Monday, December 23

Tag: NDA

Are Foreign Direct Investments Facing a Decline in India?
Market

Are Foreign Direct Investments Facing a Decline in India?

Foreign Direct Investment which means the investment that is made by a person or a firm in any business interest situated in another country seems to be showing a new record in the financial year 2018. However, according to a report, over the last fifteen years, the FDI flows into the country show that they do not have much to do with the political organization at the Centre. The United Progressive Alliance 2 (UPA-2) started off on a high note but later fell victim to ‘policy paralysis’ at the end of its duration. However, it showed major declines in FDI inflows in two consecutive years, and also it saw a bounceback in FDI in its final year. The National Defence Academy (NDA) flagged off with 20% plus FDI growth rates in its first two years. Instead of bringing in reforms in GST, it ...
India’s RBI Chief Raghuram Rajan Resigns, Industry Terms it Nations Loss
INDIA

India’s RBI Chief Raghuram Rajan Resigns, Industry Terms it Nations Loss

Buffeted by political attacks coupled with unending speculation over his continuance, RBI Governor Raghuram Rajan today said no to a second term in the post, a surprise decision the industry and opposition parties termed as nations loss. Ruling that his work on containing inflation and cleaning up books of the banks was "yet to be completed", Rajan said, "While I was open to seeing these developments through, on due reflection, and after consultation with the government, I want to share with you that I will be returning to academia when my term as Governor ends on September 4, 2016." Speculation has been rife over whether Rajan, former IMF Chief Economist known to have predicted the 2008 global financial crisis, would get a second term after BJP leader Subramanian Swamy launched a no...