Urgent need for more ambitious structural, financial sector reforms in India: IMF
The IMF has said that India urgently needs more ambitious structural and financial sector reform measures and a medium-term fiscal consolidation strategy due to the rising debt levels while ensuring a more accommodative fiscal stance in the budget. International Monetary Fund (IMF) spokesperson Gerry Rice said the economic environment in India is weaker than what the organisation had forecast earlier.
Indian generic drugmakers may face supply shortages from China if coronavirus drags on
Shortages and potential price increases of generic drugs from India loom if the coronavirus outbreak disrupts suppliers of pharmaceutical ingredients in China past April, according to industry experts. An important supplier of generic drugs to the world, Indian companies procure almost 70% of the active pharmaceutical ingredients (APIs) for their medicines from China.
Vodafone Idea's fight for survival continues for the sixth quarter
Ravinder Takkar, managing director and CEO of Vodafone Idea, said that the debt-burdened telco will remain focused on rapid network integration, 4G coverage and capacity expansion in key markets. He also said in a statement that Vodafone and Idea are on track to deliver synergy targets in operating expenses by June. His comments gave the hint that Vodafone Idea will seriously pursue its recovery plans, while fighting the AGR dues case.
Former TERI Chief and environmentalist RK Pachauri dies at 79
Rajendra Kumar Pachauri, the former chief of The Energy and Resources Institute, passed away today at the age of 79. Ajay Mathur, Director General of TERI, confirmed Pachauri's demise. Pachauri was admitted to the Escorts Heart Institute in New Delhi after prolonged cardiac ailment.
Economists eye silver lining in India's rising rural inflation numbersIndia's rural inflation rate surged faster than urban inflation for the first time in 19 months in January, and economists are optimistic that signals something the country desperately needs - a revival in demand in the rural economy. Economists say the inflation numbers could also signal some momentum returning to rural growth. This could bring a glimmer of good news for the government, which has been trying to revive growth and boost consumption.
Rajiv Bansal appointed Air India chairman and managing directorSenior bureaucrat Rajiv Bansal was on Thursday appointed as the chairman and managing director (CMD) of Air India, according to a Personnel Ministry order. Bansal, a 1988-batch IAS officer of Nagaland cadre, is at present additional secretary in the ministry of petroleum and natural gas.
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