In harmony with India’s Economic growth, Electronics & Computer Software Export Promotion Council official says Hardware exports are poised to reverse the declining trend of the past few years with a 7-8% growth this fiscal over last year’s $6 billion.
The highest by value of hardware exports for India is $7.2 bn.
RBI has formed a 5-member panel to investigate ways of improving Digital Payments, Identify the current gaps in the ecosystem and suggest ways to bridge them to be chaired by Nandan Nilekani
Nilekani is co-founder and Non-Executive Chairman of Infosys.
India & Norway discussed extensively to collaborate for development of Ocean Economy, achieving Sustainable Development and to Counter Terrorism
Erna Solberg is Prime Minister of Norway.
Attributing it to an upswing in consumption and investment, World Bank estimates India’s GDP growth at 7.3% in fiscal 2018-19, making it fastest growing economy in the world
World Bank publishes Global Economic prospects report.
Standard Chartered report forecasts that by 2020 onwards China will become the largest economy using purchasing power parity exchange rates and nominal GDP and India to surpass US GDP.
US GDP in 2019 stands at $21 trillion and India at $2.6 trillion
Rudratej Singh had joined Royal Enfield in January 2015 to lead the bikemaker’s commercial operations as president. He quit the company with immediate effect.
Eicher Motors is the parent company of Royal Enfield.
Fund managers raised $757 billion in 2018, against a record of $925 billion in 2017, while only 1,733 funds achieved a final close, down by 28% from the 2,410 funds in 2017 according to Preqin report.
Infrastructure funds hit all-time high in 2018 raising $85 bn.
Consortium of banks led by State Bank of India (SBI), proposed a $900 million resolution plan, comprising fresh equity infusion and restructuring of $450 million of its loans for beleaguered Jet Airways.
Jet Airways is Mumbai based Indian International Airline.
Essar Global Fund Ltd. repaid a debt of ₹12,000 crore to its various Indian and foreign lenders in addition to the ₹30,000 crore that it had repaid in August 2017 to various lenders including ICICI & SBI from the proceeds of the Essar Oil sale.
Essar Global Fund Limited is a Mumbai based conglomerate.
Four different islands from Andaman and one island from Nicobar have been selected to fly seaplanes with the government giving approval to 13 water aerodromes under UDAN-3.
Andaman & Nicobar has about 500 islands popular among tourists.