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India may soon change the way it measures economic growth

The govt is considering moving to the chain base method of calculating the gross domestic product.

Matrix Partners India

Dec 12, 2019, 07.16 AM IST

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Stanza Living raises Rs 40 crore from Alteria Capital

Founded in 2017, Stanza Living has so far raised $70 million from investors like Falcon Edge Capital, Sequoia Capital, Accel, Matrix Partners and Alteria Capital.

Whiteboard Capital mixes incubator, micro-VC approach

As the name suggests, Whiteboard Capital bet on founders even before their business pla...

Ground water could be India's big job killer

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  • From Washington through European capitals to Moscow, Beijing and Tokyo, the world is taking a more relaxed view of Pakistan. At the same time, the view about India is taking a beating. Apart from major powers and the developed economies, almost all of India’s neighbours are also willing to carry on business as usual with Pakistan. Why?

    As many as 50 trucks laden with onion crossed over to India across Attari check post and 55 trucks had brought the tuber on Monday this week. The landed cost of onion from Afghanistan is Rs 40-55 per kg while the local crop is priced at Rs 65- 75 per kg and retail prices are hovering over Rs 100 per kg. The spurt in international supply has cooled down wholesale prices of onion by 20-30%, said traders.

    The Russian case is an opportunity for India to put its house in order. While at one level many saw it coming and were ready for it, activists and analysts have welcomed the move as a stern message to dope cheats. No country has the right to play foul and get away is the sentiment and to think that many worthy athletes had to miss out because dope cheats.

    The agency, however, has maintained a BBB- rating for India, which is its lowest investment grade rating. Anything below this grade would adversely impact India’s benchmark 10-year bond yields, which are already on a performance slump. Economic affairs secretary had on Dec 3 tweeted that S&P has reaffirmed sovereign rating at BBB- with stable outlook.

    The govt is considering moving to the chain base method of calculating the gross domestic product.

    Mohandas Pai said that liquidity and valuations shouldn’t be concerns for companies seeking to list, as the market is “flush with money” and India investors have shown a willingness to pay up for growth stocks.

    The bill will "alleviate sufferings of many who faced persecution for years" PM Modi wrote on Twitter. Modi also expressed gratitude to all members of RS who voted in favour of the bill. Rajya Sabha approved the bill, completing the legislative procedure for giving Indian citizenship to non-Muslim migrants from Pakistan, Afghanistan and Bangladesh.

    ByteDance Inc is testing a new music app in India and Indonesia as it tries to pull off another global sensation.

    Consumption of refined fuels, a proxy for oil demand in Asia's third largest economy, totalled 18.77 million tonnes in the month, preliminary data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Wednesday.

    According to sources, Netflix has started testing multiple months subscription plans (three, six and 12 months) that will be offered at a discounted price.

    The Citizenship Amendment Bill, 2019 proposes to accord citizenship to illegal Hindu, Sikh, Buddhists, Jains, Parsis and Christian migrants from Pakistan, Bangladesh, and Afghanistan. It, naturally, implies that migrants, who identify themselves with any group or community other than those mentioned above, from these countries won't be eligible for citizenship.

    Amazon plans to achieve its goal through a combination of formats including Amazon Fresh and Amazon Pantry and delivery of daily items from brick-andmortar outlets of partner retailers More, Future Group. The long-term goal for Amazon is to turn India into the largest overseas subsidiary for the Seattle-based company.

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