Delivering a lecture on ” Nepal, India and Neighbourhood:The Promise of Economic Reforms, Innovation and Connectivity” in Kathmandu this evening, Dr. Kumar said India is entering into a period where double digit growth could be achieved. He said Prime Minister Narendra Modi has insisted on converting development into a mass …
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Parliament passes Fugitive Economic Offenders Bill 2018
Parliament has passed the Fugitive Economic offenders Bill, 2018. The Rajya Sabha approved the Bill today. It had already been passed by the Lok Sabha. Government can now attach properties of fugitives who flee the country after committing tax and loan related offences. Finance Minister PiyushGoyal said, the Bill will …
Read More »Cuba economic growth weak, president says, as lawmakers approve new constitution
The new constitution seeks to maintain Cuba’s one-party socialist system but institute a major government reorganisation. It will now be publicly debated through November before submission to a referendum. The government is also attempting to make changes to its Soviet-style command economy, with the goal of creating “prosperous and sustainable” socialism. …
Read More »Chief Economic Advisor Arvind Subramanian resigns due to personal reasons, will move to US
Union Minister Arun Jaitley today said that Chief Economic Advisor Arvind Subramanian will be leaving the finance ministry because of “pressing family commitments” and will return to the US. Subramanian was appointed as CEA to the finance ministry on October 16, 2014, for a period of three years. In 2017 …
Read More »“Plastic pollution is an economic issue and needs to be addressed by every individual”, says Sunil Duggal, CEO Hindustan Zinc
Hindustan Zinc celebrated World Environment Day on the 5th of June, 2018, with an objective to create awareness about how the waste and discarded plastic can be reused gainfully. To mark the World Environment Day, the company organized an exhibition that had various displays of products made out of plastic waste. …
Read More »India, Singapore to upgrade Comprehensive Economic Cooperation Agreement
The two sides concluded the second review of the Comprehensive Economic Cooperation Agreement (CECA) in the presence of Prime Minister Narendra Modi and his Singaporean counterpart Lee Hsien Loong. The review includes expanded tariff concessions for an additional 30 products and improved rules to provide more flexibility for Singapore exports …
Read More »Nirav Modi leaves India: List of other fugitive economic offenders on the run
New Delhi: Billionaire jewellery designer Nirav Modi and the main accused in alleged fraudulent transactions of over Rs 11,400 crore through 150 letters of understanding issued by the Punjab National Bank, left India on January 1. Modi’s leaving the country once again brings to limelight the cases of other economic offenders like …
Read More »Sensex climbs 211 pts on positive economic data points
Mumbai : Driven by strong IIP numbers and an unchanged inflation, the Sensex today rallied over 211 points to 32,393, reflecting interrupted buying by domestic institutional investors. The rupee appreciating 19 paise to 64.89 against the dollar today gave a leg to the rally. The rest of Asia logged a mixed …
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