India and Germany Ratify Social Security Agreement India and Germany have ratified the Social Security Agreement (SSA), which will come into force from May 1 this year, to help promote more investment flows between the…
Mumbai is India’s Richest City India’s financial capital Mumbai, which is home to 46,000 millionaires and 28 billionaires, is the richest Indian city with a total wealth of $820 billion according to the New World…
BRICS Bank to finance techno-innovation projects The New Development Bank (NDB) set up by the BRICS plans to provide lending to technological innovation projects. Established to meet emerging economies’ funding needs, the multilateral lender approved…
India and ADB ink pact for East Coast Economic Corridor India and Asian Development Bank have signed USD 375 million pact for loans and grants to develop 800—km Visakhapatnam—Chennai Industrial Corridor, which is the first…
First multilateral deal agreed at the World Trade Organization (WTO) comes into force The Trade Facilitation Agreement (TFA) has now been ratified by 112 of the WTO’s 164 members, crossing the two-thirds threshold needed for…
International Monetary Fund (IMF) predicts India’s (GDP) growth to over 8% post adoption of GST The adoption of the Goods and Service Tax (GST) could help raise India’s medium-term gross domestics product (GDP) growth to…
India became the 12th largest holder of US government securities at the end of 2016 With exposure worth USD 118.2 billion India became the 12th largest holder of US Government Securities. With holdings worth USD…
Law for Compensation of States cleared by GST Council The Goods and Services Tax (GST) Council, at its 10th meeting, ratified the draft law for compensation to states. However, it could not ratify the three…
Cabinet approves merger of 5 associate banks with SBI The Cabinet has approved the merger of five associate banks with the State Bank of India (SBI), which will catapult any bank from India to among the top…
TReDS can boost MSMEs’ liquidity, with some tweaks The Trade Receivables Discounting System (TReDS) proposed by the RBI is expected to provide much-needed liquidity to micro, small and medium enterprises (MSMEs). Lack of adequate working capital has…