Page 2651 - Economy & Policy News

Odisha plans roadshows in Saudi, Italy, Germany for foreign investments

Over the past 4 years, the state has made rapid strides in attracting manufacturing investments with 118 large projects approved

India receives $69 bn in remittances from its diaspora, retains top spot

Kerala topped the share of remittances (40%) with the number of workers sending money to the state increasing in five years to 2014

Mineral-rich India still imports thrice the value of its local production

Trend has shown no sign of abatement since 2013-14; Gold and diamond make up 80% of value of imported minerals

Bond yield levels not justified, says Subhash Chandra Garg

The yields today possibly do not reflect the fundamentals and therefore, as things stablise, they will come back to normal

GST fails its biggest promise - formalisation of economy: HSBC report

The report, however, noted that over the long-term, GST will lead to more formalisation of the economy

Asian Infrastructure Investment Bank annual meet to focus on collaborations

Prime Minister Narendra Modi will inaugurate the third annual meeting of the Asian Infrastructure Investment Bank (AIIB) in Mumbai on Monday

Infrastructure needs make India hot spot for development banks

Of the total 26 projects that the AIIB has undertaken across Asia, so far India has generated most of the attention

Indian oil companies to gain from higher Opec output

After the decision, Brent crude oil prices were seen at $74.11 a barrel, up 1.45% from the previous day

Govt likely to sell a significant portion of its stake in IDBI Bank to LIC

The insurance regulator may take up the matter during its June 29 board meeting

Arrest of BoM brass: Bankers on the warpath, may meet govt on witch-hunt

Sources said bankers held discussions with Devendra Fadnavis late Friday night about the arrest of BoM executives

Realty, health pose risks to bond market, says McKinsey Global Institute

About 18 per cent of outstanding corporate bonds in India were at default risk in 2016

Key defence agreement with the US finally within reach

Three areas of differences remain in transfer of communications equipment

Aditya Birla Finance bets on SMEs as it looks to expand to 50 cities

ABFL offers SMEs lines of credit, business loans, supply-chain financing and working capital loans.

Kharif sowing 9.7% lower as monsoon delayed over Central, North India

Going forward, however, experts say sowing should pick up pace once monsoon revives eastern, central, northern and western parts of country

Banks are not providing adequate foreign exchange at market rates to SMEs

SMEs at large do not understand foreign exchange and the concept of hedging, which banks often take advantage of

Power Ministry considers making 24 degrees as default setting in ACs

The temperatures settings in ACs will be in the range of 24 to 26 degree Celsius, it said

Govt may sell part of its stake in IDBI bank to India's top insurer LIC

India has been trying since at least two years to sell IDBI Bank

India to revive rupee trade mechanism for its oil payments to Iran: Source

Donald Trump said in early May that the United States would walk away from an international nuclear deal with Iran and impose renewed US economic sanctions on Tehran.

MP takes up solar rooftop tendering with 45% subsidy support

Over 60 prospective bidders attend pre-bid meeting for the tender that is expected to be finalised in July

GST to usher in over 100% growth in warehousing sector by 2021: Report

Implementation of GST has had a positive effect on warehousing activities in India due to diminishing state boundaries, says a JLL report