NEW DELHI : The Indian government is reviewing around 50 investment proposals involving Chinese companies under a new screening policy, three sources familiar with the matter told Reuters. Under new rules announced by India in April, all investments by entities based in neighbouring countries need to be approved by the Indian government, whether for new […]Read More
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Ratings agency ICRA sharply revised its growth expectation for India to a 5% contraction in the current fiscal from 1%-2% growth earlier, according to a report released on Wednesday. The report estimated sharper de-growth in the first and second quarters of FY21 at -25% and -2.1% respectively, down from a range of 16%-20% contraction in […]Read More
NEW DELHI: Senior Congress leader P Chidambaram on Wednesday asked the government why it had taken the technical loan write– off route for fugitives like Nirav Modi, Mehul Choksi and Vijay Mallya. His remarks came after Finance Minister Nirmala Sitharaman said that wilful defaulters were beneficiaries of ‘phone banking’ under the UPA regime and the […]Read More
A majority of the chief ministers who interacted with Prime Minister Narendra Modi on Monday wanted the lockdown to continue after May 3 and asked him to adopt a cautious approach while opening it, Puducherry Chief Minister V Narayanasamy said. The chief ministers were unanimous in telling the prime minister that the way the coronavirus […]Read More
Fitch Ratings on Thursday slashed India’s economic growth projections to 0.8 per cent in the current 2020-21 fiscal saying an unparalleled global recession was underway due to disruptions caused by the outbreak of coronavirus pandemic and resultant lockdowns. In its Global Economic Outlook, Fitch Ratings said India’s gross domestic product (GDP) growth will slip to […]Read More