PM Modi will inaugurate the third annual meeting of Asian Infrastructure Investment Bank. The two-day meeting will be hosted by the Department of Economic Affairs, Ministry of Finance, in Mumbai. Ministry of Finance, in partnership with the Federation of Indian Chambers of Commerce & IndustryRead More
Day: June 23, 2018
The government released a draft on cross-border insolvency that would help banks access overseas assets of a company undergoing resolution. The Indian authorities will also be required to cooperate with foreign creditors to a domestic company. The draft favours adoption of the UNCITRAL model on dealing with cross-border insolvency. The UNCITRAL model law envisages a balance between liquidation and reorganisation of global companies going in for resolutionRead More
The Union Home Ministry has banned new offshoots of the al-Qaeda and Islamic State under the anti-terror Unlawful Activities Act. Both al-Qaeda in Indian Subcontinent and the Islamic State of Iraq and the Sham-Khorasan, an Afghanistan-based affiliate of ISIS, have been declared unlawful.Read More
India has hit back at US President Donald Trump’s protectionist policies, hiking customs duty on 29 products, including farm products, steel, and iron, which are imported from America. This retaliatory action is in response to the US move to raise tariffs on steel and aluminum products earlier this year, which had a tariff impact of $241 million on IndiaRead More
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