World Bank approves Country Partnership Framework for India to support its transition to higher middle- income country

World Bank Board has endorsed an ambitious five-year Country Partnership Framework (CPF) for India, which aligns with New Delhi’s objectives of high, sustainable and inclusive growth. The move is aimed at supporting India’s transition to a higher middle-income country by addressing some of its key development priorities such as resource […]

Sebi approves new KYC norms for FPIs

The Securities and Exchange Board of India (SEBI) has approved new KYC norms for foreign portfolio investors. Stating this the SEBI Chairman Ajay Tyagi said that new guidelines will be issued soon. He said, SEBI to allow foreign portfolio investors to trade in commodity derivatives market, except for sensitive commodities. […]

Commerce Minister Suresh Prabhu invites Russian companies to explore business opportunities in India

India has invited Russian companies to explore business opportunities in the country and strengthen bilateral economic ties. An official release said, Commerce and Industry Minister Suresh Prabhu invited the Governors of the Far East Regions to lead business delegations to India and explore partnerships with Indian businesses. Mr Prabhu recently […]