Report by the PHD Chamber of Commerce and Industry says domestic gold production is expected to rise from 16 tonnes to 100 tonnes by 2030, eliminating the need for imports.
The rupee hit a record low of 83.29 per dollar in that turbulent week, and traders said the RBI had intervened in both the spot and forward markets to contain the slide.
During the week ended 29 May, RBI data showed foreign currency assets, a major component of the overall reserves, increased by $3.50 billion to $455.21 billion
Request for Information issued by govt seeks transfer of technology. This comes as the planned acquisition of 200 Kamov light utility helicopters from Russia remains in limbo.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
High amount of money pulled out through divestments/ repatriations is not necessarily a bad thing. It shows that investors who had invested over earlier years have probably made capital gains and have returned money to original investors. That sets a good track record for foreign investors and adds credibility. But this hypothesis needs to be cross checked against the type of money pulled out which analysis was not focussed on in this episode. One of the problems in China is that foreign investors have not be able to repatriate or divest their holdings in China as compared to the massive investment coming ‘in’ the country.
High amount of money pulled out through divestments/ repatriations is not necessarily a bad thing. It shows that investors who had invested over earlier years have probably made capital gains and have returned money to original investors. That sets a good track record for foreign investors and adds credibility. But this hypothesis needs to be cross checked against the type of money pulled out which analysis was not focussed on in this episode. One of the problems in China is that foreign investors have not be able to repatriate or divest their holdings in China as compared to the massive investment coming ‘in’ the country.