Economy

Money laundering law prevails over Bankruptcy Act, insolvency code, says Delhi High Court

The court passed the verdict on a batch of appeals by the Enforcement Directorate (ED) against the orders of PMLA appellate tribunal on the pleas of various banks.

Money laundering law, Delhi High Court, PMLA, insolvency code, Bankruptcy Act, SARFAESI Act, IBC News

Ayushman Bharat, PM-Kisan, rural electrification ‘major successes’ by Modi government, says Arvind Panagariya

In an interview, the eminent economist said "...Ayushman Bharat, PM-Kisan, cooking gas, rural roads and rural electrification represent major successes of the Modi government. Unprecedented progress h

Ayushman Bharat, PM-Kisan, rural electrification, modi government, IBC, gst, DBT, Modi government News

FPIs pour Rs 11,096 crore in April so far driven by global and domestic factors

As per depositories data, FPIs invested a net amount of Rs 13,308.78 crore in equities and pulled out Rs 2,212.08 crore from the debt segment during April 1-12, taking the total net investment to Rs 1

FPI, Foreign investors, US China trade agreement, capital markets, economic growth, economy news

Global finance ministers prepared to ‘act promptly’ to shore up growth

“To protect the expansion, we will continue to mitigate risks, enhance resilience, and, if necessary, act promptly to shore up growth for the benefit of all,” officials said.

International Monetary and Financial Committee, inflation, European Central Bank, world economy, trade war, global finance minsiters News

Can ‘fix’ Petrobas situation, says Brazil’s economy minister

Petrobras shares plunged more than 8 percent on Friday after Bolsonaro called the energy producer’s Chief Executive Officer Roberto Castello Branco and ordered him to cancel a planned increase in di

brazil economy, paulo guedes, jair bolsonaro, IMF, Washington, Petroleo Brasileiro SA News

Chinese economy ‘generally stable’, to maintain prudent monetary policy

The Chinese economy has been “generally stable,” Chen said a statement to the International Monetary and Financial Committee, which was posted on the IMF’s website.

Chinese economy, china, US China trade deal, foreign portfolio investment, foreign portfolio investment News

Europe’s risk of paralysis in slowdown puts Germany on the spot

For German Finance Minister Olaf Scholz, a key challenge was fending off pressure, including by France and the IMF, for Chancellor Angela Merkel’s government to ease off its annual push for a balanc

Europe, Germany, International Monetary Fund, France, Paris, Berlin, European Central Bank, germany economy News

India cuts trade deficit with China by $10 billion in FY19 as imports go down

The trade deficit has seen a "whopping reduction" as a result of "high-level engagement, strategic planning, coordination with stakeholders, market research, etc.," Commerce and Industry minister Sure

Economy News

Why India’s rise to the superpower status is hardly guaranteed

Modi wisely began his term with talk of “Make in India,” his shorthand for reviving India’s anemic manufacturing sector. That task has been left undone because it would have required fundamental

Economy News

US-China trade deal should comply with multilateral rules to avoid economic risks for Asian nations, says IMF

IMF Asia-Pacific Deputy Director Jonathan Ostry said the fund’s research shows that if China agrees to buy an additional $50 billion in goods from the U.S., the spillover effect of the possible dive

Economy News

Scrapping $5.6 billion duty-free imports from India could raise costs for US consumers, say senators

India is the world's largest beneficiary of the GSP, dating from the 1970s, but trade ties with the U.S. have widened over what Trump calls its high tariffs and concerns over New Delhi's e-commerce po

Economy News

Instead of 25 bps, central banks should be flexible on size of interest rate moves, says Shaktikanta Das

The Reserve Bank has delivered two back-to-back rate hikes of 25 basis points each this year to boost growth in Asia’s third-largest economy.

Shaktikanta Das, rbi rbi governor shaktikanta das News

Global economy likely to pick up growth in second half of 2019, say G20 leaders

Global finance leaders gathered from the spring meetings of the International Monetary Fund and the World Bank agree that the global economy has lost momentum this year.

imf, economy, g20, international monetory fund News

RBI to remain watchful on growth, financial stability: Shaktikanta Das

India's current account deficit is expected to be around 2.5 per cent of GDP in 2018-19.

rbi, shaktikanta das News

Future direction of China’s growth glimpsed in historic town’s revamp

President Xi Jinping has given himself more wiggle room by lowering the annual growth target to a range of 6 to 6.5 percent this yea

china, economy News

Double trouble: IIP growth at a 20-month low, inflation at 5-month high

Industrial production grew just 0.1% in February, with capital goods recording its third contraction in the past four months.

Economy News

Indian and Brazilian startups to meet later this month to explore new technologies in financial sector

The focus of this conference is to explore opportunities for cooperation and partnerships and to identify and exploit complementarities between the Brazilian and Indian fintech sectors.

Economy News

Inflation rises, factory output falls; key figures in nutshell

Retail inflation picked up marginally in March to 2.86 per cent compared with 2.57 per cent in February, government data showed on Friday.

Economy News

India turns net importer of steel despite being world’s second largest producer

In reaction to this, the domestic steel producing companies have also demanded for an imposition of higher duties on imports.

Economy News

Free power, loan waivers can’t be long-term solutions to farmer problems: Vice President M Venkaiah Naidu

Main opposition party Congress has promised minimum income guarantee scheme or Nyay to 20 per cent poorest of the country. The scheme is aimed at providing Rs 72,000 a year to the targeted family.

Economy News

Income transfers not enough; India needs jobs, says ex-Sonia Gandhi advisor

The need for job creation has also been pointed out by former RBI Governor Raghuram Rajan during an interview with Bloomberg recently.

Economy News

After US- China trade war cools, Japan braces for its clash with Trump

Those deals have left U.S. farmers, including beef and pork producers, at risk of losing their 22 percent share of Japan’s food import market to rivals with lower tariffs.

Economy News

Climbing oil prices put inflation outlook at risk

The low headline print gave Governor Shaktikanta Das and the rate-setting panel the space to cut rates by 25 basis points each in February and April to support the economy.

oil prices, india inflation, indian economy, economic growth, Shaktikanta Das, Crisil Ltd, HSBC Holdings Plc, Monetary Policy Committee News

Indian firms’ foreign investment rises 18% to $2.69 billion in March

In February 2019, the investment by Indian firms stood at USD 1.71 billion, the Reserve Bank data on outward foreign direct investment showed.

Economy News

Sugarcane woes for Modi: Ballooning farmer dues may hit BJP vote bank

Farmer distress seems to have become a major poll issue for the Modi government which has seen numerous farmer’s protest and marches during its tenure.

Economy News

China says trade talks with US ‘moving forward’

China said Thursday that trade talks with the U.S. are "moving forward" after nine rounds of consultations aimed at ending a standoff that has shaken the world economic outlook.

Economy News

India Inc is queuing up to raise dollar funds, but only select firms will find

Indian companies are lining up to seek dollar-denominated debt as global interest rates soften, but only a few are likely to find it as foreign investors remain wary about the credit quality of many,

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