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Days after tweaking FDI rules, India on Thursday said no country should be worried about the new regulations. China has strongly objected to the change in rules, which makes it mandatory for countries sharing land boundary with India to invest through the government route.

Sri Lanka is set to enter into an agreement with the Reserve Bank of India for a currency swap worth $400 million to boost the foreign reserves and ensure the financial stability of the country which is badly hit by the COVID-19 pandemic, a top minister has said. Cabinet approved the proposal, enabling RBI to … Continue reading Sri Lanka to seek $400m financial facility from RBI

Black Gold has fallen from grace. And How! US crude WTI sank into negative territory for the first time in history at -$37/barrel and Brent, the benchmark for two-thirds of the global oil trade, settled at 18-year low of $21.48 on Tuesday, sending traders and the global oil industry scurrying for cover.

A day after China’s outburst over the change in foreign direct investment policy, India on Tuesday hit back at its neighbour, saying the amendment did not violate any global commitment as it did not bar investments from across the border but only mandated prior screening of proposals.

A South Korean firm has started production of the COVID-19 rapid antibody testing kits in its Indian subsidiary plant to meet the growing demand of the medical equipment in India and other parts of the world, a press release issued by the Indian embassy said on Tuesday.

Paytm has started curbing expenditure amid the pandemic to extend its runway. The e-payments major — India’s most valued startup at $16 billion — has been cutting costs at a rate of 15-20% in the last two months, founder and CEO Vijay Shekhar Sharma told TOI in an exclusive interview earlier this month.

As parts of India stirred to life on Monday amid a conditional easing of the lockdown, confusion prevailed in Delhi and NCR on how to regulate the surge of people and traffic caused by absence of clarity on aspects such as who among the junior central government workforce would constitute one-third of the office turnout … Continue reading Confusion, questions as parts of India return to work

20-30 inke gane release huye hongeItne mein bande crease24 saal ke umar mein main de raha sab ko shotKisi ki umar hai 30 plus..Kulfaa kar ke jao meraa jingle bellMerry Christmas 20-30 inke gane release huye hongeItne me bande crease24 saal ke umar mein main de raha sab ko shotKisi ki umar hai 30-plus..Kulfaa kar … Continue reading HARD Lyrics and Video Song – Emiway Bantai

Former chief economic adviser (CEA) Arvind Subramanian on Wednesday said the GDP (gross domestic product) numbers being projected by the World Bank and IMF (International Monetary Fund) for India are far “too optimistic” and the country would require additional expenditure of Rs 10 lakh crore to bring the coronavirus-hit economy back on track.

More than 20 lakh jobs are at risk in India’s aviation space and dependent sectors in the wake of the coronavirus pandemic, according to global airlines’ grouping IATA. Commercial flight services have been suspended till May 3 as the government has extended the nation lockdown in continuing efforts to curb spreading of coronavirus infection, which … Continue reading Over 20 lakh jobs at risk in Indian aviation: IATA

Alcohol prices in India’s grey market have more than quadrupled and online searches for how to make homemade alcohol have soared during India’s nationwide coronavirus lockdown, with bars and liquor stores shut for weeks across most parts of the country.

India is moving the oil to the SPR to help the country’s refineries reduce their excess crude as the lockdown to contain the outbreak of COVID-19, the respiratory disease caused by the new coronavirus, has dented transportation and industrial fuel consumption in Asia’s third-largest economy.

The International Monetary Fund on Tuesday projected a GDP growth of 1.9% for India in 2020, as the global economy hits the worst recession since the 1930s due to the Covid-19 pandemic that has nearly stalled all economic activities across the world. With this subdued forecast, India is likely to record its worst growth performance … Continue reading IMF projects India’s growth rate at 1.9% in 2020

India has cancelled a repatriation flight that was supposed to be operated by a leading European airline to fly back foreigners home from here. This airline, chartered by its home country to operate a flight from Delhi to its western Europe hub, was found to be selling tickets for the same on its website and … Continue reading EU airline sells tickets for repatriation flight, India cancels it

India on Monday tightened the curbs on import of refined palm oil by putting more conditions for the inbound shipments of the commodity. On Jan 8 the DGTF had imposed restrictions on imports of refined palm oil which made seeking a license for the imports mandatory. Now, the DGFT said “import of refined palm oil … Continue reading India tightens curb on import of refined palm oil

India’s business-to-business commerce startups like Udaan, Jumbotail, WayCool and Ninjacart — which supply groceries and vegetables to tens of thousands of kiranas — are seeing a 40 to 60% spike in demand. The development comes as India’s 12 million neighbourhood kiranas have proved to be a lifeline for general public amidst the lockdown.

With cancellation of over 50% of orders and gloomy forecast for the future, India’s export sector may witness 15 million job losses and rise in non-performing assets (NPAs) among exporting units, said Federation of Indian Export Organisations (FIEO).

A leading consumer durables company has begun sanitising its plant in north India for a possible opening-up after three weeks of lockdown due to the coronavirus pandemic. It is already drawing up a schedule to run the factory with fewer shifts so that the number of workers is lower and social distancing can be maintained.