Economy

The unrelenting demand for more retail space in the Mumbai Metropolitan Region (MMR) has prompted mall developers to boost their development pipeline, writes Anuj Kejriwal, MD & CEO – ANAROCK Retail.

The Centre (Government) has invited comments from all the stakeholders and states on The Model Tenancy Act, 2019, which will be taken to the Cabinet as soon as possible.

The Government has taken following major steps to increase the flow of credit to micro, small and medium enterprises (MSME) exporters, Commerce and Industry Minister Piyush Goyal said in a written reply in the Rajya Sabha on 12 July 2019.

Distorted property rights for lack of a sound rental policy, weak rental contract implementation and low rental yields prompt property vacancies.

The government is examining the issue of foreign portfolio investors (FPIs) coming under the purview of increased surcharge on high-income earners, CBDT (Central Board of Direct Taxes) chairman, P.C. Mody has assured investors.

Indian-Singapore joint venture, Vistara, to launch international flights, starting on the Delhi-Singapore and Mumbai-Singapore routes on 6 and 7 August 2019, respectively.

Russia has called for focus on strategic economic cooperation with India at a bilateral meeting held on 10 July 2019 in New Delhi.

Commerce and Industry Minister Piyush Goyal has highlighted India’s concern on the import quota restrictions faced in Indonesia by the Indian auto and auto component industries on completely built up units (CBU) and tyres.

The Indian Government is expected to raise debt from soft-interest international markets as it continues multi-billion dollar infrastructure development across the country.

Yangon International Airport (YIA) has launched a marketing campaign to tap Southeast Asian bound tourists from India with a series of roadshows, including to major Indian cities, in line with the India-ASEAN Air Connectivity initiative.