Banking / Investment in India
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ARMENIA, 2017/07/08
Despite trade sanctions, Crimea is maintaining connections to international markets. Crimean traders are performing some logistical gymnastics to skirt sanctions, in particular transiting goods through the Russian port of Novorossiysk.
On paper, of course, Crimea is experiencing a severe trade crisis. Official statistics indicate that Crimea’s import volume in 2016 shrank by a full third compared to the 2015 level, a drop of $33.6 million. Exports fell by $31.8 million, a 40-% decline from 2015. The city of Sevastopol, which is not formally part of the Republic of Crimea, reported a 12.6 % fall in its imports and 66.8 % fall in its exports in the same period, with volumes shrinking to $33.4 million and $5.9 million, respectively.
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INDIA, 2017/07/02
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INDIA, 2016/06/20
India’s “rock star” central bank governor Raghuram Rajan, feted by foreign investors but under pressure from political opponents at home, stunned government officials and colleagues on Saturday by announcing he would step down next just one three-year term.
Rajan, a former chief economist at the International Monetary Fund, is held in high esteem by policymakers and investors at home and abroad for overhauling the way the Reserve Bank of India (RBI) operates.
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INDIA, 2016/03/14
India’s Central Bank Governor Raghuram Rajan on Saturday called for a system for assessing the wider impact of monetary policies of world central banks, inclunding unconventional tools and their spillover result.
The European Central Bank before this week eased monetary policy further while the Bank of Japan has as well taken interest rates into negative territory for the initial time.
Asserting that unconventional monetary policy used by industrialised nations has impact globally, the Indian Central Bank chief said there was a need to discuss the issue and analyse its spillover result.
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INDIA, 2015/12/11
Ahead of next week's FOMC conference, the Reserve Bank of India (RBI) said it would intervene in the rupee currency futures market, if required, to manage excessive volatility. The RBI very often intervenes in the forex market in order to maintain orderly conditions in the market.
The central bank said the data for the exchange-traded currency derivatives market would be published in monthly bulletins. The disclosure is the initial such by RBI.
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INDIA, 2015/11/20
Africa is drawing a variety of investors in search of natural resources and fast-growing consumer markets. They are eager to benefit from some of the highest economic increase rates in the world – as two-thirds of the nations in the continent will grow at over 5% over the next five years – and favourable demographics.
Africa’s fast-growing, very young and increasingly urban people is currently estimated at 1.2 billion and set to exceed four billion by 2100, at the same time as around 40% of the world people will be living in Africa, based on projections from the UN. As the EU and China remain Africa’s major trade and investment partners and President Obama has given momentum to the US-Africa partnership, India’s involvement with Africa has been growing steadily. It is set to intensify further, based on the synergies of needs and interests.
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INDIA, 2014/11/05
The Gambia government last week signed a US$45 million transaction with the Indian government for a financing facility with the Export-Import Bank of India for electricity expansion and replacement of the asbestos water-pipe network in the Better Banjul Area, an official release has announced.
In his remarks on the occasion, Exim Bank deputy managing director Debasish Mallick said he was satisfied with the evolution being made in the implementation of the bank-financed projects in the country so far.
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INDIA, 2014/05/29
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CHINA, 2013/07/22
Emerging economies like India, China and Brazil have increased their R&D faster than developed nations but they have not been able to break into the top positions in world innovation, according to a statement.
"Emerging markets have increased their R&D faster than high-gain nations. Over the last five years, China, Argentina, Brazil, Poland, India, Russia, Turkey and South Africa have been at the forefront of this phenomenon," the World Innovation Index (GII) 2013 released today, said.
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INDIA, 2013/07/22
Export-Import Bank of India (Exim) has extended an additional line of credit of $ 19.50 million to the Vietnam government for financing two projects.
"Exim Bank has, at the behest of Government of India, extended an additional LOC (line of credit) of $ 19.50 million to the Vietnam Government, for financing two projects in Vietnam," an Exim release said here.
Exim Bank, till date, has extended three lines of credit (inclunding the new one) to Vietnam valued at $ 91.50 million, it said.
