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Planning to remit money to India? Send now or wait

The rupee has been going strong after India’s recent demonetisation drive. With India’s recent demonetisation drive injecting fresh liquidity into the country’s banking sector, the rupee has emerged much stronger  – an outcome that was initially considered unlikely of not ...

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Islamic banking catches on

Allowing the Islamic Development Bank (IDB) to open its first branch in Ahmedabad is a refreshing step. It was part of an MoU signed between IDB and India’s EXIM Bank during Prime Minister Narendra Modi’s visit to United Arab Emirates ...

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Chidambaram wonders if Modi govt ‘deserves’ Rajan

Former finance minister P Chidambaram today wondered whether the Modi government “deserves” Raghuram Rajan, describing him as “one of the most outstanding economists in the world”, amid an unrelenting attack by BJP MP Subramanian Swamy against the Governor. “I am ...

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Islamic banking to debut in Gujarat

Gandhinagar, May 26: Jeddah-based Islamic Development Bank (IDB) is set to start its India operations from Gujarat. The international financial institution from Saudi Arabia has chosen Gujarat to set up its first branch in India. The state will also get ...

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