Economy and Business

Bimstec envoys call for early conclusion of FTA

Ahead of the Bimstec Summit in Nepal this month-end, envoys of the seven-nation regional bloc on Monday called for early conclusion of negotiations for a Free Trade Agreement (FTA) among member-nations, which is hanging fire for 13 years.

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Promises, delivery: Bridge the gap

“In the spirit of federalism, it has been agreed that States would be administering taxpayers below ₹1.5-cr turnover” — this announcement came from the West Bengal finance minister Amit Mitra, also chairperson of the empowered committee on GST, on June 14. The 122{+n}{+d} Constitutional Amendment Bill extends the power of taxation of goods as well as services to the Centre and States.

The new open to-FDI economy

Prime Minister Narendra Modi has broken from the past and ushered in a new economy. The NDA Government has allowed 100 per cent foreign direct investment (FDI) in defence, civil aviation, greenfield pharmaceutical projects, broadcasting carriage services, food products, e-commerce and relaxed sourcing norms for up to five years for single-brand retail trading.

 

Tremors in global markets

The tremors from the decision of the UK to move out from the EU are not necessarily related to the actual economic impact on countries as a result of this divorce. It is more a psychological reaction to a move that could lead to the ultimate destruction of an idea that seemed indestructible till now. The idea of a united Europe. An idea that had brought hope to millions of people weary of battles after two successive world wars. 

How Brexit provides a window of opportunity for India

Brexit provides a window of opportunity for India. However, the gains will not be automatic and will require proactive efforts from the government as well as India Inc

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Kerala floods: Writing on the wall that was ignored

The questions that need to be asked is how further in the past should Kerala go back to understand this disaster? And how much into the future should the state go to reflect on the calamity that it had brought on to itself?

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Bimstec envoys call for early conclusion of FTA

Ahead of the Bimstec Summit in Nepal this month-end, envoys of the seven-nation regional bloc on Monday called for early conclusion of negotiations for a Free Trade Agreement (FTA) among member-...

Read more...