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PM Modi announces $10 billion additional credit for Africa
NEW DELHI: Prime Minister Narendra Modi said on Thursday that India and Africa must speak in one voice for reforms in international institutions like the UN Security Council.

How the Trans-Pacific Partnership will affect India's foreign trade
Last Monday, negotiators from 12 countries in the Pacific Rim struck a deal called the Trans-Pacific Partnership (TPP). The aim is to ease the flow of goods, services and investments among them, and to strengthen the rules on labour standards, environmental issues, origin criteria and intellectual property. It is touted as the most ambitious of trade deals between these countries that have about 800 million people and account for 40 per cent of the global trade.

India rate cut tempts shoppers to buy new cars, major appliances
On this weekday, almost two weeks after the Reserve Bank of India (RBI) cut interest rates, a young boy and his elderly grandmother inspect a sports utility vehicle at a busy Hyundai Motor dealership in downtown Mumbai, while his parents speak to a sales agent nearby. That's good news for branch manager Bhavsar.

Germany Announces Euro 1 Billion Solar Power Fund, 18 Pacts Inked
NEW DELHI: A deal to fast track approvals for German companies in India and Euro 1 billion solar power fund by Germany were among major takeaways after talks between Prime Minister Narendra Modi and Chancellor Angela Merkel as both sides inked 18 MoUs to scale up ties in strategic areas.

India emerges top FDI destination leaving behind China, US in 2015
India has emerged as the most favoured destination for foreign direct investment (FDI) in 2015 so far, outpacing China and the US, London-based business daily Financial Times (FT) said in a report on Tuesday.

India may see Two or Three Decades of Double Digit Growth, Says Piyush Goyal
WASHINGTON: Union Minister of State for Power (Independent Charge) Piyush Goyal has said that with sustainable long-term structural environment in India, the country may see two or three decades of double digit growth.

India and US renew ever closer strategic partnership
Washington: The world’s largest democracies, India and the United States, agreed measures to deepen their security and economic cooperation on Tuesday, part of an ambitious drive to boost trade between them five-fold.

India, Laos agree to allow direct flights
Vice-President Hamid Ansari on Friday signed two memorandums of understanding with his counterpart in Laos, Bounyang Vorachith in the Presidential Palace Ho Kham. The MoUs cover an air services agreement — allowing airlines to start a direct flight between the two countries — and another agreement for three ‘quick impact projects’ in the agriculture sector.

OECD says Indian economy an ‘exception’, pegs GDP growth at 7.2% this fiscal
India is projected to grow at a slightly lower pace than expected earlier at 7.2 per cent this fiscal but the country is an “exception” to the worsening picture in major emerging economies, says OECD.

Cabinet approves gold monetisation scheme and gold bonds
NEW DELHI: The Cabinet today approved Gold Bond and Gold Monetisation schemes to reduce the metal's demand in physical form and fish out idle gold lying with households and other entities.