Tag Archives: Foreign

Foreign Media On ‘Potentially Catastrophic’ Fight At RBI

Tensions between the RBI and the Modi government have increased dramatically. New Delhi: Central banks are usually pretty boring places, home to technocrats who keep watch on inflation and exchange rates and pride themselves on avoiding public controversy. So it came as a shock when the deputy governor of India’s central bank gave a speech in October warning that the institution’s ... Read More »

‘Bad’ foreign firms drive US job revival

German carmaker BMW invested $8 billion in a 1.2-mn sq ft assembly plant in the US. (Photo: Reuters) Years before Donald Trump began promising to bring back good manufacturing jobs by getting tough with US trade partners, such jobs have already been on the rise, largely thanks to foreign companies now cast as villains in Trump’s narrative. Reuters analysis of federal jobs data shows ... Read More »

Foreign Reinsurers To Be Operational In 6-9 Months, Says Regulator

Kolkata: The Insurance Regulatory and Development Authority of India (IRDAI) on Friday said it expects foreign reinsurers, which will get final clearance from the insurance regulator, to be operational in the country over the next six to nine months. “We are hopeful that global reinsurance companies which will get final clearance from the regulator to open their branches in India ... Read More »

Foreign Reinsurers To Be Operational In 6-9 Months, Says Regulator

Currently, state-owned GIC Re is the only reinsurer operational in the country. (Representational image) Kolkata: The Insurance Regulatory and Development Authority of India (IRDAI) on Friday said it expects foreign reinsurers, which will get final clearance from the insurance regulator, to be operational in the country over the next six to nine months. “We are hopeful that global reinsurance companies which will get final ... Read More »

Foreign Investors Pour Rs 9,700 Crore Into Capital Markets This Month

New Delhi: Foreign investors have brought in over Rs 9,700 crore into the Indian capital markets in the first two weeks of this month on improving prospects for the economy and hopes of better corporate earnings. Interestingly, most of the incoming investments are in the debt markets during the period under review. The investment in July is followed by an ... Read More »

FBI Yet to Find Links to Foreign Terrorists on San Bernardino iPhone

The FBI has found no links to foreign terrorists on the iPhone of a San Bernardino, California, terrorist but is still hoping that an ongoing analysis could advance its investigation into the mass shooting in December, US law enforcement officials said. For instance, geolocation data found on the phone might yet yield clues into the movements of the shooters in ... Read More »

India’s Foreign Exchange Reserves Surge To Record High Of $360 Billion

New Delhi: India’s foreign exchange reserves swelled to a record high of $360 billion for the week ended April 1, largely on account of the Reserve Bank of India’s dollar purchases to rein in the rupee’s strength as foreign funds poured into Indian financial markets, analysts said. Foreign investors added Indian debt and equities worth $3.7 billion in March, the ... Read More »

First Indian Tax Amnesty Since 1997 Seeks To Boost Compliance: Foreign Media

India’s Finance Minister Arun Jaitley offered residents with undisclosed income a one-time amnesty from prosecution as pressure mounted on Prime Minister Narendra Modi to deliver on his poll promise of unearthing black money. The window for declaring assets will open on June 1 for four months, Jaitley said in his budget speech on Monday. Taxpayers can get immunity from prosecution ... Read More »