Eco/Invest/Demography

India needs to remove growth impediments to achieve $5 trillion economy:CEA

Indian News       Feb 23, 2020

  New Delhi: India has some distance to go in fully shifting from the pro-crony to pro-business policies, Chief Economic Advisor Krishnamurthy Subramanian said on Saturday.   It will be pro-business policies that will enable the “invisible hands of the market” and also take the country to...

Mega bank consolidation: Meeting April 1 deadline appears challenging

Indian News       Feb 23, 2020

  New Delhi: With the deadline of April 1 fast approaching for the mega merger of ten public sector banks, there seems to be more odd in the way of meeting the target date as a series of regulatory approvals and clearances are still pending, bank...

Warren Buffett touts wind energy following climate-change criticism

International News       Feb 23, 2020

  Warren Buffett, long under pressure from activists to detail how climate change affects his businesses, used part of his annual letter to shareholders to highlight how wind power generated by a Berkshire Hathaway Inc. utility shows the company is reducing its reliance on fossil fuels.  ...

FPIs remain bullish on India; invest Rs 23,102 crore in February so far

Indian News       Feb 23, 2020

New Delhi: Staying bullish on Indian markets, overseas investors have pumped in a net amount of Rs 23,102 crore in February so far driven by positive sentiment around the budget and RBI's decision to maintain an accommodative stance in the latest monetary policy.   According to...

Need to enhance global risk monitoring, says Nirmala Sitharaman at G-20 meet

Indian News       Feb 23, 2020

  New Delhi: Finance Minister Nirmala Sitharaman on Saturday emphasised the need to enhance global risk monitoring and explore the scope for policy co-ordination to deal with such risks.   Speaking at G-20 Finance Ministers and central bank governors meeting in Riyadh, she called upon all the...

Autos contribute 7% of carbon dioxide in India: M&M's Pawan Goenka

Indian News       Feb 22, 2020

  Mumbai: Indians use too big car by size for moving a single person, and the fate met by Tata Nano was unfortunate, Mahindra and Mahindra MD Pawan Goenka said on Saturday.   He also conceded that the automobile industry does add to pollution, and pitched for...

Robust surveillance stalled coronavirus: Health minister Harsh Vardhan

Indian News       Feb 22, 2020

  Mumbai: India remained protected from the novel coronavirus because of its robust health surveillance system, Union health minister Harsh Vardhan said on Saturday. He also hailed qualified health professionals for “resisting” the Ebola, Nipah virus and Swine flu in the past.   Speaking at the foundation...

Investors dump emerging market stocks, hoard bonds amid coronavirus angst

International News       Feb 22, 2020

  Coronavirus worries have caused the biggest exodus from emerging market stocks funds since September BofA said on Friday, while the ongoing dive into bonds is on course to reach nearly $1 trillion by the end of the year. Investors pulled out $2.7 billion out EM...

Berkshire Hathaway 100% ready for my departure: Warren Buffett

International News       Feb 22, 2020

  Octogenarian billionaire Warren Buffett said Saturday that his Berkshire Hathaway empire, with holdings in major American financial firms, is ready for his departure as well as that of his longtime partner Charlie Munger, aged 96.   Dubbed the "Oracle of Omaha," Buffett is known for his...

3,000 tonnes gold deposits found in UP's Sonbhadra

Indian News       Feb 22, 2020

    Sonbhadra: The Geological Survey of India (GSI) has discovered gold deposits estimated to be around 3,000 tonnes and worth Rs 12 lakh crore in Sonbhadra district of Uttar Pradesh, almost five times India's current reserve of the yellow metal.   The gold deposits were found in...

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