Economy in India
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CHINA, 2017/07/10
In May 2017, India curtly and publicly declined to attend Chinese President Xi Jinping’s Belt and Road Forum (BRF) in Beijing. India’s snub was both uncharacteristic and controversial, although not unexpected.
On 13 May 2017, a day before the BRF plenary, a spokesperson for the Indian Ministry of External Affairs (MEA) provided a formal explanation for India’s absence from the forum. From the statement it seems clear that there is a wide gap between the Belt and Road Initiative (BRI) as it was understood by a lot of participants at the BRF, and as interpreted by India’s MEA and much of India’s policy elite.
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INDIA, 2017/06/23
Personal investment arm of Azim Premji wants to know how rights of minority shareholders will be protected in the event of the sale being finalised PremjiInvest, the personal investment arm of Wipro chairman Azim Premji that owns a minor stake in online marketplace Snapdeal, is once again seeking better clarity on the terms at which the troubled company is being sold to market leader Flipkart, according to three people aware of the development.
This is the second query, in as a lot of months, from the investment firm asking how the rights of minority shareholders will be protected in the event of the sale being finalised, the sources said, signalling further delay in the process, which is being steered by Japanese telecom and internet major SoftBank.
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CHINA, 2017/04/10
Asia is set to remain the world’s biggest contributor to world increase in 2017, with activity picking up in two-thirds of the region’s developing economies, according to the Asian Development Bank (ADB). The increase outlook has reassured investors amid rising geopolitical tensions in the world’s most economically dynamic region.
In its “Asian Development Outlook 2017,” the Philippines-based organization predicted gross domestic product (GDP) increase for Asia and the Pacific of 5.7 % this year and next, a slight drop from last year’s 5.8 %, despite stronger external request, improved commodity prices, and domestic reforms.
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INDIA, 2016/09/29
The Manila-based development lender expects the Indian economy to grow by 7.4% in the year that ends next March, keeping its earlier forecast unchanged in an update to its regional outlook.
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INDIA, 2016/09/29
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INDIA, 2016/03/20
It is often suggested that the only way out of an over-zealous competitive world order that is attended by threatening rivalries and lack of trust is to embed the nations in a relationship of economic interdependence. Appearing to be the best bet in a world order that is connected by boundary-transcending technologies, but where national rivalries are still rife, fostering of economic cooperation between nations can help pacify if not eliminate suspicion and mistrust that have often triggered conflicts between and within nations.
Attesting to the harms that unchecked rivalries have the potential of creating, India, which shares its territorial and maritime boundaries with almost all the other South Asian nations, it has realized that the dividends accruing out of economic cooperation can outweigh the ills of political animosity that pervades the region at different levels.
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INDIA, 2016/01/06
It's one of the initial sights you'll see at the same time as driving away from the airport in New Delhi.
Men, women, and sometimes even children, walk through traffic at the red light, waving books, toys, and car chargers at you.
There's a lot of variety around the city at the same time as it comes to street vendors - on the road, sidewalk, or in front of and between the alleys of regular markets.
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AFGHANISTAN, 2016/01/02
World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.
IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide.
Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
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INDIA, 2015/12/26
In an attempt to improve the relieve of doing business and promote PM Narendra Modi's 'Make in India' initiative, India today relaxed defense offset guidelines, bringing an Indian vendor at par with the foreign OEM in terms of fulfilling offset obligations.
This will provide better flexibility to the vendors in offset contracts and reinstatement of services, and ensure a level playing field to Indian firms in capital acquisitions.
Vendors had been expressing difficulty to upfront provide specific description of products and their work share, supporting documents to establish eligibility of Indian Offset Partners (IOPs) and yearly discharge schedule.
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CHINA, 2015/05/13
Greece has been invited by Russia to become the sixth member of the BRICS New Development Bank (NDB). The $100 billion NDB is expected to compete with Western dominance and become one of the key lending institutions.
The invitation was made by Russian Deputy Finance Minister Sergey Storchak on Monday during a phone conversation with Greek Prime Minister Alexis Tsipras, according to a statement on Greece's Syriza party website. Tsipras thanked Storchak, who’s currently a representative of the BRICS Bank for the invitation, and said Greece was interested in the offer.
