India surpasses US and Europe in locomotive production
India has reached a significant milestone in railway locomotive manufacturing, surpassing the United States and Europe by producing 1,681 locomotives in the financial year 2024-25.
Economy
India’s Strategic Council Meetings with Kenya & Tanzania to Achieve USD 200 Billion Trade Goal
India is ramping up its efforts to reach a monumental USD 200 billion trade target with African nations by 2030. Key to this strategy are the upcoming Joint Trade Council (JTC) meetings with Kenya and Tanzania, set for September.
Ghana Urges Enhanced Indian Investment And Commonwealth Cooperation
Ghana’s Deputy Minister for Trade and Industry, Michael Okyere Baafi, called for enhanced Indian investment and broader Commonwealth cooperation during the ASSOCHAM Commonwealth Champions Conference in New Delhi on Friday.
India-Africa partnership targets doubling trade to USD 200 billion over next seven years: Piyush Goyal
Union Minister of Commerce and Industry, Piyush Goyal, highlighted the enduring ties and growing collaboration between India and Africa during the 19th CII India-Africa Business Conclave in New Delhi.
India-Africa are exploring rupee trade, to improve Economic Cooperation
At the 19th edition of the CII India-Africa Business Conclave held in New Delhi, prominent business leaders emphasised the need for innovative financial solutions to bolster trade relations between India and Africa.
World’s most undervalued currency: Lebanese pound
According to a analysis by Arabian Business based on the Big Mac index the Lebanese pound further dropped against the US dollar on the black market, ranging on Monday to become the world’s most undervalued currency.
Welcome investors – President Ali
“Guyana is open to investments, we are open to investors…in a transparent manner,” President Ali asserted during a joint press conference on Friday with US Secretary of State Michael Pompeo.
Economic Stimulus Packages saved 2.75 million jobs – PM Muhyiddin
Prime Minister Tan Sri Muhyiddin Yassin said the measures introduced under the PRIHATIN ESP, Additional PRIHATIN and the Short-term Economic Recovery Plan (PENJANA) aims to address the impact from the COVID-19 crisis, while simultaneously ensuring business continuity.
Finance Minister Sitharaman said at the 3rd G20 meeting, “Digital taxation needs to be simple and inclusive”
Sitharaman in the first session of the meeting talked about the G20 Action Plan in response to COVID-19 which was endorsed by the G20 Finance Ministers and Central Bank Governors in their previous meeting
Borrowers need support till cash flows – Arijit Basu
Deputy Managing Director of State Bank of India (SBI) Arijit Basu said at a webinar organised by BCCI that economic activity had stopped in the first quarter for which the borrowers are facing problems of cash flows.