Twenty seven states opt for centre’s GST Option 1

With Chhattisgarh communicating its acceptance of Option-1 to meet the revenue shortfall arising out of GST implementation, all the states barring Jharkhand have joined the Centre’s suggested formula on compensation settlement. The number of states who have favoured Option-1 has gone up to 27. All states except Jharkhand and all the 3 union territories with

India, US join hands for IP cooperation

India and the US have entered into a Memorandum of Understanding (MoU) in the field of Intellectual Property cooperation. Accordingly, the MoU is expected to facilitate exchange and dissemination of ‘best practices, experiences and knowledge on IP’. Earlier, the Union Cabinet had given the approval for signing the MoU with United States Patent and Trademark

New highs in FII, FPI show growth: Fin Min

The Finance Ministry has laid down the growth numbers in foreign institutional investment (FII), foreign portfolio investments (FPI) and corporate bond issuances to show a positive momentum in the Indian economy. “The Indian growth story continues to expand as is demonstrated by the trends in FPI, FDI and Corporate Bond Market flows that indicate and

Expectations high for RBI to retain Accommodative Stance: Poll

“Considering that CPI inflation remains at an elevated level, the MPC is likely to continue with the pause in the rate. With real interest rates are already in the negative zone, the space for rate reduction is limited at present,” says Brickwork Ratings’ Chief Economic Advisor M. Govinda Rao said…reports Rohit Vaid Faster-than-anticipated economic recovery

India’s Port Sector In Path of Recovery: Ind-Ra

India’s port volumes are yet to recover fully from the Covid-19 pandemic-induced trends such as shortage of containers amid a demand-supply imbalance, says India Ratings and Research (Ind-Ra). In a report on India’s logistics sector, the ratings agency said that in October 2020, India’s port volumes continued the recovery momentum with a month-on-month (MoM) increase

DBS group to infuse Rs 2,500 Cr to LVB Soon

Lakshmi Vilas Bank (LVB) is now amalgamated with DBS Bank India Limited (DBIL), the wholly owned subsidiary of Singapore-based DBS Group Holdings Ltd. In a statement on Monday, DBS Bank said that the scheme of amalgamation is under the special powers of the Government of India and Reserve Bank of India under Section 45 of

Positive trends expected to boost equity markets

Faster-than-anticipated economic recovery along with likely continuation of accommodative monetary stance will support the domestic indices’ expected northward trajectory during the week ahead. However, spurts of likely profit bookings coupled with expensive propositions as well as any delay in anti-Covid vaccine rollout might arrest the potential up move. “Equity markets could open higher on Tuesday,

DIFC and FinTech-Aviv join hands for innovation

DIFC FinTech Hive, the largest financial technology hub in the Middle East, Africa and South Asia (MEASA) region, part of Dubai International Financial Centre (DIFC), has signed a landmark agreement with Israel’s FinTech-Aviv. FinTech Aviv was established in 2014 and serves the needs of the Israeli FinTech ecosystem and counts more than 6,000 startups and

India’s Q2 FDI inflows touch $28.10 Bn

The total foreign direct investment (FDI) during the second quarter of financial year 2020-21 stood at $28.10 billion, out of which FDI equity inflows were $23.44 billion. “This takes the FDI equity inflows during the financial year 2020-21 up to September 2020 to $30,004 million, which is 15 per cent more than the corresponding period

India’s Q2 FDI inflows touch $28.10 Bn

The total foreign direct investment (FDI) during the second quarter of financial year 2020-21 stood at $28.10 billion, out of which FDI equity inflows were $23.44 billion. “This takes the FDI equity inflows during the financial year 2020-21 up to September 2020 to $30,004 million, which is 15 per cent more than the corresponding period