US-India Alliance: Boosting Energy Transition Investments
US Treasury Secretary Janet Yellen announced that the United States and India have joined forces to establish an investment platform with the goal of reducing capital costs and stimulating private investment for India’s energy transition. This collaboration was confirmed after a meeting between Yellen and India’s Finance Minister Nirmala Sitharaman held on the sidelines of…
Yash Sharma
India’s Economy Set to Maintain Strong Growth Trajectory: S&P
In a testament to India’s robust economic potential, the renowned credit rating agency Standard & Poor’s (S&P) has recently confirmed its projection of a 6% growth rate for India in the fiscal year 2023-24. This forecast not only highlights India’s resilience amidst global economic uncertainties but also solidifies its position as the fastest-growing economy in…
PM’s Upcoming State Visit to the US: An Unprecedented Honour
In an extraordinary show of recognition, Prime Minister Narendra Modi is set to embark on a momentous state visit to the United States on June 22. This exclusive invitation from President Joe Biden makes Modi only the third world leader, following in the footsteps of France’s Emmanuel Macron and South Korea’s Yoon Suk Yeol, to…
Farewell To Fortune: India At Risk Of Losing 6,500 HNWIs
India is likely to see a heavy outflow of millionaires in 2023 and may lose 6,500 high-net-worth individuals (HNWIs) in the current year, according to the Henley Private Wealth Migration Report 2023. Millionaires or High-Net-Worth Individuals are people with an investable wealth of $1 million or more. China has been ranked first in terms of…
U.S. Wants India To Buy Armed Drone On Modi Visit
Prime Minister Narendra Modi is about to visit Washington, DC, in the last week of June. On the visit, the Biden administration wants India to cut through its own red tape and advance a deal for U.S-made armed drones, which is expected to be worth $2 billion to $3 billion. However, India has previously shown…
UAE Emerges As Fourth Largest Investor In India, FY23
In a significant development for India’s economy, the United Arab Emirates (UAE) has emerged as the fourth largest investor in the country during the fiscal year 2023. This remarkable feat not only underscores the strengthening of bilateral relations between the two nations but also highlights the growing confidence of foreign investors in India’s business landscape….
Government To Release Digital India Bill In June
The full-fledged draft of the Digital India Bill is expected to be released in the first week of June, Minister of State for Electronics and Information Technology Rajeev Chandrasekhar said in Mumbai on May 23. The legislation will regulate a wide gamut of digital services, including social media platforms, as the Central Government is planning…
Gold-Silver Prices Remain Steady After U.S. Inflation
The U.S. dollar is performing a little low and weak compared to other times, impacting the gold-silver price in the global and domestic markets. On the Multi Commodity Exchange (MCX), gold futures began marketing at Rs. 55917.00 per 10 grams, seen as almost 0.55% rise, whereas silver futures started trading at Rs. 65090.00 per Kilogram,…
John David
Indian-origin Ajay Banga Is Next World Bank’s President
The World Bank appointed ‘Ajay Banga’ as a new President. A 25-member execute board confirmed his name for the post on Wednesday after following a selection process agreed upon by shareholders in 2011. Banga, who is at 63 now, has worked for Mastercard as a CEO before this, and his term in the World Bank…
India Perseveres On Amidst Global Slowdown
“Headwinds from a slowing global economy are beginning to weigh more on exports,” believes Rahul Bajoria, an economist from Barclays Plc. However, that doesn’t bode well for India, whose exports declined for four months straight. The exports registered a decline of 13.9% in March, while the imports decreased by 7.90% compared to the figures of…
Seetu kumar