New Delhi: While India’s green economy can support more than a crore jobs by 2035, key challenges, such as women’s lower access to technical education, limited green skilling and a lack of finance and policy related to the green workforce, continue to persist, according to a new report. The report says to build a green…
New Delhi: The World Bank on Tuesday raised India’s GDP growth forecast for the current fiscal to 7.1 per cent, up 0.5 percentage points from its projections in April, supported by robust domestic demand and strong exports, despite global headwinds. India remains one of the fastest-growing major economies in the world and a key contributor…
Mumbai: After nearly three-and-a-half years, the Reserve Bank of India on Wednesday raised key benchmark policy rate by 25 basis points to 5.5 per cent in a bid to tame rising inflation amid the continuing West Asia crisis. With the rate hike, home loans, vehicle loans and corporate loans would become expensive and EMI for…
On 15 August 1971, the United States closed the gold window, ending the convertibility of the dollar into gold at a fixed price and marking the effective collapse of the Bretton Woods system established in 1944. Fifty-five years later, US long-term interest rates have returned to levels last sustained in the early 2000s: the 30-year…
Washington: Canada’s Trade Minister Maninder Sidhu on Friday said he was heading to India later this month with a 300 strong business delegation to explore opportunities across sectors in the world’s fastest-growing markets. Sidhu, who met Commerce Minister Piyush Goyal in Milwaukee on Thursday, said India and Canada will start another round of talks with…
BG Srinivas When Turkey’s financial regulators moved to crack down on a sprawling market-manipulation scheme, they unveiled a staggering web of systemic risk. The numbers behind the investigation are massive: 56 arrests, 131 investment funds frozen or liquidated, $19 billion in assets impacted, and over 455,000 retail investors left reeling. Yet, tucked away inside the…
Washington: Trade Representative Jamieson Greer said he did not think there was “something imminent” on the trade deal with India and the two sides have identified “the universe of items” that are sticking points. Addressing a press conference after the G20 Trade Ministers’ Meeting in Milwaukee on Thursday, Greer said President Donald Trump and Prime…
Mumbai: Chief Minister Devendra Fadnavis on Thursday launched ‘Invest Maharashtra’ platform and said it would work towards making the state a major investment destination in India and globally, with the government taking responsibility for coordinating land, power, infrastructure, approvals and skilled manpower for projects. The government would work in an integrated manner to meet every…
The Nifty has fallen seven weeks in a row. From its January closing high of 26,328.55, it stood at 22,621.30 on 29 September, a 14.1% drawdown. Brent is hovering between $100 and $106. The US 10-year yield sits near 5.24%. The September series alone wiped off 5.67%. The usual explanations are circulating: tax changes, GDP…
Washington: Commerce Minister Piyush Goyal met US Trade Representative Jamieson Greer on the sidelines of the G20 Trade Ministerial in Milwaukee, as part of efforts by India and the US to reach a “balanced and mutually beneficial” trade agreement. The two leaders met on Wednesday as Prime Minister Narendra Modi and US President Donald Trump…
