Defending her demand for two percent cut in interest rates by Reserve Bank of India (RBI), Union Commerce Minister Nirmala Sitharaman on Saturday said it is essential to boost small and medium enterprises (SMEs) and create jobs.
Developing countries, including India, should build capacity instead of playing the victim as the structure of international arbitration was heavily biased towards the developed countries, a top Finance Ministry official said on Saturday.
The BRICS group of emerging economies need to soon set up a task force of officials to explore a mechanism for setting up arbitration centres for use by the grouping as well as by non-BRICS countries, Indian Finance Minister Arun Jaitley said on Saturday.
Kerala Chief Minister Pinarayi Vijayan on Saturday assured investors of a perfect business environment here and welcomed business houses willing to invest, highlighting the excellent connectivity enjoyed by this southern state.
Indian equity markets were dragged lower during the week ended Friday by weak global cues and derivatives expiry.
Bangladesh Prime Minister Sheikh Hasina on Saturday said that the Rampal power plant project, being jointly built with India, will not affect the world's largest mangrove forest Sundarbans.
The impact of the Narendra Modi government's reforms is beginning to be felt now, taking India closer to eight per cent growth this fiscal, a top finance ministry official said here on Saturday.
There could be some concern about financing large infrastructure projects as the Reserve Bank of India (RBI) proposes to reduce bank exposure to large corporate entities, said a top SBI official here on Saturday.
GMR Airports Limited (GAL), a subsidiary of GMR Infrastructure Limited has won the international competitive bid for development and operation of the Mopa greenfield airport in North Goa.
Advocating that India become a hub for dispute redressal, Law and IT Minister Ravi Shankar Prasad on Saturday pointed to the skewed nature of international arbitration, saying currently only some developed countries occupy centre stage in this space.