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Category Archives: Banking & Finance

Telecom tech to generate 870,000 jobs, says ASSOCHAM-KPMG

Study warns of skill shortage in the sector Emerging technologies such as 5G, M2M and the evolution of Information and Communications Technology (ICT) are expected to create employment avenues for almost 870,000 individuals by 2021, according to an industry study.

DBS

India to raise Rs.465bn through stake sales, says DBS

Divestment has been slower till date The Indian government is expected to raise Rs.465 billion through stake sales in public sector business of the Rs.725 billion target it has set in the current fiscal year, according to report by the Development Bank of Singapore (DBS)

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Singapore to handle arbitration cases at GIFT-IFSC

Centre to provide independent dispute solution. The Singapore International Arbitration Centre (SIAC) has opened second representative office in India in the International Financial Services Centre in Gujarat International Finance Tec-City (GIFT IFSC), Gujarat.

World Bank

India taps World Bank funding for river cleaning

41 of Namami Gange Programme completed. The Indian government has withdrawn US$91.26 million till now from the World Bank sanctioned US$1 billion loan for projects on the main stem of Ganga river, Lok Sabha was told on 10 Aug 2017.

Incredible india

Reforms put India on a healthy economy path

But everything is not hunky dory, report. Recent reforms have put India in a position to achieve faster and sustainable growth over the next few years, but policymakers face challenges in handling non-performing loans and reviving private investments.