India has made it clear that crude oil prices have gone beyond limits, it has not only hurt India's fiscal balance, any more hike of oil prices would hurt the global economy.
The issues of the proposed mega free trade deal will be discussed soon by the Chinese officials in a visit to India. The discussions started in Cambodian Capital Phnom Penh in 2012. Mega-regional trade deals are a fragile global economy. These trade deals are seen as a means to insulate economies from market uncertainties in an environment of falling aggregate demand. The mega-deal aims to cover goods, services, investments, economic and technical cooperation, competition and intellectual property rights.
May 29, 2018
The stalled construction works of two tunnels to avert traffic congestion in the Kuthiran hill region of busy National Highway 544 stretch between Palakkad and Thrissur will be resumed within a week. The 900 crore tunneling project is first in Kerala. The main contractor has decided to release funds to the subcontractor in- charger of tunneling works following the intervention of National Highways Authority of India (NHAI). More than 90% works of the left tunnel have already been completed but the right one has been lagging behind.
May 7, 2018
Indian Prime Minister Narendra Modi and Chinese President Xi Jinping met. Only rekindle the hope of reconciliation over the recent skirmishes happening at the Indo-China borders, began to retie the friendly ties in the interest of peace all over. A 24-hour tour to city Wuhan in central China, they will go on a friendly walk around the guest house where the important talk will go on one to one, an hour-long boat trip would take on the talks left incomplete during the walk.
Apr 29, 2018
Indian Domestic air traffic carried 9.04 million passengers in 2016-17, it went up by 28 percent taking the passengers movement to 11.5 million in 2017-18, according to the data by Director General of Civil Aviation, New Delhi. The overall growth in the air traffic by 28 percent is the reflection of affordability and connectivity throughout length and breadth of India by and for the domestic passengers, which was unseen during earlier years. One of the reasons for the spurt of domestic tourism is the change of mindset of people intend to travel to new tourism destinations.
Apr 19, 2018
Indian Domestic air traffic carried 9.04 million passengers in 2016-17, it went up by 28 percentage taking the passengers movement to 11.5 million in 2017-18, according to the data by Director General of Civil Aviation, New Delhi. The overall growth in the air traffic by 28 percentage is the reflection of affordability and connectivity, length and breadth by domestic passengers, which was unseen during earlier years. One of the reasons for the spurt of domestic tourism is the change of mindset of people intend to travel to new tourism destinations.
Apr 19, 2018
Reserve Bank of India RBI, its monetary policy committee has retained the short-term-pending rate or Repo rate at 6 percent, unchanged during the fifth bi-monthly review of policy during the current fiscal year. this decision was on the expected lines as 95 percent (52 out of 54) of the financial expert's survey poll were sure that policy rate will be retained. Seven-year low policy rate is still retained. Sine the committee reduced the key lending rate by 25 basis points in August 2017.
Dec 6, 2017
India is likely to be the fastest growing economy in the world during the next few years, Reforms like GST, Demographics, suitable international investments, digitisation has set the country to be achieving a working six million dollars by 2027. Ther has been an acceleration of GDP growth from 5.8% in 1990's to 6.9% in 2000's. U.S based property owners and the world are expected to meet in November in India to find out the Indian government offers and feasibility, risks in different sectors and India's placements in the world's economy.
Oct 3, 2017
UAE Exchange India has introduced foreign currency buyback facility for foreign travellers. The facility will be a boon to foreign travellers who encounter loss while exchanging leftover currencies due to rate fluctuation. Foreign Currency Buyback facilitates currency return at the same rate of purchase, thereby assisting the foreign travellers in saving unused currency. By adding more ensigns to foreign exchange services, UAE Exchange is the first financial service provider in India to offer advanced Buyback feature for currency exchange.
Mar 2, 2017
Reserve Bank Governor Urjit Patel expressed optimism that India's economic growth will make a "sharp V" recovery as a result of the demonetisation of 500 and 1,000 rupee notes. "Almost everyone agrees that the impact is going to be a sharp 'V', that we would have a downgrade of growth for a short period of time," he told CNBC-TV18 in an interview. Patel also made a strong case for continuing with globalisation even in the face of a potential shift to trade protectionism under US President Donald Trump as India has benefited from open trade.
Feb 17, 2017