India, New Zealand set to finalise FTA soon: Piyush Goyal, ETCFO

Commerce and industry minister Piyush Goyal Thursday said talks for a free trade agreement (FTA) between India and New Zealand are progressing fast and expressed hope that the pact will be finalised soon. Goyal, who is on his first official visit to New Zealand from November 5 to 8 to review the progress of the FTA […]

Finance Minister Nirmala Sitharaman Advocates for World-Class Large Banks in India, ETCFO

Finance Minister Nirmala Sitharaman said discussions are underway between the Finance Ministry and the Reserve Bank of India (RBI) on ways to build world-class, large banks from India, indicating that the government is exploring possibilities beyond mere amalgamation of existing lenders. “I repeat that India needs a lot of big banks, world-class banks,” Sitharaman said while […]

Sebi open to revising cap on brokerage fees paid by mutual funds: Report, ETCFO

The market regulator, Sebi, is considering increasing the proposed limit on the fees that mutual funds can pay to brokerages. This comes after it had earlier proposed a sharp reduction in these fees as part of a broader overhaul of mutual fund structures, sources told news agency Reuters. This step by the market regulator would help […]

India set to resume approvals for Chinese imports after five-year freeze, ETCFO

In the latest sign of warming ties with Beijing, New Delhi plans to quickly clear pending proposals by local companies for importing electronics parts, shoes, household items of daily use, steel products, raw materials and other goods from China and other countries. India had stopped approving such imports after ties with China worsened following border skirmishes […]