Indian economy news

DUMKA: Prime Minister Narendra Modi on Sunday attacked the Congress party for holding protests outside Indian embassies across the world, comparing these acts with that of Pakistan. "For the first time, the Congress party has done what Pakistan has been doing for long. What can be more shameful than that? Will any Indian stage a demonstration outside any Indian embassy in other countries," asked Modi, while addressing an election rally here. As a part of its Bharat Bachao Rally, the Congress party staged protests outside Indian embassies across the world to highlight the problem of unemployment, slump in the economy, and distressed farmers in the country on Saturday. Speaking about the newly-enacted Citizenship (Amendment) Act, the Prime Minister said that the Citizenship (Amendment) Act has been brought in to give respect to non-Muslims, who fled religious persecution in Pakistan, Afghanistan and Bangladesh and arrived in India before December 31, 2014. "To give respect to those … [Read more...] about Congress does what Pakistan has been doing for long: PM Modi on protests outside Indian embassies

While the Aircross will be a CKD, the company is setting up a production capacity of 100,000 units a year, in the first phase at its Thiruvallur plant, which is a JV between PSA Groupe and the CK Birla Group, reports T E Narasimhan. Image: The premium SUV, C5 Aircross. European auto major Groupe PSA, which is going to kick-start its journey next year with a premium SUV, said it is working on a new platform and India will be the first market to have products emanating from it. The company is planning to launch at least one car every year on this platform. Roland Bouchara, senior vice president–sales and marketing, India, PCA Automobiles India Pvt Ltd, said the company plans to launch its flagship premium SUV C5 Aircross in the Indian market by the second half of next year.The product will help push the brand in India and will be pave way for future launches as well. While this product will be a CKD, the company is setting up a production capacity of 100,000 units a year, in the … [Read more...] about PSA’s Citroen announces grand India plans with premium SUV Aircross

The interface allows you to add multiple banks and transfer money, even between payment wallets, for a fraction of existing costsWant to check whether your friend or colleague wants to return the money you had loaned him? Send an SMS to his bank with a request for payment. The SMS will be forwarded to the friend or colleague and if he approves, the bank will pay. The Unified Payment Interface (UPI), launched last week in association with 21 banks, is expected to make some cutting-edge changes, such as the one mentioned above. Today, there are a number of options as far as transferring money goes; these are some new changes that will simplify life to a great extent. Now, there is the Immediate Payment Service (IMPS) that helps transfer a particular amount immediately, and of course, payment wallets that let you pay at a merchant store by scanning a Quick Response (QR) Code by using a smartphone. Banking has already shifted to your smartphone with feature-rich apps."Digital payments have … [Read more...] about UPI: It’s not only about transferring money

CANNES: On the fifth and final day of the 2019 Cannes Lions Festival of Creativity, India’s metal scoreboard had its fair share of surprises. Despite the total entries from India going up 8% to 1,053 this year, on the awards front Indian agencies didn’t deliver a tally like previous years when it punched above its weight. And bagged Gold Lions and Grand Prix awards in the process. Digital agency Dentsu Webchutney, however, beat bigger name agencies to the top of the India metal chart. The agency won a Silver Lion and five ronze Lions for its work on Swiggy and Flipkart. Agency executives that Brand Equity spoke to said, what’s also remarkable about Dentsu Webchutney’s performance is that it won for “real work”. The digital ad shop also cracked categories where Indian agencies usually draw a blank. Lowe Lintas (for work on HULowned Lifebuoy), Mindshare (Lifebuoy), and Grey India (P&G’s Gillette) were the other Silver Lion winners this year. … [Read more...] about FCB Ulka strikes gold on final day of 2019 Cannes Lions Festival

State Bank of India Chairman Rajnish Kumar on Saturday said most banks have a comfortable liquidity position and emphasised the need for credit flow in the economy. Kumar also said that India is a part of the world economy, and if there are global headwinds, "we cannot remain unimpacted". Kumar, who was in Guwahati to attend consultation process designed to generate ideas and review performance of banks and their alignment with national priorities, said, “ The finance minister Nirmala Sitharaman announced 32 measures on Friday which are very qualitative in nature. The purpose of these measures to clear many irritants from banking and taxation side. I consider these very significant” He added, “The system right now, in terms of liquidity and enablers for flow of credit right condition is made by government and Reserve Bank of India. The issues and challenges which were coming in the flow of the credit it has been addressed and the finance minister has announced that … [Read more...] about There is no recession in the country, just decline in demand in certain sectors: Rajnish Kumar