Reforming India faces an uncertain global situation

www.smsvaranasi.com The linkage between the Indian economy and the global economy, always important for policymakers, has become pronounced recently. As the Modi-led NDA government embarks on some long-pending but overdue reforms in the petroleum and energy sectors, the dynamics of the global environment become particularly evident. The decontrol of diesel prices, for long thought of Read more about Reforming India faces an uncertain global situation[…]

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Flipkart negotiating fresh deals with Samsung, LG

www.smsvaranasi.com Flipkart, India’s largest e-commerce company, is renegotiating its deals with consumer durable majors such as Sony, Samsung, LG and Philips. Some of these companies had threatened to stop supplying TVs, microwave ovens, air conditioners etc to Flipkart following the latter’s “Big Billion Day” sale on Monday, in which it sold these items at below-cost Read more about Flipkart negotiating fresh deals with Samsung, LG[…]

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Will develop A.P. into ‘silicon corridor’: Naidu

www.smsvaranasi.com Expressing his determination to convert challenges posed after bifurcation into opportunities, Chief Minister N. Chandrababu Naidu on Monday announced that he would develop Andhra Pradesh into a ‘silicon corridor’ by wooing investors in IT and allied sectors. Addressing the CEOs’ conclave at Hotel Novotel here, he launched three dedicated and empowered missions and a Read more about Will develop A.P. into ‘silicon corridor’: Naidu[…]

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Modi overshadowed Sharif at UN: Pak. daily

www.smsvaranasi.com Indian Prime Minister Narendra Modi’s speech at the UN was everything his Pakistani counterpart Nawaz Sharif’s was not, said a Pakistani daily Monday. An editorial, “Modi at the UN”, in the Daily Times said: “Modi continued his charm offensive in the West with a speech to the UN General Assembly that was everything Nawaz Sharif’s was Read more about Modi overshadowed Sharif at UN: Pak. daily[…]

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RBI keeps key rate unchanged

www.smsvaranasi.com As widely expected, the Reserve Bank of India (RBI) had kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 8.0 per cent.  Also, it has decided to keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of net demand and time liabilities (NDTL). However, it Read more about RBI keeps key rate unchanged[…]

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