Economics News

FPI outflow concerns preposterous: SEBI

SEBI issued a statement saying it is preposterous and highly irresponsible to claim that 75 billion dollars of FPI investment will move out of the country because of SEBI’s circular issued in April 2018.

posted by Jawwad Kazi 5th Sep 2018

India claimed breakthrough in RCEP talks

Commerce Ministry officials said there was a breakthrough in understanding India’s concerns at the recently held meeting in Singapore on August 30-31.

posted by Jawwad Kazi 5th Sep 2018

Mauritius top FDI source in India

According to RBI data released, Mauritius remained the top source of foreign direct investment into India in 2017-18 followed by Singapore.

posted by Jawwad Kazi 3rd Sep 2018

Financial savings are up

The gross financial savings of the household sector, as a proportion of disposable income, saw a sharp rise in 2017-18, shows the RBI’s annual report.

posted by Jawwad Kazi 3rd Sep 2018

PSU banks plan closure of 70 overseas offices in FY18

Public sector banks are in the process of closing or rationalising about 70 overseas operations as part of capital conservation exercise.

posted by Jawwad Kazi 27th Aug 2018