Country Garden has reportedly defaulted on $15.4 million dollar bond interest payment, a first. This comes 2 months after the Evergrande Group filed for bankruptcy.
Corporate tax cut provides relief to our slowing economic engine, but Modi government must prepare a roadmap of how it can bridge the associated revenue loss.
India’s GDP has slipped to a six-year low, growing at five per cent in June quarter. Sectors like automobile, manufacturing and real estate are witnessing unprecedented slowdown.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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