Business leaders, investors and consumers from all sections of the community are anxiously awaiting the decision of the Monetary Policy Committee of Reserve Bank of India (RBI) which meets for three days: June 4 to June 6. The decision on the new interest rate would also indicate the fresh monetary ...
Punjab National Bank (PNB), India’s second-biggest state-run lender, stunned the country’s financial sector when it announced a fraud worth Rs. 11,400 crore ($1.8 billion) and implicated designer jeweller Nirav Modi of the Gitan-jali Group, along with Ami Modi, Nishal Modi and Mehul Choksi....
If the present government’s biggest structural reform – implementation of Goods and Services Tax – has not yet delivered to its potential; the second big reform in the form of Insolvency and Bankruptcy Code (IBC) has shown visible effect on the financial life of the economy. It has brought sig...
Cryptocurrency is a digital asset designed to work as a medium of exchange. It has been a growing matter of discussion among a section of people as there has been an opportunity of financial gain by trading it and using it as a medium of exchange around the world. National and international media ha...
“Ships leaving Nhava Sheva port, across the harbour from Mumbai, tend to ride higher on the water than when they arrive. India’s trading statistics explain why: steel and other industrial goods from China weigh down the ships as they come in, to be replaced on the way out by fluffy cotton bales,...
Finance Minister Arun Jaitley must be a happy man. Vindicating IMF and World Bank’s high GDP growth projections for 2018-19, India’s investment scenario has improved considerably. Reflecting the trend the non-food credit flows of banks to commercial sector have increased steadily in recent...
There are some new headaches for policy makers this past fortnight. The rupee has been sliding faster. On the other hand, oil price is rising. Indian currency fell to the lowest at `67.13 on May 8 – the lowest in the past 15 months. Last month, the decline to `66.08 was the steepest in 12 months s...
At present, the Indian economy is passing through a phase of rural stress, credit crunch, lack of employment opportunity, etc. Across the world, one is witnessing a push-back of globalisation by nationalist and protectionist forces. Economist Dipak Nayyar, a professor emeritus, Jawaharlal Nehru Univ...
Indian mobile manufacturing industry is expected to touch Rs.1,32,000 crore by end of 2018, said Ravi Shankar Prasad, Union Minister, of Electronics & Information Technology said at an ASSOCHAM event held in New Delhi.India manufactured about 110 million mobile phones in 2015-16 as compared to 6...
Way back in 2008, when Arjun Shetty and his wife Rati, both working in Seattle, USA, were exploring various options which included re-locating to India, they started looking for financing avenues for setting up their home in Chennai. “We found the system to be laborious. We had to go from pillar t...