Economy

Indian economy projected to grow 7.6% in 2018-19: UN

Data       May 17, 2018

  India's economy is projected to grow 7.6 percent in fiscal year 2018-19, remaining the fastest growing economy in the world, as robust private consumption and benefits from past reforms help the country's GDP gain momentum but sustained recovery in private investment remains a crucial challenge,...

Domestic air passenger volume surges 26% in April to 11.51mn

Data       May 17, 2018

  Domestic air passenger volume surged 26 percent in April to 11.51 million over the year-ago period driven by the tourists season, which began from the previous month, according to DGCA data released today.   Indian carriers together flew 11.51 million passengers in April this year as...

FPI inflows falls to $2.2 billion QoQ in March quarter

Data       May 15, 2018

  Continuing their buying spree in the March quarter, foreign investors pumped in USD 2.2 billion in the Indian equity market on hopes of better corporate earnings, promising economic data and buoyant global markets.    The net inflow by foreign portfolio investors (FPIs) was USD 2.6 billion...

Uneasy,pessimistic,and concerned:Deloitte Millennial Survey

Articles       May 15, 2018

  NEW YORK: Following a year marked by significant geopolitical and social change, millennials and Gen Z are sounding the alarm for businesses to step up their efforts to make a positive impact on the broader world, according to Deloitte’s seventh annual Millennial Survey. Although some...

Indian aviation sector will see Rs 1 lakh cr investment in 5 years: Jayant Sinha

Indian News       May 03, 2018

  New Delhi: The aviation sector in India, currently growing at nearly 28 percent, will see an investment of close to Rs 1 lakh crore in the next five years for capacity augmentation and development of new greenfield airports, Minister of State for Civil Aviation Jayant...

Cabinet nod to amend a law for faster disposal of commercial disputes

Indian News       May 02, 2018

  New Delhi: Seeking to improve India's ranking in the ease of doing business index, the government today approved an ordinance to amend a law for the faster disposal of commercial disputes.   Law Minister Ravi Shankar Prasad told reporters here that the Union Cabinet approved an...

Cashback to businesses, price benefit to consumers for digital transactions on anvil

Indian News       Apr 29, 2018

  NEW DELHI: The government is working on a proposal to incentivise digital transactions by providing cashbacks to businesses and price benefits to consumers, a source said. As per the proposal being worked out by the Revenue Department, consumers paying through the digital mode would be...

Insurers Fear U.S. Economic Slowdown, Inflation: Goldman Sachs

International News       Apr 27, 2018

  Goldman Sachs Group Inc.’s asset-management unit, which oversees $250 billion for insurers, said an economic slowdown in the U.S. is the biggest investment risk for the industry for the first time since the financial crisis.   “Insurers expressed a growing consensus that we are in the...

India key market for private equity, venture capital tech activity: Report

Data       Apr 26, 2018

  India is one of the key markets for investors looking to capitalize on the fast-evolving tech sector as it has accounted for 56 per cent of deal value of the total PE and VC tech activity in the Indian and Southeast Asian markets since 2015,...

Gender inequality could be costing Asia Pacific $4.5 trillion: McKinsey

Articles       Apr 26, 2018

  It might be the most dynamic region in the world but the Asia Pacific isn’t meeting its economic potential, and some of that has to do with gender equality, according to the McKinsey Global Institute.   Targeted policies to achieve more women’s equality in Asia-Pacific economies...

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