Mumbai: Startups have welcomed RBI's proposal to start the so-called regulatory sandboxes where they can test out new financial products in realtime with limited regulations, but are wary of some of the eligibility criteria.
In his address to a traders convention in New Delhi recently, Prime Minister Narendra Modi said the implementation of Good and Services Tax (GST) has brought transparency in doing business, ANI reported.
The Indian rupee, which was Asia's best performing currency over the past three months, is back to staring at the psychologically important 70 mark against the US dollar.
The pace at which long-accumulated corporate defaults were getting resolved nder the Insolvency and Bankruptcy Code (IBC) 2016 was too good to believe. We appeared to have found a magic wand to enforce the contractual obligation of debtors and sufficiently empower the creditors.
By Anirban Nag, A panel named by India’s central bank to study its capital structure is likely to identify excess reserves of up to 3 trillion rupees ($43 billion), or 1.5 percent of gross domestic product, according to Bank of America Merrill Lynch.
Mumbai: India’s apparel exports have fallen for two years in a row. Estimated at $16.2 billion in FY19, the country’s apparel exports fell by 1.2% from FY18, which in turn was 4% lower than the previous year.