Jul 25, 2014 01:32 AM
The Central Bank of Sri Lanka (CBSL) and the Reserve Bank of India (RBI), on Thursday, signed an agreement, enabling the RBI to access the Sri Lankan government securities market, up to a maximum value of $500 million.The CBSL, in turn, will be able to fu
Jul 24, 2014 12:14 PM
The Modi Government set the ball rolling on its first major economic reform on Thursday. The Cabinet Committee on Economic Affairs approved the raising of Foreign Direct Investment (FDI) cap in insurance from 26 percent to 49 percent through the Foreign I
Jul 24, 2014 03:25 PM
The European Central Bank said on Thursday that email addresses and other contact information have been stolen from a database that serves its public website, though it stressed that no internal systems or market-sensitive data were compromised. The secur
Jul 24, 2014 07:00 PM
India on Thursday made a third payment of $550 million to Iran to take the total amount cleared over past one month to $1.65 billion.Indian refiners had paid the first instalment of $550 million on June 26 and second on July 8. After payment of the third
Jul 23, 2014 11:58 PM
India continues to be one of biggest markets for pulses With monsoon playing truant and posing a question mark on the yield of pulses in the kharif season, Canada is positioning itself to meet India’s growing demand for lentils (masoor) and yellow
Jul 23, 2014 06:54 PM
India’s economic recovery is well and truly under way if one were to track the growth of ultra high net worth households/individuals (UHNHs/UHNIs) in India. The number of Indian UHNHs rose 16 per cent to around 117,000 in FY14, according to a repo
Jul 21, 2014 01:16 PM
After missing target in the last financial year, the government on Monday exuded confidence that tax collection during the current fiscal would exceed budget estimate of Rs. 13.64 lakh crore.“Revenue collection targets fixed for 2014-15 will not onl
Jul 20, 2014 10:58 PM
Fortaleza Declaration is the latest evidence in the rise of regional assertion With the advent of Internet, time and distance have become irrelevant. Cross-border communication has turned a lot simpler and easier. The Internet has indeed proved to be an
Jul 20, 2014 08:38 PM
World Bank Group assistance to India between July 2013 and June 2014 amounted to $ 6.4 billion. World Bank Group President Jim Yong Kim will meet Prime Minister Narendra Modi this week to understand his development priorities.Mr. Kim, who arrives in New
Jul 20, 2014 03:07 PM
As India steps up pressure on Switzerland for details of alleged black money stashed there, Swiss authorities have invited Indian officials to Berne to discuss further cooperation in these matters. Besides, Switzerland has already transmitted “few
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