Wednesday, 17 October, 2018

Economy

File photo of Indian currency | Bloomberg

IMF estimates rupee’s depreciation to be only 6-7%

The world body warned that the rupee depreciation would jack up the prices of imported goods such as oil and petroleum products.
Representational image

India indicates trade war truce with US again even as Chinese goods set to face fresh tariffs

The Trump administration is dealing with India differently by exempting it from tariffs on its steel and aluminium goods, with some conditions applied. 
Jaipur metro

Jaipur didn’t need metro network till 2025: CAG questions hasty move by Rajasthan govt

Jaipur Metro is seen as a 'failed’ project as CAG report shows it’s struggling to meet operational expenses due to decreasing ridership.
Indian Rupee

Record fuel prices are hurting Modi as rupee begins to fall again

Fuel costs are adding to Modi’s challenge of tackling a hurtling pace of growth that’s boosting ownership of vehicles and demand for oil ahead of US sanctions on Iran.
Representational image of a Bank of Baroda branch | Dhiraj Singh/Bloomberg

Govt announces merger of Vijaya Bank, Dena Bank and Bank of Baroda

The merger proposal will be examined by the boards of respective banks.
File photo of Indian currency | Bloomberg

Modi govt keeps plan B ready to support rupee but in no hurry to implement it

Government is looking at raising funds through NRI bonds if rupee slides further but will junk idea if situation stabilises

Want to survive the robot revolution? You need to start from square one

A WEF study predicts that 54% of employees of the world’s large companies will need significant re- and up-skilling as robots take up more jobs.
IL&FS

India’s homegrown belt-and-road initiative now faces debt crisis

IL&FS and its associates have $12.5 billion in debt, of which $500 million is due over the next six months.
Devendra Fadnavis

To keep promise, Fadnavis plans to build Mumbai financial hub above bullet train station

The first station for Mumbai-Ahmedabad bullet train has been envisaged on the same plot set aside for the financial hub.
The National Stock Exchange of India, Mumbai | Wikimedia Commons

India’s world-beating stock market run may be coming to an end

Goldman Sachs says India’s equity market looks less favorable amid elevated valuations, a potential slowdown in economic growth and upcoming elections.
Sabarimala temple

Sabarimala opens tomorrow: Bracing for street attacks on women or is SC order unworkable?

The Sabarimala shrine in Kerala is set to open its gates Wednesday to women of all age groups for the first time after the Supreme Court ruling last month. Seve...
Ajit Doval

The new Doval Durbar reduces India’s layered security system to a top-down Caliphate

Ajit Doval is now India’s all-powerful security boss. But this concentration of power disrupts our layered security system.