Tag Archives: economic

The Reserve Bank of India’s Monetary Policy Committee voted on Friday to keep key rates unchanged and maintained an accommodative stance, Governor Shaktikanta Das announced. With this repurchase rate it remains at 4.0% while the reverse repurchase rate remains at 3.35% The development comes amid signs of recovery in the …

[ad_1] NEW DELHI: Districts with substantial economic activity should be allowed to resume all industrial and commercial operations with the highest security protocols so that businesses remain financially sustainable while preventing job losses, the CII said Sunday. The Confederation of Indian Industry (IIC) requested that the financial contribution of the …

[ad_1] WASHINGTON: Billionaire investor Warren Buffet said Saturday that he is confident the US economy will recover from its beating from the coronavirus pandemic because “American magic has always prevailed.” The 89-year-old man made the optimistic prediction about the world’s largest economy, as his holding company Berkshire Hathaway reported first-quarter …

[ad_1] NEW DELHI: Prime Minister Narendra Modi held a series of meetings on Saturday with key ministers, including Interior Minister Amit Shah and Finance Minister Nirmala Sitharaman, and officials from economy ministries to consolidate the second package of stimulus for the sectors affected by the closure to stop the spread. …

[ad_1] Opportunity has knocked on India’s door many times in the past and is doing so again. Can India grab it? Or will it go by tradition of never missing an opportunity to miss an opportunity? The defining moment has come in India and, if managed wisely, India could secure …

[ad_1] Union Minister Nitin Gadkari said Sunday that India should consider turning global “hatred” of China amid the coronavirus pandemic into an economic opportunity for itself by attracting large-scale foreign investment. Interacting with Indian students abroad through videoconferences, the Minister of MSMEs and Road Transport and Highways said: “All over …

[ad_1] New Delhi: More than 27 lakh people have been infected with the COVID-19 coronavirus worldwide with the death toll crossing 1.9 lakh, the virus that first emerged in China in December 2019 could be the beginning of the World War III and the world does not even know. The …

[ad_1] NEW DELHI: Days after the Islamic Cooperation Organization voiced concern over alleged “Islamophobia” incidents in India, Minority Affairs Minister Mukhtar Abbas Naqvi said Tuesday that Muslims are prosperous in the country and that those who try to vitiate the atmosphere cannot be their friends. The Islamic Cooperation Organization (OIC) …

[ad_1] On Saturday, the government made its prior permit compulsory for foreign investments from countries that share a land border with India to curb “opportunistic acquisitions” of national companies after the COVID-19 pandemic, a measure that will restrict China’s FDI. The countries that share land borders with India are China, …