March 26, 2021 10:36 PM IST
In 2013, as the world was coming out of a global financial crisis, the United States Federal Reserve said it would gradually reduce quantitative easing instituted after the Lehman Brothers bankruptcy in 2008. This would involve slowing the purchase of treasury bonds and hence reducing the money being pumped into the US economy.
- March 24, 2021 02:01 PM IST
Under the proposal, India would build a $1-billion railway project in the western side of Kuala Lumpur. India is seeing whether Malaysia can pay 70% of the cost in palm oil. This is not the first such deal between the two nations.
- March 23, 2021 08:55 PM IST
Though any decision on a possible merger will be taken by the boards of IIFCL and yet-to-be-formed NBFID, this indicates that the central government would be keen on such an amalgamation.
- March 23, 2021 08:25 PM IST
Replying to the Finance Bill debate, Nirmala Sitharaman said that the central government is ready to start discussions on bringing petrol and diesel under Goods and Service Tax if the states are on-board for talks as well.
- March 23, 2021 07:18 PM IST
In the previous financial year of 2019-20, services exports had risen by 4 percent while merchandise exports had shrunk by 4.7 percent.
- March 22, 2021 04:06 PM IST
The National Bank for Financing Infrastructure and Development (NBFID) Bill says the aim of the institution will be to support the development of long-term non-recourse infrastructure financing in India.
- March 19, 2021 03:47 PM IST
Officials say the 1.7 crore doses of vaccines from India have done in just three months, what billions of dollars in development finance deployed by China across the African continent over the past decade, haven't been able to. Gain Africa's trust.
- March 19, 2021 08:21 AM IST
For the government's courage to pay off, lessons need to be learnt from the failure of earlier DFIs
- March 17, 2021 09:25 PM IST
The government has lined up more meetings on the issue of FDI in e-commerce and whether e-marketplaces are bending the rules. On March 19, the DPIIT will meet with industry bodies FICCI, CII and Assocham, while on March 25, it will sit down with e-marketplaces like Flipkart and Amazon India.
- March 17, 2021 06:24 PM IST
In the notification, the Finance Ministry said that investments by privately managed PFs and others will only be allowed in AIFs with a corpus of at least Rs 100 crore.
- March 17, 2021 03:49 PM IST
The first ever portal of its kind allows exporters to make public requests for shipping containers which can be taken up by shipping lines and freight forwarders. As a result, it is expected to paint a clearer picture of where containers are needed the most and which exports are caught up.
- March 17, 2021 03:11 PM IST
It will focus on short-term targets and specific strategies to boost the outbound shipment of certain products in the near term. Right now, India’s share of exports continues to remain high in goods which are less traded and low in goods that are traded more in the world.
- March 16, 2021 03:42 PM IST
The DFI is part of the government’s push to create jobs and boost demand through a nationwide infrastructure push. The plan also includes a capital expenditure target of Rs 5.54 lakh crore for 2021-22, compared with a revised estimate of Rs 4.39 lakh crore for 2020-21.
- March 16, 2021 02:05 PM IST
It is learnt that the RBI and the finance ministry are on the same page regarding keeping the targets unchanged. In fact, in late February, the RBI said in a report that it favours keeping the current inflation targeting regime unchanged, saying it has been effective in containing price-growth.
- March 15, 2021 09:18 PM IST
At a time when all countries are scrambling to corner that open market, India needs to act quickly, Arvind Subramanian said.
- March 15, 2021 06:20 PM IST
Imports continued to rise at a faster pace in February. As a result, the trade deficit also spiked by 24 percent to $12.6 billion.
- March 15, 2021 07:12 AM IST
While there exists a broad consensus on the need for an e-commerce regulator, sources say that differences remain inside the government over whether a new entity with sweeping powers is needed, or existing agencies can do the job.
- March 12, 2021 08:16 PM IST
The dual economic challenge continues in 2021 as a fragile manufacturing sector drags down industrial production in January while the ripple effect of higher fuel prices continues to raise inflation in February.
- March 11, 2021 08:29 PM IST
Since the presentation of the Union Budget on February 1, almost all the states have presented their budgets for 2021-22, including the poll bound states of West Bengal, Kerala, Tamil Nadu and others. Moneycontrol brings you a primer of 12 major state budgets and their salient announcements.
- March 10, 2021 09:47 AM IST
Despite a strong rebound, the loss of potential output likely to be very high for India
- March 09, 2021 05:37 PM IST
Industry insiders say food manufacturers and vendors had pushed for the proposed move, arguing for more ease of doing business. Currently, while FSSAI under the Health Ministry sets standards for food imports, exports are the domain of APEDA under the Commerce Department.
- March 09, 2021 12:14 PM IST
Krishnamurthy Subramanian’s views echo that of RBI Governor Shaktikanta Das. In July 2020, Das had said a big push for mega infrastructure projects could reignite the economy, but banks saddled with infra-related NPAs, may not be best placed to finance these projects.
- March 08, 2021 03:46 PM IST
Foreign Direct Investment into India is poised to rise to a record in FY21 as the government actively wooed companies that manufactured in China and announced favourable policies such as the Performance Linked Incentives, while states continued to reach out to investors.
- March 05, 2021 02:54 PM IST
The 'Monthly Economic Review' for February also stated that higher-than-expected subsidy outlay in 2020-21 has led to real GDP contraction projections to be larger than that of real GVA, an unusual occurrence in itself.
- March 04, 2021 02:53 PM IST
The portal will help investors scout opportunities, get official investment guidance and secure requisite clearances. More than 14 states have been brought on board so far sources say.