Economic News

EconomyNews

India-Asean explore widespread cooperation

​​The ministers from both sides also emphasised the need for more robust air and maritime connectivity, according to a co-chairs statement released after the meeting. India and Singapore are co-chairs of the meet to celebrate 30 years of dialogue partnership.

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India-Asean explore widespread cooperation
EconomyNews

Emerging market economies, including India, need to keep foreign exchange reserves liquid: RBI paper

"Our results indicate that there is a 5 percent chance of portfolio outflows from India of the order of 3.2 percent of GDP or US $ 100.6 billion in a year in response to a COVID-type contraction in real GDP growth, or a global financial crisis -GFC- type decline in interest rate differentials vis-à-vis the US, or a GFC type surge in the VIX" said a study titled " Capital Flows at Risk: India’s Experience" published in the latest RBI Bulletin.

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Emerging market economies, including India, need to keep foreign exchange reserves liquid: RBI paper
EconomyNews

Indians’ funds in Swiss banks jump 50 pc to over Rs 30k cr on surge in securities, institutional holdings; customer deposits up too

The rise in aggregate funds of Indian clients with Swiss banks, from 2.55 billion Swiss francs (Rs 20,700 crore) at the end of 2020, marks the second consecutive year of increase. Besides, the money held in Indian customers' savings or deposit accounts rose to a seven-year high of about Rs 4,800 crore, reversing a two-year declining trend.

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Indians’ funds in Swiss banks jump 50 pc to over Rs 30k cr on surge in securities, institutional holdings; customer deposits up too
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