Latest Industrial Estimates Positive Sign Towards Growth Cycle In India: Assocham

New Delhi: The apex industry body ASSOCHAM has said that domestic market will be the driving force in the coming months as growing Indian economy will provide steady flow of new businesses.

However, risks to the Indian economy continues to prevail in the forms of continued uncertainties in the global environment due to geo-political situations, including rising global protectionism could further delay a meaningful recovery of external demand, said ASSOCHAM president SandeepJajodia.

"Besides, private investment continues to face several impediments in the form of corporate debt overhang, stress in the financial sector, where NPAs continue to increase, excess capacity and regulatory and policy challenges," he said.


National Health Plan, PSU Mergers To Boost Non-Life Sector: S&P

New Delhi: Standard & Poor’s has expressed its optimism that the government’s plan for a free national health insurance scheme coupled with merger of public sector non-life insurance companies with give the Indian non-life industry a boost. 

However, the rating agency sees challenges in implementation of the scheme.
"As always with grand policy initiatives in India, the question is whether the execution will be as towering as the ambition," said S&P Global Ratings credit analyst TruptiKulkarni.

Budget proposals unveiled this month include include a wide-reaching healthcare insurance scheme, more tax incentives for health insurance, and the merger of three public insurers.


Report Says Inflation To Moderate To 5% In January

New Delhi: Retail inflation is expected to moderate and print at 5 per cent after rising consecutively for five months, helped largely by seasonal dip in vegetable prices, according to a foreign brokerage in a report.

Official data for consumer price inflation (CPI) for January, which stood at 5.2 per cent in December last, would be released by government on Monday.

Even as Morgan Stanley sees improvement in both inflation and trade deficit numbers in January, it has flagged concern that "moderate risks to macro stability are emerging on account of the wider-than-targeted fiscal deficits".


Google Fined For Violating Competition Laws by the Indian Watchdog; Explained

New Delhi: The Competition Commission of India (CCI), the country's fair play watchdog, has found Google to have abused its dominant position in online general web search and web search advertising services in India and imposed a penalty of Rs 136 crore. 

The Competition Commission of India (CCI) said Google, the core unit of US firm Alphabet Inc, was abusing its dominance in online web search and online search advertising markets.

"Google was found to be indulging in practices of search bias and by doing so, it causes harm to its competitors as well as to users," the CCI said in a 190-page order.


Forbes List of Crypto Boom

New Delhi: FORBES, the leading US business magazine, has just released a list of the top 19 earners in cryptocurrencies in one of its annual rich lists with Ripple founder Chris Larsen and major investors topping the table with the billions they have made from the crypto boom.

While compiling a list of the world’s traditional billionaires is a relatively straightforward task, calculating the exact amount of wealth of the world’s richest crypto tycoons is more difficult.

Cryptocurrencies are by definition a decentralized, encrypted payment system that began outside of the traditional global financial system. The “newly minted crypto rich” live in a strange milieu that blends paranoid secrecy with ostentatious display.”