India-US trade talks skirt vexed issues including tariff on steel

India-US trade talks skirt vexed issues including tariff on steel

India and the US on Thursday pledged to further boost bilateral trade and investments, as key policymakers and industrialists of both the sides huddled for a commercial dialogue and CEO forum meeting here.However, sources told FE that contentious issues —including India’s concern about the extra tariff levied on steel and aluminium supplies and tightening of […]

Continue Reading
Minding Growth: RBI cuts repo rate by 25 bps — check new rates and inflation forecast

Minding Growth: RBI cuts repo rate by 25 bps — check new rates and inflation forecast

Indicating a greater willingness under new governor Shaktikanta Das to address the objective of growth while being tenacious to the inflation-targeting framework, the Reserve Bank of India (RBI) on Thursday unexpectedly lowered the repo rate by 25 bps to 6.25%, simultaneously enabling with a shift in the monetary policy stance to ‘neutral’ fro‘calibrated tightening’.A 4-2 […]

Continue Reading
Difficult for Modi government to maintain 3.4 per cent fiscal deficit in FY 2020: Moody’s

Difficult for Modi government to maintain 3.4 per cent fiscal deficit in FY 2020: Moody’s

The government will find it difficult to meet the fiscal deficit target of 3.4 per cent in 2019-20 on account on higher spending and low revenue growth, Moody’s Investors Service said. Observing that Indian government’s debt is “stubbornly high” as a percentage of GDP, Moody’s Investors Service Managing Director, Sovereign Risk Group, Gene Fang said […]

Continue Reading
India Inc foreign borrowing trebles to USD 3.81 billion in December

India Inc foreign borrowing trebles to USD 3.81 billion in December

Foreign borrowing of Indian companies nearly trebled from the year-ago period to USD 3.81 billion in December 2018, according to data from the Reserve Bank of India. Of the total fundraising during last month, USD 3.77 billion was mobilised through external commercial borrowings (ECBs) in the foreign markets, while USD 37.04 million was through rupee-denominated […]

Continue Reading

India, China hold talks on providing market access to domestic products

India and China have held wide ranging discussions on various issues, including providing market access to domestic products in the neighbouring country, the commerce ministry said Monday. The meeting was held last week in Beijing between Commerce Secretary Anup Wadhawan and Vice-Minister of General Administration of China Customs (GACC) Zhang Jiwen. Both the countries have […]

Continue Reading