Economy

Neustar Data Infotech (India) Private Limited has announced the appointment of Nitin Wali to support its leading Registry Solutions business in India.

The Cabinet has approved the recapitalization of Export Import Bank of India (EXIM Bank) through Rs.6,000 crore government bonds on 16 Jan 2019.

Despite all headwinds including the liquidity crisis in 2018, housing sales rose by 18% and new launches by 33% across the top 7 cities compared to 2017, according to Anarock Property Consultants.

In pursuance of decision in the 32nd Meeting of GST Council held on 10 January 2019 at New Delhi, a Group of Ministers (GoM) for boosting the Real Estate Sector under the GST regime has been constituted.

The government is working on a blueprint on aircraft manufacturing in the country and will soon make it a reality, Civil Aviation Minister Suresh Prabhu said on sidelines of the Global Aviation Summit 2019 held in Mumbai.

Royal Dutch Shell has completed the acquisition of Hazira LNG and Port Ventures in Gujarat from France’s Total Gaz Electricite Holdings.

The Shipping Ministry has called bids for the appointment of Project Management Consultant (PMC) for preparation of detailed Master Plan which includes Architectural Design, Site Planning etc.

The listing of India’s first REIT by Blackstone-backed Embassy Group has been in the offing for quite some time, but it now finally appears that it will be listed within the first half of 2019.

The Federation of Indian Chambers of Commerce and Industry (FICCI) has suggested reduction in the corporate tax rate across the board to 25% (irrespective of turnover) to spur economic growth and increase overall tax collections.

India’s divestment efforts, with year-to-date collections, still at a fifth of the target of Rs.800 billion, according to a report by a Singapore banking group, DBS.