Economy

Following the Budget 2019-20 announcement, the government has issued a partial credit guarantee for public sector banks to purchase pooled assets of financially sound NBFCs amounting to Rs.1 lakh crore.

Russia’s Deputy Prime Minister, Yuri Trutnev and Commerce Minister Piyush Goyal have underlined the need to diversify and deepen trade links in priority sectors, in order to meet the trade target of US$30 billion by 2025.

A large number of bankers want the government to address agriculture distress as a top priority by undertaking reforms in the sector and strengthening the agricultural value chain.

S&P Global Ratings recently affirmed ‘B+’ rating on Tata Motors, removing it from CreditWatch believing that geopolitical risks such as Brexit and US tariffs could take longer than expected to play out.

The strong will and action of the Government to scrap Article 370 has paved a new era of growth both for the people of Jammu & Kashmir and Ladakh regions, said FIEO President Sharad Kumar Saraf.

Finance and Corporate Affairs Minister Nirmala Sitharaman has assured that the government intent to reduce corporate taxes and would consider 25% tax on all categories on being comfortable on tax collection.

The Indian residential water purifier market is projected to grow at a CAGR of 13.3% and reach US$818 million by 2024.

India is looking to gain from the investment-friendly Russian stance in the natural resource-rich region during a Commerce and Industry Minister Piyush Goyal-led delegation visit to Vladivostok.

ADM Aéroports de Montréal has awarded a five-year strategic IT and business transformation contract to Wipro Ltd.

Having signed a United Nations’ treaty on mediation of business disputes, India now need a quick law to implement the process of settling contractual differences as it develops a US$5 trillion economy through multi-billion-dollar deals.