The Indian Government announced that the Defence Procurement Procedure has been changed to favour the indigenisation and domestic manufacturing of defence goods
Recently the Government of India and the World Bank have signed an US $50 million credit for the Nai Manzil scheme which is a minority education and training scheme. The credit for the scheme will be given by the World Bank’s concessionary lending arm that is the International Development Association (IDA). The help would be in the form of a loan. The loan will carry maturity of 25 years which will include a 5-year grace period as well.
This is a move which RBI and many experts think is aimed at lowering the borrowing costs at a time when lenders are reluctant to do so. Or in technical terms to smooth out the Monetary Policy Transmission in the economy.
to protect the steel industries in India from the lower priced steel imports, the central government has imposed an Anti Dumping Duty on the imported steel ranging from 5 to 57% on import of cold-rolled flat products of stainless steel for five years
Prime Minister Narendra Modi at the ASEAN summit in Kuala Lumpur told that ” Most of the ASEAN economies have […]
In a report titled India Outlook: Searching for Potential, Moody’s Analytics said for the country to reach its growth potential […]
On November 5 Prime Minister Narendra Modi will announce the Gold Monetisation Scheme in India. On this the RBI has issued the […]
In the recent monetary policy released by European Central Bank (ECB) the ECB has kept the parameters of Monetary Easing unchanged […]