Ease of Doing Business in India

March 8, 2018

Ease of Doing Business – Ease of doing business is an index published by the World Bank. It is an aggregate figure that includes different parameters which define the ease of doing business in a country. How can we compute this – It is computed by aggregating the distance to frontier scores of different economies. […]

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India remains 12th largest foreign holder of US govt securities; exposure touches $144.7 bn in 2017

March 6, 2018

India’s exposure to US government securities rose sharply to a high of USD 144.7 billion at the end of 2017, according to latest official data. The country remained the 12th largest overseas holder of such securities, just behind oil rich Saudi Arabia, whose holding stood at USD 147.4 billion in December 2017. India has been […]

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RBI deadline ends today: What happens if you fail to complete KYC for Paytm, MobiKwik, other mobile wallets?

February 28, 2018

The Reserve Bank of India (RBI) on Monday denied any extension to the deadline for PPI issuers to complete their full ‘KYC’ process. This means digital wallet users of Paytm, MobiKwik, amongst others will not be able to enjoy the aforementioned apps to its full potential after February 28. As per RBI guidelines, digital wallets […]

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India replaces China as world’s fastest growing economy, GDP growth at 7.2% in Q3

February 28, 2018

The Indian economy grew at 7.2 percent in October-December 2017, and will likely expand 6.6 percent in 2017-18, latest official estimates said on Wednesday, amid strong revival signs in consumption spending and investment activity. The second quarter GDP growth has also been revised to 6.5 percent. The economy is poised to move into a faster […]

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No one is talking about bank privatisation

February 19, 2018

The debt recovery process in the cases of Bhushan Power & Steel Limited, Electrosteel Steels, Essar Steel, and Monnet Steel under the Insolvency & Bankruptcy Code (IBC) is expected to take longer than expected. These firms are among the 12 companies the Reserve Bank of India referred, in June this year, to the National Company […]

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