Soon, RTGS facility may be available 24X7



RTGS is used to transfer large sums, the minimum amount being Rs 2 lakh. This mode is used primarily to facilitate trade and market transactions.



Source link

India opts out of RCEP as 'key concerns not addressed'



India has been forcefully raising the issue of market access as well as protected lists of goods mainly to shield its domestic market as there have been fears that the country may be flooded with cheap Chinese agricultural and industrial products once it signs the deal.



Source link

RCEP a done deal, but signing put off to Feb: Sources



Sources said China was forcefully pushing for inking the deal during the RCEP summit later in the day, which was seen as an attempt to counter-balance the impact of its lingering trade war with the US as well as to project the region’s economic might to the West.



Source link

Carrot-and-stick economic model not for all countries



Economist Deepak Nayyar says economic openness, while necessary, is not sufficient, and is conducive to development only when combined with industrial policy.



Source link

Both 5G spectrum and 700 MHz band auction may flop



Analysts at rating agency ICRA say the debt level of the telecom companies is very high and the ecosystem for the premium band is not in place.



Source link

Who is benefitting from India's Free Trade Agreements?



Among the current FTAs with significant trade deficits for India, five are with countries from the 10-nation Asean bloc.



Source link

Robot magic at Raebareli coach factory



Robots are now being used increasingly in the integrated-shell assembly line and robotic bogie-fabrication line. The unit may soon see its phase-II expansion, which will increase its capacity to 2,000 coaches.



Source link