India

NEW DELHI: India wants to start negotiations on an investment deal with the European Union simultaneously with a trade agreement in a renewed push to boost bilateral ties with the trade bloc. Keen to accelerate investments, technology and capital flows from the EU, India wants the investment and trade deals to happen parallelly and independently.
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Since the beginning of the Covid-19 pandemic, India has witnessed many behavioural changes of economic agents, with initial lockdown and subsequent reopening of the economy in phases. Such behavioural changes have resulted in a much faster economic recovery than anticipated not only in India but across economies. One such change that merits attention for policymaking
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India is considering revising its foreign investment rules for e-commerce, three sources and a government spokesman told Reuters, a move that could compel players, including Amazon.com Inc, to restructure their ties with some major sellers. The government discussions coincide with a growing number of complaints from India’s brick-and-mortar retailers, which have for years accused Amazon
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Enthusiasm about Budget 2021 has been muted. Finding a balance between prioritising lives vs livelihoods, fiscal prudence vs budget largesse should be priority. But will Finance Minister Nirmala Sitharaman’s third budget have something for everyone as indications suggest? Today, almost a year after Covid-19 descended on India, we are fully cognisant of the far-reaching impact
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NEW DELHI: India has signalled widening of ties with Taiwan amid the ongoing border crisis with China with its envoy indicating expanding scope of trade and investments ties and people-to-people contacts. India’s representative to Taiwan recently told local media that his office will focus on enhancing bilateral investments, people-to-people exchanges and technical cooperation between Delhi
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New Delhi: India is strengthening the entire ecosystem to achieve Prime Minister Narendra Modi‘s dream of becoming a USD 5 trillion economy by 2025 through rapid structural reforms, Union Minister Piyush Goyal said on Saturday. Addressing the Pravasi Bharatiya Diwas conference, the Commerce and Industry Minister said: “We are working simultaneously to bring about a
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MUMBAI: The central bank’s newly established corpus of Rs 345 crore for developing payment infrastructure in rural India could ease the unit economics for key stakeholders to deploy terminals in the absence of Merchant Discount Rate (MDR). However, key stakeholders – the banks and payment companies — would continue to demand the resumption of transaction
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MUMBAI | HANOI: Vietnam, the world’s third biggest exporter of rice, has started buying the grain from rival India for the first time in decades after local prices jumped to their highest in nine years amid limited domestic supplies, four industry officials told Reuters. The purchases highlight tightening supplies in Asia, which could lift rice
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Without making big national headlines, China’s Gland Pharma launched the biggest initial public offering (IPO) of shares in Indian pharmaceutical history of Rs 6,500 crore in November. This was oversubscribed more than twice, despite calls for boycotting everything Chinese after the Ladakh clash last summer when 20 Indian soldiers died. Gland Pharma’s issue price was
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Hyderabad: Though COVID-19 and the subsequent lockdown left a trail of economic devastation on most countries, India can potentially build upon three positive aspects- push in the rural economy, stronger federalism and a huge consumption base, former RBI Governor Duvvuri Subbarao Rao has said. In his foreword on a Telugu book titled “Maandhyam Mungita Desam”
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NEW DELHI: India and Japan has taken a key step towards widening their economic partnership in the steel sector and steel industry which will boost India’s manufacturing industry. On December 22nd the “Memorandum of Cooperation between the Ministry of Steel, Government of India and the Ministry of Economy, Trade and Industry, Government of Japan in
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NEW DELHI: The government is making efforts to deregulate the economy with an aim to attract greater investments from across the world, Commerce and Industry Minister Piyush Goyal said on Wednesday. He said the government has opened up defence, manufacturing, mining, finance and capital market sectors. The government has further liberalised agricultural laws to encourage
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India may not wait for consensus on ongoing negotiations at the Organisation for Economic Co-operation and Development (OECD) on Pillar 1&2 of Base Erosion and Profit Shifting (BEPS) project, but once consensus is achieved all unilateral measures to counter base erosion will be withdrawn, a senior official said. “While we said that it’s may not
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India’s entrepreneurs have a unique opportunity to shape the future of technology, not only within their own country but across the globe, according to the billionaire founder of one of the country’s most successful start-ups. Vijay Shekhar Sharma, CEO of financial technology company Paytm, said accelerating internet adoption under the pandemic has increased the need
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Industry body CII has recommended a three-pronged strategy for Budget 2021 centring around the key themes of growth, fiscal consolidation and strengthening of the financial sector that would help overcome the impact of COVID-19 on the economy. The recommendations were presented to Finance Minister Nirmala Sitharaman at a meeting with industry leaders held on Monday.
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Mumbai: With several statements by finance minister Nirmala Sitharaman hinting towards an expansionary federal budget, brokerage house Nomura on Wednesday forecasted that India’s fiscal deficit could widen to 8.6% of GDP in FY21. This is against a budgeted target of 3.5%. Nomura expects fiscal deficit to narrow to 7.2% of GDP, as higher nominal growth
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After three successive quarters of above-target inflation, there are signs that inflation may have finally peaked, Barclays India said in a report. Favourable base effects, improving supply constraints and a small reversal in food prices will likely have a moderating effect on CPI inflation over coming months, it said. In its estimation, inflation will remain
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