Business
India-UK Free Trade Agreement To Be Signed On July 24
NEW DELHI: Commerce and Industry Minister Piyush Goyal will accompany Prime Minister Narendra Modi to London for the signing of the Free Trade Agreement (FTA) on July 24, an official said Monday. Modi will be on a two day visit from July 23 to July 24 on the invitation...
US Team To Visit India In August Second Half For Bilateral Trade Talks
NEW DELHI: A US team will visit India in the second half of August to carry forward the protracted negotiations for the first tranche of the bilateral trade agreement (BTA) between the two countries, official sources said here on Monday. Even as the visit of US negotiators for the...
RBI Seeks To Tighten Norms For Digital Banking
MUMBAI: In a move that could deal a setback to the cross-selling of financial products, the Reserve Bank of India (RBI) has proposed prohibiting banks from displaying third-party products and services on their digital banking platforms. This includes offerings from promoter groups or entities within the bank’s own group....
Official India Jobless Data Is Not Accurate, Say Top Independent Economists: Poll
NEW DELHI: The Indian government’s unemployment data is inaccurate and masks the severity of joblessness and underemployment, according to a Reuters poll of independent economists, several of whom said the true jobless rate is around twice the official figure. India is the world’s fastest-growing major economy at an annual...
Low-Cost Credit Cards For Micro Enterprises On The Cards
NEW DELHI: The government is preparing a scheme under which banks will issue credit cards with a Rs 5 lakh limit to micro enterprises to help them meet immediate working capital needs at affordable interest rates. The scheme will include credit guarantee cover, a first for such a product....
Early Birds Fail To Catch The Worm; Margin Squeeze, Other Income Save The Blushes
MUMBAI: Reliance Industries put up a stellar show in the June quarter but the rest of the early birds — 156 companies have declared their results so far — turned in a rather ordinary performance. Operating margins were under pressure and it is the ‘other income’ that has boosted...
