NEW DELHI :India and the UAE concluded a bilateral investment agreement and also signed a framework agreement on the India-Middle East Economic Corridor (IMEC) during Prime Minister Narendra Modi’s two-day visit to the UAE. Modi met with his counterpart, UAE president Mohamed bin Zayed Al Nahyan, on Tuesday for both one-on-one and delegation-level talks. The
“India has achieved a trinity of impossible by enhancing infrastructure investment, supporting inclusive growth and yet maintaining fiscal prudence,” said Nilesh Shah, managing director at Kotak Mahindra Asset Management. Sitharaman spoke extensively about developing India’s air connectivity, citing Indian carriers ordering more than 1,000 aircraft in the recent past, and emphasizing that the “development of
A pedestrian speaks on a mobile phone as he watches a digital screen relaying the budget speech by Indian Finance Minister Nirmala Sitharaman on the facade of the Bombay Stock Exchange (BSE) in Mumbai on February 1, 2021. PUNIT PARANJPE | AFP via Getty Images In a report released Monday, the finance ministry said the
By Una Galani, and Peter Thal Larsen DAVOS, Switzerland (Reuters) – India could ease its heightened scrutiny of Chinese investments if the two countries’ border remains peaceful, a senior Indian official said in the first signal that the four-year-old curbs could be lifted. Border tensions, the biggest irritant to relations between the nuclear-armed Asian giants,
NEW DELHI: India and the US are discussing easier visa access for traders and investors through the E1 and E2 categories, a regime that can be accessed by “treaty” countries, and also looking at a proposal to allow H1B visas holders and their family members to renew their visa in America, without having to come
Trade between India and the UAE surged to US$85 billion last year, and both countries are exploring interoperability between their central bank digital currency (CBDCs) projects. India topped Chainalysis Global Crypto Adoption Index in 2023, and is now the world’s second-largest cryptocurrency market by transaction volume. But the local industry, that has been drying up
MUMBAI: Interest rates on some retail loans, excluding home loans, have started inching up, with several banks revising their marginal cost of lending rate (MCLR). Although banks have linked their home loans to the repo rate (the rate at which the Reserve Bank of India lends), which has stayed the same since February 2023, many
NEW DELHI: For two days in a row, “Lakshadweep” has topped Google searches following Prime Minister Narendra Modi‘s visit to the Union Territory, where he shared stunning photos of the picturesque archipelago.Over 50,000 users searched for it on Google after the Prime Minister said that he is “still in awe” of the “stunning” beauty of
According to the World GDP Ranking 2023, India has surpassed the United Kingdom and France to become the world’s fifth-largest economy. This rapid expansion can be attributed to India’s strong domestic consumption, growing service sector, and rising foreign direct investment. However, despite the fact that India’s economy has risen faster in recent years, there are
India, with its thriving startup ecosystem and growing smartphone and internet penetration, has the potential to position itself as a future crypto hub India’s leading position in grassroots cryptocurrency adoption signals a remarkable trend in the global landscape. While the worldwide pattern indicates a decrease in grassroots crypto adoption, lower middle-income (LMI) countries present a