World Bank cuts Indian GDP growth to 7%
Says reduction in GDP due to ‘unexpected demonetisation’...
Tag : India
‘Demonetisation has not hurt Indian economy’
According to the Finance Minister, the country’s tax figures show little disruption due to the cash crackdown...
India demonetises currency to move away from cash
But this is not the first time a country has opted for demonetisation IFM Correspondent November 11, 2016: In a move that came as a shock, the Indian government banned currency notes of 500 and 1000 denomination rendering them worthless at November 8 midnight. The measure was taken to control fake currency notes and unaccounted...
India withdraws high denomination currency overnight
Aims to counter corruption, counterfeiters and people who avoid taxes IFM Correspondent November 9, 2016: Most of India is confused and in a state of panic after Prime Minister Narendra Modi announced on November 8 that 500 and 1000 rupee notes will no longer be accepted as legal tender. They will be replaced by new...
Things are finally looking up for Asia
Asia has managed to stabilise itself thanks to China’s improved economic performance Suparna Goswami Bhattacharya October 20, 2016: It is the last quarter of the year and things have changed drastically since January for the global economy. Asia, in particular, has witnessed a change in outlook by economists. Back in January, things looked shaky. Chinese...
MYPINPAD expands in Asia and MENA
Smartphone adoption is growing in China, India, Indonesia and Japan August 24, 2016: MYPINPAD, an enabler of multi-factor authentication for touchscreen devices such as smartphones and tablets, has recently channelled efforts to bring its simple, proprietary and customer friendly authentication solution to Asia Pacific and MENA. Following the appointment of seasoned industry executives to lead global...
India clears historic GST Bill
Likely to benefit through growth in investments and revenue August 4, 2016: With the passage of the Goods and Services Tax (GST) Constitutional Amendment of Bill in the Upper House of Parliament on August 4, a decade-long wait finally came to an end. Many term it as the next big reform in India after liberalisation...
India eases FDI norms to boost employment generation
Decision helps government regain investor confidence IFM Correspondent June 22, 2016: The Indian government led by Prime Minister Narendra Modi made sweeping changes to foreign direct investment (FDI) norms announcing easier terms and conditions for investors in sectors ranging from civil aviation to pharmaceuticals. The government has increased sectoral caps, raised limits under the automatic...
Blackburn tops money transfer league in UK
Xpress Money highlights the most popular money transfer corridors in and out of the UK June 14, 2016: Blackburn is the money transfer capital of the UK, according to data from global money transfer experts Xpress Money. The company analysed transactions from thousands of UK customers over one month in 2016. Over double the amount...
World Bank cuts global growth outlook
Move prompted by low commodity prices and sluggish growth in advanced economies IFM Correspondent June 9, 2016: The World Bank has downgraded its 2016 global growth forecast to 2.4 percent from 2.9 percent, which was projected in January. The move was prompted by sluggish growth in advanced economies, low commodity prices, weak global growth and...