News - Finance

Challenges and Opportunities of Islamic Finance Expansion at World Islamic Finance Conference 2011

Dubai, March 3, 2011 (Washington Bangla Radio / openPR) Global Islamic Finance is growing tremendously (20% annually). Islamic Finance products are progressively moving to the mainstream, becoming increasingly competitive with conventional financial products.

This rise up questions on how to develop Islamic Money Markets; how to facilitate liquidity management by Central Banks; need for deep knowledge about regulatory challenges of Islamic Finance in UK and Continental Europe or what are the predictions and conditions for Islamic Retail Banking expansion in Europe.

India Emerges as a Preferred Investment Destination

New Delhi, Jan 13, 2011 (Washington Bangla Radio / PIB-India) The resource requirement in a developing economy for investment usually exceeds the availability of resources that could be domestically generated.  In India, the Gross Domestic Investment have historically been short of the Gross Domestic Savings by around 1.2 to 1.3 per cent of GDP on an annual basis.  Countries, therefore, encourage the inflow of capital from abroad to supplement the domestic savings for a higher investment and a larger increase in production capacities.  Foreign Direct Investment is considered as the most preferred route of supplementing the domestic savings as it brings along with the investment new management practices and technologies.  Besides enlarging the productive capacity they also contribute to enhancement of export potential/earning of the country.

The economic liberalization, which was initiated in 1991, therefore, attempted to significantly liberalise the FDI policy regime.  Over the years, India has emerged as a preferred destination for foreign investment.  Besides the sustained GDP growth of economy, which has expanded market in India, the enabling environment and a transparent open policy regime has significantly contributed to the emergence of India as a preferred location.  India FDI policy regime operates in a dynamic setting and has been undergoing a process of continuous review in line with requirement and investors’ perception. As a part of this process, the FDI policy is being liberalized progressively on an ongoing basis in order to allow FDI in more industries under the automatic route.  In the year 2000, the Government allowed FDI up to 100 per cent under automatic route for most of the activities and a small negative list was notified where either the automatic route was not available or there were limits on FDI. Since then, the policy has been gradually simplified and rationalized and more sectors have been opened up for foreign investment.

PIB Feature - The State of Indian Economy - 2010

Dec 31, 2010 (Washington Bangla Radio / PIB India) As we move into the New Year, it is time to take stock of the state of our economy-the achievements in 2010 and the challenges we face in 2011.The most outstanding achievement has been the recovery from the economic slowdown that we have been facing since 2008, as a consequence of the global downturn. It is now being recognised the world over that the management of our economy during this period has been appreciable and we have been able to minimise the effects of global recession on our economy. India continues to be the 2nd fastest growing economy of the world.

Indian PPE Market to Grow Past USD300 Million by 2016 as End-user Awareness Rises

Mumbai, India, Dec 29, 2010 (Washington Bangla Radio / NewswireToday) With India slowly gaining stature as a manufacturing hub, growth opportunities are rife for manufacturers of personal protective equipment (PPE) across various industries.

However, better awareness among end users regarding the importance of good quality PPE and regulatory support will be a prerequisite for the market to reach its true potential.

Tips for achieving financial stability in the new year: 12-point formula

Silver Spring, MD, December 27, 2010 (Washington Bangla Radio / Vocus) A new year typically brings with it a renewed commitment to become more financially stable. Toward that end, the National Foundation for Credit Counseling (NFCC) offers consumers the following 12-step formula to financial success:

A Shot in the Arm for India’s BFSI Sector: NIIT and ICICI Bank owned IFBI celebrates 5th year

New Delhi, December 6, 2010 (Washington Bangla Radio / PRUrgent) The continued growth of private banks and insurance companies in India is consistently generating lakhs of jobs in both sectors. The need of the hour is qualified, trained and skilled manpower. This massive requirement is specifically addressed by the Institute of Finance Banking and Insurance (IFBI), which is celebrating its fifth year as one of the largest talent providers for India’s BFSI industry.

Jointly set-up by Asia’s No 1 IT education provider and India’s No1 private sector bank viz, NIIT and ICICI Bank, IFBI provides education and training solutions for both individual and corporate clients. Since its inception, the institute has delivered over 9,000 industry-ready candidates and 20,000 ‘re-skilled’ professionals to the financial services sector.

Private Equity Funds Boom - Investment in Brazil Ripe for Growth

MARBELLA, SPAIN November 24, 2010 (Washington Bangla Radio / 24-7PressRelease) The latest addition to the growing list of opportunities for investment in Brazil is private equity. Funds - mostly from foreign investment - are currently enjoying in boom in Latin America's largest economy.

Private equity investment in Brazil has reached high levels this year and well-known international fund managers are joining established local firms in the bid to make the most of what Brazil has to offer. And according to Ernst & Young, Brazil has plenty to offer the foreign investor.

In their report 'Private Equity in Brazil - ready for its moment in the sun', published last month, Ernst & Young present a very bullish picture of Brazil for the private equity investor. The report finds that Brazil is enjoying increasingly popular status among investors, mainly because of its strong economic position, robust growth forecasts and Brazil's increasing transparency in doing business.

Indian Economy Continues To March Forward

New Delhi, Nov 24, 2010 (Washington Bangla Radio / PIB India) The forward march of the Indian economy is continuing on the expected lines. The comfortable indicators promise to drive the economy out of the slowdown it faced in 2008-9, when the growth rate dipped to 6.7 per cent, after experiencing a 9 per cent growth for five consecutive years.

The most gratifying is the fall in food inflation which has been coming down consistently for the last five weeks and has now touched the 17 month low of 10.3 per cent. It stood at about 14 per cent in the corresponding period last year.

New ICICI Bank Fixed Rupee Money Transfer Service Allows NRIs To Send Exact Rupee Amounts

Mumbai, November 24, 2010 (Washington Bangla Radio / 1888PressRelease) Now get freedom from exchange rate movements with online transfer tracking.

This is a significant value addition over the traditional money transfer mechanisms where the rates are not available at the time of initiating the remittance.

German Economy Sees Highest Growth In 20 Years - US Economy Still Jittery

Berlin, November 15, 2010 (Washington Bangla Radio / 1888PressRelease)- That's the fastest growth since records for a reunified Germany began in 1991.

Analysts at "Barvetii" believes Germany's economy is benefiting from a recovery in global demand after last year's recession just as the euro's 10 percent decline against the dollar this year makes its exports more competitive outside the currency bloc. At the same time, governments across the 16-nation euro region are cutting spending to rein in ballooning budget deficits, threatening to slow growth in coming months.

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