Category: Economy

India, China to form “oil buyers’ club” to counter OPEC price monopoly

Dharmendra Pradhan is one of the most shrewd executives in the country. As Minister of Petroleum and Natural Gas, he has given some of the most innovative and out of the box solutions to long-held problems of India. Just a few months after joining the ministry, he took the bold decision to link the petroleum […]

China’s pollution curbs, government’s Infra push make Indian industries among most profitable

The combined effect of curbs on pollution in China and India’s aggressive push to boost its infrastructure sector has made Indian industries (Electricity, steel, coal, cement) and their accessory (cable, wire, graphite) companies among the most profitable in the world. Gopal Agrawal, Chief Investment Officer at Tata Asset Management Ltd said “Of the 15 best-performing […]

Asset Reconstruction Companies under NIIF to help resolve issue of Non Performing Assets

The process for the resolution of Non-Performing Assets (NPA)  may get faster as the banks are trying to get an Asset Reconstruction Company (ARC) on board to solve this problem. The ARC is expected primarily deal with Micro, Small and Medium Enterprises’ (MSMEs) NPA problem, for which there are no takers. An ARC is a […]

Not my fault: Videocon founder blames Supreme Court, PM Modi, Brazil for company’s losses.

Venugopal Dhoot, whose company Videocon Industries is sitting on a debt pile of 39 billion rupees ($579 million) has blamed PM Modi, Supreme Court of India and Brazil for his bad debt. The Videocon group’s core areas of business are consumer electronics and home appliances. It is one of the largest manufacturers of Cathode Ray […]

India should take a leaf out of Trump’s book and renegotiate the unfair SAFTA

There was a bipartisan consensus on free trade for almost three decades since the 1980s. The number of bilateral and multilateral Free Trade Agreements (FTAs) have grown exponentially in the previous decades. The global ride on free trade got a break in the last few years with protectionist leaders such as Donald Trump at the […]

India becomes ideal destination for investors as emerging markets hit by global trade wars

In the midst of global turmoil in emerging markets, India has now become the ideal destination for investors. A rise in the dollar has led to problems in emerging markets as the US dollar has risen almost 4 percent in the last three months. Therefore, other currencies are facing depreciation in their values. The value […]

Government to bring amendments in GST during the Monsoon session, aims to simplify the filing process.

GST is most comprehensive indirect tax reform in the country since the independence but the government and economists agree that it is not a perfect system. Some changes will always be needed in GST law to keep it relevant to the needs of business community. The government is set to table amendments to goods and […]

India refuses to be part of China-led OBOR during SCO summit.

India refused to endorse the One Belt One Road (OBOR) initiative by China at the end of the two-day summit of Shanghai Cooperation Organization (SCO). The SCO is a political, economic and security organization of eight countries neighboring China. The countries Russia, Pakistan, Kazakhstan, Uzbekistan, Kyrgyzstan and Tajikistan released a declaration “reaffirming their support for […]

President Trump is winning the trade wars.

US President Donald Trump vowed to teach China a lesson for its shrewd trade and monetary policies while campaigning for 2016 presidential elections and after being elected as president he has done the same. He is known for his anti-free trade, anti-immigration, anti-liberal, and anti-bureaucratic policies. He told the media during the campaign that America […]

Modi government appoints task force to crackdown on shell companies

Shell companies have been a big issue for governments in the country for a long time. Shell companies are non-trading companies which are used for various financial transactions and kept dormant for future use in any other capacity. Shell companies are used for tax evasion and money laundering by big industrialists. Previous governments took some […]

Indian Telecom industry heading towards tough battle for market share between the Big Three

Unlike the American context where we used to hear ‘Big Three, Big Five, and Big Six’ for American entertainment industry, oil and gas industry, steel industry and finance industry, this trend was never there in India as most of the industries in the country were well diversified with many small players operating in the market. […]

Railway Ministry makes Rs 42 Crores from ticketless travellers in merely a month

The Indian Railway is the lifeline of India. In a country that is so vast and diverse, railway unites us by making it easier for us to travel through the length and breadth of the country. The India Railway manages the fourth largest network in the world, carrying 8.26 billion passengers and transports 1.16 billion […]
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