-TheWire.in * As of last year, financial institutions from India were the third-largest investors out of six countries financing 80% of the world’s coal investments. * A 2021 report found that ICICI, the State Bank of India, Axis Bank, Trust Group and HDFC were among the fourth-biggest group of financiers of coal-based projects worldwide. * Indian commercial banks’ large-scale investment in Big Infra has exposed the Indian people’s savings and personal investments to...
More »SEARCH RESULT
Total Matching Records found : 30
‘Record’ FDI inflows, yes, cause for celebration, no -Biswajit Dhar and KS Chalapati Rao
-The Hindu The inflows during 2020-21 have not been in sync with the Government’s priorities for economic recovery In an otherwise gloomy economic scenario, one area of cheer for the Government has been the numbers on inflows of foreign direct investment (FDI). In a recent press release, the Ministry of Commerce and Industry announced that “India has attracted highest ever total FDI inflow of U.S.$81.72 billion during the financial year 2020-21 and...
More »People's Bank of China acquires stake in ICICI Bank
-The Telegraph Move comes amid the standoff between New Delhi and Beijing in Ladakh and Modi govt tightening its rules on FDI from the country Mumbai: The People's Bank of China (PBOC) — the Chinese central bank — is using the portfolio route to pick up stakes in Indian companies amid the standoff between New Delhi and Beijing in Ladakh and the Modi government tightening its rules on foreign direct investment (FDI)...
More »Why are resident Indians remitting more money abroad than ever before?
-TheWire.in From $1 billion in 2012 to over $13 billion in 2018, higher remittances could indicate greater spending abroad as rich Indians look to diversify or the beginnings of a flight of capital. New Delhi: Indians sent more money out of the country than ever before in July 2019 under the liberalised remittance scheme (LRS), in a development that comes even as the Narendra Modi government looks to attract foreign direct...
More »Spend to grow -C Rangarajan and DK Srivastava
-The Indian Express Government should explore all avenues to expand capital expenditures From a level of 8.1 per cent in the fourth quarter of 2017-18, quarterly GDP growth fell to 5 per cent in the first quarter of 2019-20, a fall of 3.1 percentage points. The slowdown of the Indian economy is no longer in dispute. Thankfully, the government has come out of denial mode. The critical question is: What should...
More »
