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Tag: India

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India proposes inclusion of Iran’s Chabahar Port in International North South Transport Corridor
“INSTC is an important trade corridor project, wherein India is partnering with 12 countries to establish an economic corridor for the benefit of our peoples. We also welcome the interest of Uzbekistan and Afghanistan to join the multilateral corridor project.… Read full article
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View: By providing entrepreneurs access to geospatial data, India is sitting on data — and economic — riches
This policy change is not just about killing red tape. Instead, it is about the imminent convergence between the physical and digital world that this unshackling has enabled. Something that opens up incredible opportunities. Read full article
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View: India needs to provide clarity on tax issues that could emerge from new social media rules
The IT Ethics Rules state, ‘The significant social media intermediary shall have a physical contact address in India, published on its website or mobile-based internet application or both, as the case may be, for the purpose of receiving the communication… Read full article
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USD/INR: Indian rupee rises for the fourth consecutive day
The USD/INR is falling on Thursday for the fourth consecutive day. It bottomed at 72.58, the lowest level in a week. As of writing, it trades at 72.72 Read full article
6h ago
fxstreet.com
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India honoured to be at forefront of popularising millets: PM Modi
​ A resolution to popularise millets was initiated by India with Bangladesh, Kenya, Nepal, Nigeria, Russia and Senegal and was co-sponsored by over 70 nations. It is aimed at raising awareness about the health benefits of the grain and its… Read full article
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Nineteen Myanmar police seek refuge in India, more expected
There have been several instances recounted on social media of police joining the civil disobedience movement and protests against the junta, with some arrested, but this is the first reported case of police fleeing Myanmar. Read full article
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US does not view its relationships with India and Pakistan as 'zero-sum proposition': Official
India and Pakistan had announced on February 25 that they have agreed to strictly observe all agreements on ceasefire along the Line of Control (LoC) in Jammu and Kashmir and other sectors. Read full article
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African, Caribbean nations support India at WTO on COVID vaccine supplies
During a discussion at the WTO (World Trade Organisation), a group of Latin American member states including Colombia, Costa Rica, Ecuador, Panama and Paraguay have also expressed their concerns on the export restrictions imposed by European Union on COVID-19 vaccines… Read full article
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Julius Baer upgrades India to overweight, sees 15% upside in Sensex
Julius Baer analyst Mark Matthews said an ideal mix of growth and cyclical stocks is recommended to play the strong expected earnings recovery in FY22. Read full article
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USD/INR: Option markets stay bullish over Indian rupee for fourth consecutive day
One-month risk reversals on the Indian Rupee (INR), a gauge of calls to puts, stay negative for the fourth consecutive day, indicating investors are h Read full article
16h ago
fxstreet.com
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Indian cotton prices increase 5% in a month; trade expects upward trend to continue
Traders, millers and brokers are upbeat that the rising trend in cotton prices will sustain in 2021-22 owing to projections of lower sowing in major cotton growing countries such as the United States, Brazil and India. Read full article
03.03.2021
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UNGA adopts India-sponsored resolution declaring 2023 as International Year of Millets
"Delighted that Indian sponsored @UN resolution on 'International Year of Millets 2023' was adopted by consensus in #UNGA this morning. Big step to promote nutritional and ecological benefits of #millets to the world as a key component of food basket… Read full article
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View: India’s ability to globally drive five sunrise sectors holds the key to its sustained growth
Japan, South Korea, Taiwan and later China focused on sunrise sectors, unleashed a wave of reforms and embraced innovation to grow on a sustained basis for long time periods. In India, the key to a disruptive transformation lies in five… Read full article
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NRIs, foreign nationals stranded in India to submit details of double taxation by March 31
In a circular, the CBDT said that if any individual is facing double taxation even after taking into account the relief provided by the relevant Double Taxation Avoidance Agreement (DTAA), he/she may furnish the specified information electronically by 31st March,… Read full article
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Need to ensure India is recognised as a quality conscious nation at global level: Piyush Goyal
"We must work towards ensuring India's recognition at the global stage as a quality conscious country, as a country with which people can do business with the confidence that they will get what we say, they will receive what they… Read full article
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India treads gently on Myanmar despite escalating violence
Two sources aware of the Indian government's position said it is in favour of restoration of democracy in Myanmar and is holding private discussions with the Tatmadaw, or military, which staged the coup on Feb. 1. Security forces have killed… Read full article
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India to commemorate 'Chabahar Day' on Thursday
The virtual event will see the participation of ministers from Afghanistan, Armenia, Iran, Kazakhstan, Russia and the Uzbekistan. Read full article
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Indian companies make a killing in overseas bond market, and how!
The quantum of bond sales, coinciding with a global effort to clamber out of the Covid sinkhole, underscores the undiminished allure of overseas markets for fundraising despite record low interest rates at home. Read full article
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India's services growth at one-year high on boom in domestic demand
The seasonally adjusted India Services Business Activity Index rose from 52.8 in January to 55.3 in February, pointing to the sharpest rate of expansion in output in a year amid improved demand and more favourable market conditions. Read full article
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USD/INR Price News: Indian rupee buyers eye previous hurdles above 73.00
USD/INR holds lower ground near 73.12, down 0.20% intraday, amid the initial Indian session on Wednesday. In doing so, the quote drops for the third c Read full article
2d ago
fxstreet.com
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Stocks in the news: YES Bank, Ircon, Bank of Baroda, Ion Exchange & Indian Bank
Jhunjhunwala and his firm Rare Investments offloaded shares worth nearly Rs 65 crore in Ion Exchange India, through open market transactions. Read full article
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1 billionaire every 10 days: India’s ’20 count
There are now 209 Indian-origin billionaires, of which 177 are Indian residents. The total list, which continues to be topped by Mukesh Ambani and Gautam Adani, has 50 fresh additions and 10 dropouts. Read full article
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Large Chinese FDI only in sectors critical for India
India had in April last year amended the foreign direct investment (FDI) policy and made a prior government nod mandatory for foreign investment from countries sharing a land border with it, a measure that was largely seen targeted at Chinese… Read full article
02.03.2021
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View: The good, the not-so-good and the bad in India's new social media rules
The Intermediary and Digital Media Ethics Code, 2021, that GoI recently announced is a step in the right direction. It helps users with grievance redressal, fake news and online safety. It increases the onus of accountability on social media platforms… Read full article
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Empty planes flying from India to Saudi Arabia to bring back stranded Indians: Puri
Last month, Saudi Arabia suspended flights from various countries, including India, in the wake of a spurt in coronavirus cases. India suspended scheduled commercial international flight operations from March 23 last year in the wake of the pandemic. Last week,… Read full article
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Sri Lanka approves proposal to develop Colombo WCT with India and Japan
The WCT proposal came after Sri Lanka decided to retract on the previous memorandum of understanding signed in 2019 with India and Japan on the Eastern Container Terminal (ECT). Read full article
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India Inc borrowing costs surge most since 2013 threatening recovery
Investors worried about increased volatility and the ability of the Reserve Bank of India to tame rising yields amid an upswing in rates globally are sticking to shorter tenors. Read full article
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USD/INR Price Analysis: Recovery of the Indian rupee capped by 73.30
The USD/INR is falling on Tuesday on the back of the improvement in risk sentiment. During the last hours, markets across the globe eared losses suppo Read full article
2d ago
fxstreet.com
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India: GDP keeps looking to the pandemic – UOB
UOB Group’s Economist Barnabas Gan gives his views on the recently published GDP figures in India. Key Quotes “India’s GDP expanded 0.4% y/y in the th Read full article
2d ago
fxstreet.com
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Payments by resident Indian end-users to foreign software manufacturers not taxable as royalty: SC
In one of the cases, Engineering Analysis Centre of Excellence Pvt. Ltd, a resident Indian end-user of shrink-wrapped computer software, directly imported from the United States of America. Read full article
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India urges WTO members to reach consensus on TRIPS waiver proposal
In October 2020, India and South Africa submitted a proposal suggesting a waiver for all WTO members on the implementation, application and enforcement of certain provisions of the TRIPS Agreement in relation to the prevention, containment or treatment of COVID-19. Read full article
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Foreign Investors Forum for rationalisation of tax norms for foreign nationals living in India
Under the current Income Tax provisions, the global income of foreigners is taxed if they stay in India for more than 182 days in a year, thus increasing their personal tax liability in the country. This provision acts as disincentive… Read full article
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S&P closely watching Covid-19 spike, reimposition of restrictions in India
Noting that similar situations in other markets have resulted in their economies going ‘back on ice’, the developments in India were especially important considering S&P has flagged the recovery and economic growth as key components to the trajectory of its… Read full article
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India's Feb trade deficit widens to $12.88 billion - trade ministry
Merchandise exports fell 0.25% in February from a year earlier to $27.67 billion, while imports were up 6.98% to $40.55 billion, the data showed. Read full article
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USD/INR Price News: Indian rupee sellers await confirmation of bullish pennant on 4H
USD/INR trims early Asian gains while declining to 73.39 during the initial hour of Indian trading on Tuesday. Even so, the pair portrays a bullish ch Read full article
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'Make in India' campaign epitomises challenges facing US-India trade relationship: USTR Report
In its 2021 Trade Policy Agenda and 2020 Annual Report, the US Trade Representative (USTR) said that during 2020, the US continued its engagement with India to try to resolve longstanding market access impediments affecting US exporters. Read full article
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