“An international body such as the UNCTAD could house it”, a senior government official said. The discussions are at initial stages but the attempt is to push for tangible outcomes that can provide some solution, the official added. It will attempt to push some of these issues at the upcoming meeting of the Trade and Investment Working Group, to be held in June Kewadiya in Gujarat.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction