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India Weekly Update with Tom Thomas

VOLUME 1/ISSUE 29 - July 31st 2021

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INTERNATIONAL MONETARY FUND (IMF) CUTS INDIA”SGROWTH FORECAST TO 9.5%: The International Monetary Fund ( IMF) has cuts India’s growth forecast to 9.5%.

Cairn Arbitration matter update: The Indian Government confirms that a French court orders freezing of certain Indian assets in the Cairn Arbitration matter.

Reserve Bank of India (RBI) says that Digital payments grew by over 30% in FY21: The adoption and deepening of digital transactions in India is reflected in a growth of over 30% in FY 21 says Reserve Bank of India.

Union cabinet clears amends limited liability partnership (llp) act aimed at improving the ease of doing business: With a view to improving the ease of doing business, the Union cabinet hascleared the Limited Liability Partnership amendment bill.

"A similar treatment had to be given for limitedliability partnerships" – NirmalaSitharaman, Finance Minister

OFF-BEAT: INDIA MAY GET A NEW BUDGET AIRLINE BYYEAR END: India, one of the fastest growing aviation markets in the world, may get another budget airline by year end. This new venture is funded by Billionaire Investor Rakesh Jhunjunwala, often compared to the legendary Warren Buffet.


“The RBI-DPI indexhas demonstratedsignificant growth in the index representing the rapid adoption and deepening of digital payments across the country in recent years” Reserve Bank of India

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