LIC’s debt exposure in Adani group companies dips marginally to Rs 6,183 crore as of March 5

LIC’s debt exposure in Adani group companies fell marginally to Rs 6,183 crore as of March 5 from Rs 6,347 crore as of December 31, 2022, Parliament was informed on Monday. In a written reply to the Lok Sabha, Finance Minister Nirmala Sitharaman said, “The Life Insurance Corporation of India (LIC) has informed that its … Read more

Govt not in ‘crazy rush’ to sell everything: FM Sitharaman

The government is not in a “crazy rush” to sell everything and it will continue to have a presence in four strategic sectors, including telecom, Finance Minister Nirmala Sitharaman said on Saturday. In strategic sectors, a bare minimum presence of the existing public sector commercial enterprises at the holding company level will be retained under … Read more

India’s GIFT City campus to be Deakin University’s 1st international foray

In a big early win for its efforts to attract foreign universities, India is set to be the first off-shore campus location for Australia’s Deakin University. According to the sources, Deakin University is likely to announce the setting up of a campus within the GIFT City at Gandhinagar in Gujarat. An announcement in this regard … Read more

sitharaman: Sitharaman highlights rising debt vulnerabilities in developing countries at G20, seeks multilateral coordination

Finance Minister Nirmala Sitharaman on Friday highlighted rising debt vulnerabilities in many developing countries and sought views from G20 member nations on ‘multilateral coordination’ for managing the burden. Speaking at inaugural session of the G20 finance ministers and central bank governors (FMCBG) meeting, Sitharaman also sought views on how multilateral development banks, like the IMF … Read more

world bank: India can grow at 8%; the time is right to draw investment, says World Bank President

India faced challenges during the Covid-19 pandemic but has recovered “strongly” and can achieve 8% growth through a stronger private sector, land and agriculture reforms, and ensuring credit gets to small enterprises, among others, said David Malpass, president of the World Bank. This is the right time for India to attract investment amid a global … Read more

adb: ADB pledges $25 billion for India’s infra, social and green needs

The Asian Development Bank (ADB) Tuesday committed up to $25 billion for the next five years to fund India’s infrastructure creation under the PM Gati Shakti initiative as well as social development and climate action to help the country meet its priority development needs. In his meeting with PM Narendra Modi, ADB president Masatsugu Asakawa … Read more