New Delhi: Union Finance Minister Nirmala Sitharaman said ‘Foreign investors are showing faith in the Indian economy. That is the reason for the Direct Foreign Investment of $20 billion even during the Coronavirus Crisis.’ Union Finance Minister Nirmala Sitharaman also said ‘The Indian government is committed to making the necessary economic reforms to attract foreign […]
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New Delhi: The States of Uttar Pradesh (UP), Gujarat, Madhya Pradesh (MP), Haryana, Punjab and Himachal Pradesh (HP) have amended the labour laws. This amendment sanctions 12 hours working shift, instead of the current 8 hours, and Karnataka and Assam also have indicated similar changes. These amendments in the state labour laws are considered to […]
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New Delhi: Major countries of the world, disenchanted with China, have started exploring other options for secured investments, and the Indian government is making all possible efforts to make the best of this opportunity. Against this background, a meeting of Ministers of Finance and Commerce along with senior officials was held in the presence of […]
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Moscow/Caracas – The Foreign Minister of Venezuela, Yvan Gil Pinto, currently visiting Russia, has announced de-dollarisation from the ongoing bilateral trade with Russia. Foreign Minister Pinto also clarified that the two countries have agreed on this, and the process of using the national currencies is in the final stages. Besides, Russia has welcomed this and […]
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Washington/Beijing: China, the second largest economy in the world, continues to suffer shocks. Last month, it was revealed that China’s economic growth rate had dropped to 0.4 per cent. After that, international investors are also turning their backs on China. According to a US-based Institute of International Finance (IIF) report, foreign investors withdrew large amounts […]
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United Nations: India attracted $64 billion in foreign investment in 2020. But in 2021, there was a decline of $19 billion and the foreign investment in the country came down to $45 billion. It was being claimed to be a cause of concern in the economy. But despite the fall in foreign investment, India continued […]
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New Delhi: International investors have shown confidence in India despite the dramatic increase in instability and uncertainty due to Coronavirus Pandemic and geopolitical developments. Therefore, in the financial year 2021-22, India recorded a record investment of $83.57 billion. The Ministry of Commerce and Industry announced this. According to the Ministry of Commerce and Industry, foreign […]
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New York – Production in China, considered the world’s factory, has slowed down due to corona pandemic, power shortages and other serious problems. This has led countries worldwide, which depend on China for products and raw materials, to feel the need for a ‘Global Reset’. This means the creation of a new centre of global […]
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Beijing: Despite the coronavirus pandemic, China’s economy was forecast to show a minimal growth while key sectors were said to have gained momentum. However, the projection is believed fake and several Chinese companies have declared bankruptcy or have defaulted on loans. From January to October this year, Chinese state firms defaulted on bonds worth $6 […]
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Bengaluru: ISRO Chief and Secretary in the space department, K Sivan, indicated that foreign companies could get permission to invest in the Indian space sector and to build their own satellite launchpads and ground stations. An announcement in this regard had been made a few months ago, and it was declared that the Indian space […]
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