A greater use of the rupee in tea trade is an encouraging sign, but it’s unlikely to boost the currency’s status in a major way. That’s because the rupee’s use will mainly be restricted to those countries with limited choice.
A greater use of the rupee in tea trade is an encouraging sign, but it’s unlikely to boost the currency’s status in a major way. That’s because the rupee’s use will mainly be restricted to those countries with limited choice.
In the current financial year, FIEO has planned various activities -- including exhibitions, B2B delegations, interactive sessions and capacity-building programmes -- to increase India's export to the region, FIEO President A Sakthivel said. India and the UAE signed a comprehensive economic partnership agreement in February this year, and it came into force on May 1.
The team involved in this landmark research comprised Dr. N.V. Singh, Dr. P. Roopa Sowjanya, Dr. Shilpa Parashuram, Dr. P.G. Patil and Dr. R.A. Marathe, all at ICAR-NRCP, Solapur. It has taken the team six years in accomplishing full genomic sequencing of this Indian pomegranate.
S&P Global Ratings on Monday projected India's economic growth at 7.3 per cent in the current fiscal with downside risks and said inflation is likely to remain above RBI's upper tolerance threshold of 6 per cent till the end of 2022. In its Economic Outlook for Asia Pacific, S&P said India's growth next year will get support from domestic demand recovery after the coronavirus pandemic.
Indians at the moment, make up the second largest group of visitors to Singapore by country of origin. Up till August, Singapore received a total of 2.96 million visitors. Out of these, 378,490 are from India. Indonesia is the largest source of foreign visitors to Singapore till August at 588,870. Malaysia is in third place with 264,170, followed by Australia (258,670) and Vietnam (177,510).
According to an ET poll conducted among 20 banks, fund managers and financial institutions, the RBI Monetary Policy Committee (MPC) will likely assess the risk of spillover inflation and a sliding rupee, which could hurt growth of the world's fifth-largest economy.
Central banks rushed monetary measures to stem capital flows and combat inflation that no longer looks temporary. The rupee also hit a new low, sending stocks crashing. Can the Indian economy hold steady and what will help?
Two senior bankers told ET that in the wake of the turbulence faced by Bangladesh they expect a bilateral loan denominated in Indian rupees can be used by the country to pay for the imports from India.
