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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.

General Electric to invest in India's infrastructure
American giant General Electric (GE) on Friday said it is looking to make further investments in India's rail, power and healthcare sectors.

UAE-India target $75 billion investments
NEW DELHI: India and UAE are utilizing a congruence of geopolitical and economic interests to realize a potential $75 billion investment commitment by the Gulf state in Indian infrastructure.

ONGC Videsh seeks exploration licence extension for Vietnam oil block
NEW DELHI: ONGC Videsh Ltd, the overseas arm of state explorer Oil and Natural Gas Corp, has sought a one year extension of exploration licence for a Vietnam oil block in the contested waters of the South China Sea despite poor hydrocarbon prospective.

Commerce Ministry to soon seek cabinet's nod for Rs 500 crore CLMV fund
NEW DELHI: The Commerce Ministry will soon seek the cabinet's nod for Rs 500 crore project development fund to start investments in Cambodia, Laos, Myanmar and Vietnam (CLMV).

RBI chief Rajan warns of risks from yuan devaluation
Reserve Bank of India governor Raghuram Rajan said China's devaluation of the yuan was not a concern, but warned of the dangers of "tit-for-tat" actions by other countries if the move was part of a long-term competitive devaluation.