"Mobilizing Finance for Infrastructure: Innovation and Collaboration" was the theme of 3rd annual meeting of Asian Infrastructure Investment Bank, inaugurated by India’s Prime Minister Narendra Modi in Mumbai, Maharashtra and attended by over 3,000 delegates from 86 member countries. The Meeting had several concurrent sessions that discussed critical ...
Social Media
Category: Economy
Indian Banks Win £1.15 billion Debt Recovery Case against Vijay Mallya in UK
Vijay Mallya Indian liquor baron lost a major lawsuit filed in the United Kingdom by 13 Indian banks including State Bank of India, Bank of Baroda, Corporation Bank, Indian Overseas Bank, Federal Bank Ltd., and IDBI Bank Ltd., to recover over £1.15 billion ($1.55 billion) from him. Judge Andrew Henshaw in London on Tuesday May 8, 2018 refused to overturn a worldwide order freezi...
Economic Center of Gravity Shifted to Asia & the Pacific
Strategy 2030, Asian Development Bank (ADB)'s new long-term corporate strategy to 2030 for expanding its vision to achieve a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, aims to set the course for ADB’s efforts to respond effectively to the region’s changing needs. ADB has been a key partner in the significant transformation of Asia and the Pacific tha...
International Energy Forum for Consensus on Responsible Pricing
“The Future of Global Energy Security – Transition, Technology, Trade and Investment” was the theme of the 16th biennial International Energy Forum Ministerial Meeting (IEF16) hosted by the Government of India with the support of the Peoples Republic of China and the Republic of Korea as IEF16 co-hosts in New Delhi on 10-12 April 2018. India’s Prime Minister Narendra Modi while inaugurating IEF1...
HELP Fast-Tracks Awarding Oil and Gas Exploration Blocks
Hydrocarbon Exploration Licensing Policy (HELP) has undergone a major policy change that now allows Finance and Petroleum Ministers to award Oil and Gas Exploration Blocks to successful biddersafter International Competitive Bidding (ICB) based on the recommendations of Empowered Committee of Secretaries (ECS). This approval for delegating powers was given by Cabinet Committee on Economic Affair...
Regulator to Enhance Confidence in Audit & Financial Disclosures
National Financial Reporting Authority (NFRA), an independent regulator for the auditing profession, establishment has been approved by the Union Cabinet chaired by the Prime Minister Narendra Modi on March 1, 2018. This is one of the key changes brought in the Companies Act, 2013, on the specific recommendations in 21st report of the Standing Committee on Finance. NFRA will oversee t...
Fugitive Economic Offenders to be coerced to Return & Face Law
Fugitive Economic Offenders Bill, 2018 that would help in laying down measures to deter economic offenders from evading the process of Indian law by remaining outside the jurisdiction of Indian courts, proposal of the Ministry of Finance, has been approved by the Union Cabinet chaired by Prime Minister Shri Narendra Modi on March 1, 2018, for introducing to the Parliament. Property of Fugitive E...
Corporate Governance Key to Economic Efficiency & Growth
Mint Corporate Strategy Awards 2018 were given away by the Vice-President M. Venkaiah Naidu on March 23, 2018 in Mumbai with “Corporate Governance” as the theme of the awards. Addressing the gathering Naidu said that Indian corporates need to Reform, Perform and Transform so that they can open up new vistas of global opportunities which would in turn benefit our country and its ...
Startup India
Do you want to start your own business? Don’t have funds to support your vision? Well! You don’t need to ponder upon ways of arranging money any longer as you can easily apply for a loan under the Startup India scheme.
The idea of getting a nine-to-five job and working under someone else may not sound great to a copious of individuals. There might be a craze for government jo...
India’s EBRD Membership to Spur Investment in Range of Sectors
European Bank of Reconstruction and Development (EBRD), the London-based Multilateral Developmental Investment Bank’s Shareholders agreed, as per release dated March 7, 2018, to have India as its 69th member; enabling Indian companies to undertake joint investments in regions in which the EBRD operates. India is expected to join EBRD within the year 2018. India with its impressi...