Remittances have long played a quiet but crucial role in India’s external sector balance, but in terms of policy attention, they have often been overshadowed by indicators such as foreign direct investment (FDI) and trade flows. Yet the latest data from the Reserve Bank of India (RBI)’s Sixth Round of India’s Remittances Survey, released in…
Stakeholders of the industry that Mint spoke with, requesting anonymity, said a formalization of India’s operating procedures for space project procurement, coupled with on-paper confirmation of how foreign investors can approach the government for large investments in India in space, can open up a multi-billion-dollar opportunity for the sector, which seeks to quadruple its net annual revenue…
Mumbai: The Centre does not intend to alter its foreign direct investment (FDI) strategy in the space sector, said Pawan Goenka, chairman of the Department of Space-affiliated regulatory body for the space industry, Indian National Space Promotion and Authorization Centre (In-Space), on Monday. Based on the Union government’s amended space FDI policy from February last…
High-school physics textbooks tell us that the gravitational pull between two objects is determined by three factors—the weight of the two objects, the distance between them and a universal gravitational constant. The gravitational force is directly proportional to the mass of each object, while it is inversely proportional to the distance between them. This idea…
Since its adoption in 2015, India has signed agreements with only five countries—Belarus (2018), Kyrgyzstan (2019), Brazil (2020), the UAE (2024) and Uzbekistan (2024), highlighting challenges in securing BITs with key trade partners and attracting foreign direct investment (FDI) flows. Annual FDI inflows have only marginally increased from $60.2 billion in 2016-17 to $70.9 billion…
Let’s take stock of India’s external environment. Our pile of foreign exchange has dropped by nearly $80 billion or about 12% in five months. Much of this loss was because the Reserve Bank of India was trying to defend a falling rupee. The rupee-dollar rate is racing towards 88 and beyond, down by 6% in…
In these years, the number of tax filers has gone up from 65 million to 80 million, which is still less than 6% of the population. Of all those filers, barely 25 million pay more than zero tax. Thanks to the recent hike in the exemption ceiling, it is possible that another 8 to 10…
This pace of growth, though twice that of global GDP, may not be enough to achieve India’s aspirations of becoming a middle-income country and creating meaningful jobs for its youth. Can India sustain more than 7% growth over a long period? In the past, the answer to this question would have depended on when it…
Mumbai: Donald Trump’s sabre-rattling before and after his swearing-in sent the Indian markets scurrying for cover on Tuesday, with benchmarks Nifty 50 and S&P BSE Sensex tumbling to their respective seven-month lows. Investors were already in a sombre mood, thanks to sluggish corporate earnings, foreign investor sell-offs, and pre-budget jitters. The uncertainty sparked by the…
Thus, the effective strength of the Air Force is much smaller than what publicly available numbers indicate. It also means young pilots get fewer hours of flying training. In an age that may see wars fought in the air and space, India ignores the IAF’s problems at great peril. Speaking at a seminar in New…
