Indian News

Coronavirus: Thermal screening of flyers from China begins at 7 airports

Eco/Invest/Demography, Health       Jan 21, 2020

  New Delhi: The Civil Aviation Ministry has directed seven airports including Delhi, Mumbai, Chennai and Kolkata to make arrangements for screening of passengers arriving from China in the wake of outbreak of an infection caused by a new strain of virus there.   Airlines flying in...

Bruce Carnegie-Brown(L), Chairman, Lloyd’s of London handing over the certificate of registration to Prabodh Thakker, Chairman Global Insurance Brokers, in Mumbai

Lloyd's remains bullish on Indian insurance market

Reinsurance       Jan 21, 2020

  Mumbai:  Lloyd’s chairman Bruce Carnegie-Brown has said that India is very important to Lloyd’s business plans,as it represents such a huge opportunity for growth.   The country is now the fastest growing global economy and is forecast to become one the top three economic powers in...

IRDAI postpones implementation Indian Accounting Standard for insurers indefinitely

Eco/Invest/Demography, Regulation       Jan 21, 2020

  Hyderarbad: The Indian Insurance regulator IRDAI on Tuesday has decided to postpone the implementation of Indian Accounting Standard ( Ind-AS). which was supposed to start in 2020-21, indefinitely for the domestic insurance sector.Earlier,IRDAI’s in its circular dated June 28, 2017 had deferred the effective date...

India needs $2.64-trn investment to meet UN's Sustainable Development Goals

  India needs a whopping $2.64 trillion investment to meet the UN's sustainable development goals (SDGs), offering the private sector an investment opportunity of over $1.12 trillion by 2030, according to a report. According to the Standard Chartered SDG Investment Map, the total investment that the...

New law to protect foreign investors to exclude tax demands, reveal documents

Eco/Invest/Demography       Jan 20, 2020

  New Delhi: New legislation will improve protection for foreign investors in India by offering relief from possible policy changes but will uphold the state's right to tax them, according to its draft and government documents seen by Reuters.   The bill also attempts to upgrade India's...

Passengers from China to be screened for pneumonia in Mumbai

Eco/Invest/Demography, Health       Jan 19, 2020

Mumbai:  All incoming passengers from China to Chhatrapati Shivaji Maharaj International Airport (CSMIA) here shall be subjected to a 'thermal screening' to detect novel coronavirus, an official said here on Saturday.   The precaution is being taken in view of the recent outbreak of pneumonia caused...

Investments in equity-oriented MF drop 41% to Rs 75,000 crore in 2019

Eco/Invest/Demography, Wealth Management       Jan 19, 2020

  New Delhi: Investors pumped in nearly Rs 75,000 crore in equity-oriented mutual fund schemes in 2019, a sharp plunge of 41 per cent from the preceding year, mainly hit by extreme market volatility amid slowing economic growth.   Experts, however, are of the view that equity...

FPIs remain net buyers in January despite heightened geopolitical tensions

Eco/Invest/Demography       Jan 19, 2020

  New Delhi: Foreign portfolio investors (FPI) remained net buyers in the Indian capital markets in January so far despite heightened geopolitical tensions between the US-Iran and domestic economic challenges.   According to the NSDL data, a net amount of Rs 10,200 crore was invested into equities...

Union Road Transport and Highways Minister Nitin Gadkari

Goal of making India $5 trillion economy difficult, not impossible: Gadkari

Eco/Invest/Demography       Jan 18, 2020

  New Delhi: Union Road Transport and Highways Minister Nitin Gadkari said on Saturday that the goal of making India a $5 trillion economy by 2024 was "difficult but not impossible".   It can be achieved by increasing domestic production and reducing dependence on imports, he said...

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