User: ifinews Topic: IFIs
Category: adb :: india
Last updated: Jan 19 2018 16:34 IST RSS 2.0
 
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Local politics major roadblock for regional trade, cooperation, says Ex ADB official 19.1.2018 General News
Regional trade and cooperation between neighbouring countries is adversely affected due to local politics, said Rajat Nag, economist and former Managing Director-General, Asian Development Bank, India.
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India Ratings projects GDP growth at 7.1% next fiscal; says GST, insolvency law major drivers for economy 18.1.2018 Latest News India on Firstpost
India Ratings GDP projection is a tad lower than 7.4 percent estimated by Asian Development Bank and International Monetary Fund for next fiscal
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FY'19 growth at 7.1%, Budget unlikely to be populist: Ind-Ra 18.1.2018 General News
India's economic growth is set to bounce back to 7.1 per cent next fiscal, from the estimated 6.5 per cent in 2017-18, aided by robust consumption demand, rating agency Ind-Ra said today. Ind-Ra, an affiliate of US-based Fitch, said it expects greater allocation of funds to farm and rural sectors in 2018- 19 Budget, which is unlikely to be a populist one despite the impending 2019 general election. In its outlook for 2018-19, the agency projected average retail inflation at 4.6 per cent and said inflation trajectory has reversed on rising commodity, especially crude oil prices. "Days of RBI reducing rate are over. Now the question is when it will raise rates. However, they will wait for 6-8 months before raising policy rates to better gauge the inflation trajectory," India Ratings & Research (Ind-Ra) Principal Economist Sunil Kumar Sinha told reporters here. The 7.1 per cent gross domestic product (GDP) growth projected for 2018-19 is a tad lower than the forecast of .
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India Ratings projects economic growth at 7.1% next fiscal 18.1.2018 Deccan Herald - Business
India Ratings and Research today projected the countrys economic growth to improve to 7.1 percent next fiscal from 6.5 percent this year, buoyed by robust consumption demand. In its outlook for 2018-19, the agency said there will be a gradual pick up in growth momentum owing to structural reforms like GST and Insolvency and Bankruptcy Code (IBC) in place. "While the implementation of GST is likely to benefit the economy over the medium to long-term, the same cannot be said about the impact of demonetisation," India Ratings & Research (Ind-Ra), a subsidiary of Fitch Ratings, said. Ind-Ra expects gross domestic product (GDP) to grow 7.1 percent year-on-year in 2018-19, it said. The projection is a tad lower than 7.4 percent growth estimated by Asian Development Bank (ADB) and International Monetary Fund (IMF) for next fiscal. Ind-Ra said but for demonetisation and Goods and Services Tax (GST) implementation, growth would not have decelerated to 7.1 percent in 2016-17 and 6.5 percent in 2017-18. With the ...
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Indian economy to grow at 7.1% in FY19 led by low commodity prices: Ind-Ra 18.1.2018 All Economy & Policy Stories
India Ratings and Research today projected the country's economic growth to improve to 7.1 per cent next fiscal from 6.5 per cent this year, buoyed by robust consumption demand and low commodity prices. In its outlook for 2018-19, the agency said there will be a gradual pick up in growth momentum owing to structural reforms like GST and Insolvency and Bankruptcy Code (IBC) in place. "While the implementation of GST is likely to benefit the economy over the medium to long term, the same cannot be said about the impact of demonetisation," India Ratings & Research (Ind-Ra), a subsidiary of Fitch Ratings, said. Ind-Ra expects gross domestic product (GDP) to grow 7.1 per cent year-on-year in 2018-19, it said. The projection is a tad lower than 7.4 per cent growth estimated by Asian Development Bank (ADB) and International Monetary Fund (IMF) for next fiscal. Ind-Ra said but for demonetisation and Goods and Services Tax (GST) implementation, growth would not have ...
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India Ratings projects economic growth at 7.1% next fiscal 18.1.2018 General News
India Ratings and Research today projected the country's economic growth to improve to 7.1 per cent next fiscal from 6.5 per cent this year, buoyed by robust consumption demand and low commodity prices. In its outlook for 2018-19, the agency said there will be a gradual pick up in growth momentum owing to structural reforms like GST and Insolvency and Bankruptcy Code (IBC) in place. "While the implementation of GST is likely to benefit the economy over the medium to long term, the same cannot be said about the impact of demonetisation," India Ratings & Research (Ind-Ra), a subsidiary of Fitch Ratings, said. Ind-Ra expects gross domestic product (GDP) to grow 7.1 per cent year-on-year in 2018-19, it said. The projection is a tad lower than 7.4 per cent growth estimated by Asian Development Bank (ADB) and International Monetary Fund (IMF) for next fiscal. Ind-Ra said but for demonetisation and Goods and Services Tax (GST) implementation, growth would not have ...
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ADB invests $50 mn in True North to support mid-market biz 16.1.2018 General News
The ADB today said it has invested USD 50 million in True North VI LLP (True North VI) to provide equity capital to middle-market companies in India embarking on their next phase of growth. True North was established in 1999 (as India Value Fund) with a view to investing in mid-sized, India-centric businesses. "Through its investment in True North VI, ADB will support market leading businesses in India that require sophisticated funding solutions to realise their growth plans," said Janette Hall, ADB's Director of the Private Sector Investment Funds and Special Initiatives Division. True North VI is a closed-end private equity fund that aims to make up to 10 equity investments between USD 50-150 million each in financial services, healthcare, and consumer sectors. True North may also target investments in technology products and services companies, Manila-headquartered Asian Development Bank (ADB) said in a statement. Mumbai-based True North has launched five separate ..
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BBIN Motor Vehicles Agreement Regains Momentum 15.1.2018 General News
The landmark MVA was signed by Transport Ministers of the BBIN countries in Thimphu, Bhutan on 15 June 2015. Trial runs for cargo vehicles under the MVA were conducted along the Kolkata-Dhaka-Agartala and Delhi-Kolkata-Dhaka routes in the past. The trials were successful in establishing the Agreement's economic benefits. Bangladesh, India, and Nepal have already ratified the MVA and have agreed to start implementation of the MVA among the three signatory countries, with Bhutan joining after it ratifies the Agreement.
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BBIN Motor Vehicles Agreement Regains Momentum Bangladesh, India and Nepal agree on operating procedures for movement of Passengervehicles More trial runs to be conducted for cargo vehicle mo 15.1.2018 General News
BBIN Motor Vehicles Agreement Regains Momentum
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BBIN pact:India, B'desh, Nepal okay vehicle movement procedure 15.1.2018 General News
Bangladesh, India and Nepal have given nod to operating procedures for movement of passenger vehicles in the sub-region under BBIN Motor Vehicles Agreement, the government said today. For seamless flow of passenger and cargo traffic in the region, Bangladesh-Bhutan-India-Nepal (BBIN) Motor Vehicles Agreement (MVA) was signed by the transport ministers of the BBIN countries in Thimphu, Bhutan on June 15, 2015. However, Bhutan could not ratify it later. "Bangladesh, India and Nepal have agreed on the text of the operating procedures for passenger vehicle movement in the sub-region under the BBIN MVA signed in June 2015, and will soon complete the internal approval processes for signing of the passenger protocol," Ministry of Road Transport and Highways (MoRTH) said in a statement. It said the participating countries have also agreed to conduct more trial runs for cargo vehicles under the agreement during a high-level meeting of officials of the three countries for ...
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India gives Asian Financial Forum a miss, for Davos 15.1.2018 General News
India is missing at the Asian Financial Forum (AFF) event here, ostensibly because its ministers and officials have opted for the World Economic Forum (WEF) at Davos in Switzerland later this month, an official said.
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Asian Financial Forum to focus on global economy 14.1.2018 General News
The 11th edition of Asian Financial Forum beginning here on Monday would focus on the state of global economy in 2018 and how Asia fares in it, an official said on Sunday.
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Take a grain check: There’s more to the Indian diet than polished rice and wheat 12.1.2018 Hindu: Agriculture
It is now forgotten that before the Green Revolution, millets made up 40% of all cultivated grains
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Bengal needs accelerators to give fillip to start-up: Experts 12.1.2018 General News
West Bengal needs early stage investors and accelerators to provide a big fillip to the start-up culture in the state, according to experts and leading venture capitalists. They feel the start-up eco-system in West Bengal was yet to gather steam when compared to other cities like Bangalore, Pune, Mumbai and others. In a seminar organised by Brandshoots Ventures here today, Ajay Lakhotia, partner of Fosun Capital, said although there were angel investors here, the state lacked end-to-end start-up eco-system. Fosun Capital has a fund of USD 850 million India Fund dedicated to start-ups. Girish Shivani, executive director and fund manager of Your Nest, said that the start-up culture has not been developed in the state so far.
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ADB Sells Dual-Tranche $3.75 Billion 3-Year and $1.5 Billion 10-Year Global Benchmark Bonds 12.1.2018 General News
ADB marked a strong start to the New Year with this pair of global dollar benchmarks in our core market topping off a fortnight of benchmark issuance across other non-core currencies including Australian dollar, New Zealand dollar, and pound sterling, said ADB Treasurer Pierre Van Peteghem. Not only were we able to print ADB's largest trades in a single outing, but the combined orderbook represented the largest-ever level of subscription we have seen to date.
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India has enormous potential, says World Bank, projects 7.3% growth in 2018 10.1.2018 Top Stories
India, despite initial setbacks from demonetisation and GST, is estimated to have grown at 6.7 per cent in 2017
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CAG raps money erosion in commissioning and operation of Kudankulam plant 27.12.2017 All Current Affairs Stories
Implementation of the first two units of the Kudankulam Nuclear Power Project in Tamil Nadu, by Nuclear Power Corporation of India (NPCIL) had several deficiencies, says the office of the Union comptroller and auditor-general (CAG).That included avoidable payment of interest on borrowings, non-transparency in availing of loans to the tune of Rs 1,000 crore from HDFC, lapses in rate fixation and undue benefits to foreign collaborating partners. All resulting in losses of several thousands of crores.Commercial operation of Unit I was done six months before getting a licnece for regular operation. Schedule dates for completion of the project were repeatedly postponed for both units, due to delayed completion of different activities, many were attributable to Atomstroyexport (ASE), a Russian company. However, there was no revision of schedule in repayment of the Russian credit taken, resulting in start of repayment of Russian credit before revenue generation, causing additional interest ..
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‘Can commit $2 bn in guarantees for India’ 25.12.2017 Hindu: Economy
MIGA’s guarantees can trigger about five times as much in FDI, says its CEO
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HSBC forecasts 7.6% GDP growth for India in FY20 18.12.2017 Business Standard: Economy & Policy
In the medium term, GST alone may add 40 bps to GDP growth through productivity gains, HSBC noted
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Commissioning of city water supply schemes from June next year 18.12.2017 The Assam Tribune
Commissioning of city water supply schemes from June next year
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