India is struggling to keep international investors interested. An uncharacteristically bold concession from the central bank shows the extent of desperation.
The 10-year U.S. bond yield...
The report points out that though the phase after 2014 has been labelled a period of rural distress, the gap between average growth in rural wages and rural inflation is not so significant.
The rupee is Asia’s worst performing currency this year, and it will be further affected by higher global crude oil prices. The central bank may need to act early to maintain macro-economic stability.
Crypto dealers are trying to identify institutions out of RBI’s purview, such as post offices, where money orders can be used to send and receive funds.
The disproportionate concentration of bad loans in the government owned banking system has a major role to play in the crisis that India is presently facing.
In the last 12 months alone, two poll-bound states, Karnataka and Rajasthan, have announced loan waivers, as have Uttar Pradesh, Maharashtra and Punjab.
India’s nearly $1.7 trillion formal banking sector is coping with $210 billion of problem loans, and some regional banks have been ensnared in fraud scandals.
Once seen as a fading presence on India’s investment & startup picture, the state is slowly moving up the ladder, with policy reforms & infrastructure building.
Agreement signed during 17th Joint Working Group (JWG) on defence cooperation. Defence Secretary Rajesh Kumar Singh met Director General in Israeli Ministry of Defence Amir Baram Tuesday.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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