Latest on Trade - Economics — - The Indian Panorama

China ‘Silk Road’ project in Sri Lanka delayed

Feb 17, 2017 - 8:19 pm EST @theindpanorama 0

China will delay a planned $1.1 billion investment in a port on its modern-day “Silk Road” until Sri Lanka clears legal and political obstacles+ to a related project, sources familiar with the talks said, piling […]

Ambani terms Donald Trump “a blessing in disguise for India”

Feb 16, 2017 - 8:52 am EST @theindpanorama 0

Donald Trump’s executive order on #TravelBAN may have left the US and the world shocked, but India’s richest businessman believes the new US president may be good for the world’s fastest-growing major economy. “Actually, Trump might […]

USCIS to increase scrutiny of Indian IT firms, L-1 visa holders will be under the scanner

Feb 10, 2017 - 4:19 pm EST @theindpanorama 1

WASHINGTON, DC (TIP) – US is getting ready to crack down on the number of foreign workers brought into the country with L-1 visas over the course of this year, meaning that Indian IT companies […]

How corporate India reacted to Arun Jaitley’s budget speech

Feb 3, 2017 - 7:41 pm EST @theindpanorama 0

NASSCOM: The Union Budget 2017 reinforces government’s reliance on technology for achieving development goals, as it focuses on Infrastructure and empowering startups and SMEs, although IT industry expectations on facilitative proposals remain largely unmet… The […]

Key Figures From Budget 2017 : Snapshot

Feb 3, 2017 - 7:33 pm EST The Indian Panorama Staff - TIP Bureau 0

Snapshot Total expenditure of budget 2017-18 is 21.47 lakh crore Fiscal deficit at 3.2 per cent of GDP for year starting April 1. Remain committed to achieve 3% in following year Defence Expenditure excluding pensions […]

Here are the winners and losers – Indian Union Budget 2017

Feb 3, 2017 - 7:25 pm EST @theindpanorama 0

MUMBAI (TIP): India‘s annual budget is one of the nation’s most closely watched events-not just for the numbers, but for the political message during a speech that runs for about 90 minutes. The thrust of […]

UNION BUDGET 2017 – CIGARETTES, TOBACCO, MOBILES ASSEMBLED IN INDIA TO TURN DEARER

Feb 3, 2017 - 6:38 pm EST @theindpanorama 0

PARTS USED FOR MANUFACTURING OF LED LIGHTS WILL ATTRACT BASIC CUSTOMS DUTY 5 PER CENT AND CVD OF 6 PER CENT FROM NIL EARLIER NEW DELHI (TIP): Smokers and tobacco consumers will have to pay […]

Finance Minister Arun Jaitley holding a briefcase of budget papers, with his colleagues and staff before going in to the Parliament to present the budget

Indian Union Budget 2017 Presented – Finance Minister unveils series of post-demonetization digital reforms

Feb 3, 2017 - 11:02 am EST @theindpanorama 0

NEW DELHI (TIP): In a pre-election Budget aimed at softening the demonetization blow, Finance Minister Arun Jaitley on February 1 halved the basic income tax rate to 5 per cent and lowered the rate for […]

SBI STARTS NEW YEAR WITH RATE CUT WAR

Jan 6, 2017 - 4:53 pm EST @theindpanorama 0

NEW DELHI (TIP): State Bank of India on Jan 2 (Monday) unleashed a rate war by cutting its home loan rates by 0.9%, betting big on mass migration from other banks, while also maintaining the […]

Chided by Donald Trump, Ford scraps Mexico factory, adds Michigan jobs

Jan 6, 2017 - 4:51 pm EST @theindpanorama 0

FLAT ROCK (TIP): Ford Motor has scrapped a planned Mexican car factory and added 700 jobs in Michigan following criticism by Donald Trump, as the US president-elect turned his attention toward rival General Motors Co […]

SPICEJET, INDIGO RAISE RED FLAG OVER FDI NORMS

Jan 6, 2017 - 4:48 pm EST @theindpanorama 0

NEW DELHI (TIP): IndiGo and SpiceJet have raised “security” concerns over the government’s decision to allow 100% foreign ownership by non-airline players in the Indian carriers. SpiceJet CMD Ajay Singh and IndiGo president Aditya Ghosh […]

HOW INDIA LOBBIED MOODY’S FOR RATINGS UPGRADE, BUT FAILED

Dec 23, 2016 - 7:41 pm EST @theindpanorama 0

NEW DELHI (TIP): India criticised Moody’s ratings methods and pushed aggressively for an upgrade, documents reviewed by Reuters show, but the US-based agency declined to budge citing concerns over the country’s debt levels and fragile […]

China tycoon Cao Dewang moves jobs to US, citing high taxes at home

Dec 23, 2016 - 7:40 pm EST @theindpanorama 0

SHANGHAI (TIP): A Chinese auto glass tycoon has caused a stir by shifting part of his empire to the United States and setting up a factory in Ohio, citing high taxes and soaring labour costs […]

CHINA CURRENCY DIPS TO LOWEST LEVEL VERSUS DOLLAR IN EIGHT YEARS

Nov 26, 2016 - 12:58 pm EST @theindpanorama 0

BEIJING (TIP): China‘s central bank set the value of the yuan at the currency’s lowest level against the US dollar in more than eight years on Friday. The “parity rate” for the yuan, also known […]

Tata JLR to create thousands of jobs in UK

Nov 26, 2016 - 12:57 pm EST @theindpanorama 0

LONDON (TIP): In a major boost to Brexit-hit UK, Tata Motors’ owned Jaguar Land Rover today announced ambitious investment plans leading to the creation of thousands of jobs in the country as part of its […]

Modi May Need Six More Months to Replace India’s Junk Bills: Economist Saumitra Chaudhuri

Nov 19, 2016 - 11:14 am EST @theindpanorama 0

One estimate pegs May 2017 as date when bills will be replaced; Deutsche Bank says crunch to cut 50bps from Oct-Dec GDP growth NEW YORK (TIP): For Indians expecting respite from the government’s clampdown on […]

Nassau County Comptroller George Maragos says he wants to save tax payer's dollars

Maragos Calls for 3.8% Expense Cuts in 2017 Budget to Save $82M

Nov 4, 2016 - 5:10 pm EDT @theindpanorama 0

MINEOLA, NY (TIP): Nassau County Comptroller George Maragos advised the Administration and the Legislature, October 28, to cut 3.8%or $82.6 million from the proposed $3 billion 2017 budget to avoid raising fees. This can be […]

Indian Air Force gets Rafale edge

Sep 27, 2016 - 11:07 am EDT @theindpanorama 0

In a major boost to the Indian Air Force, India has signed a formal agreement with France to buy 36 Rafale fighter jets for $8.7bn, in a major defense deal. The deal was signed by […]

Bhattacharya, Kochhar among most powerful women outside US

Sep 16, 2016 - 7:02 am EDT @theindpanorama 0

New York, Sep 13 – Indias top women bankers, SBI chief Arundhati Bhattacharya, ICICI head Chanda Kochhar and Axis Bank CEO Shikha Sharma, are among the 50 most powerful women based outside the US, according […]

India’s Telecom Industry set for a BIG change with JIO’s entry & RCom- Aircel Merger

Sep 16, 2016 - 7:01 am EDT @theindpanorama 0

Reliance Communications has finally announced its long-awaited merger with unlisted telecom operator Aircel. It is said to be one of the biggest mergers of the telecom sector. The pressure in the telecom sector has already […]

Obama said sanctions would be lifted during talks with Aung San Suu Kyi at the Oval Office [Carlos Barria/Reuters]

US lifts Myanmar trade sanctions

Sep 15, 2016 - 8:50 am EDT @theindpanorama 1

President Barack Obama announced that US economic sanctions against Myanmar will be lifted, and trade preferences reinstated to provide duty-free treatment for goods from the Asian nation. Yesterday’s (09/14/2016) meeting in Washington was the first by Aung San […]

RAGHURAM RAJAN WARNS AGAINST LOW RATES WORLDWIDE

Sep 9, 2016 - 6:15 am EDT @theindpanorama 0

MUMBAI (TIP): Three years before the 2008 global financial crisis, an Indian economist named Raghuram G Rajan+ presciently warned a skeptical audience of top economic thinkers that excessive risk threatened the entire global financial system. […]

India is the world’s fastest growing major economy

Sep 7, 2016 - 11:38 am EDT @theindpanorama 0

Gross domestic product growth dipped to 7.1% in the quarter ended June, a disappointing performance but one that still trumps the 6.7% posted by China in its most recent quarter. The slowdown comes as unease […]

US trade deficit hits $44.5 billion, biggest in 10 months

Sep 2, 2016 - 4:28 am EDT @theindpanorama 0

WASHINGTON (TIP): The US trade deficit increased to the highest point in 10 months, driven up by a big rise in imports of oil and Chinese-made computers, cell phones and clothing. The deficit rose to […]

China ‘worst abuser’, ‘currency manipulator’: Donald Trump

Aug 26, 2016 - 8:31 am EDT @theindpanorama 0

WASHINGTON (TIP): Calling China the “worst abuser” and “currency manipulator”, Republican presidential candidate Donald Trump warned that if elected+ , he will identify all countries violating trade agreements and take serious actions against them. The […]

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