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THE TELEGRAPH JULY 01, 2019 The corporate profit-to-GDP ratio has the potential to reach around 5 per cent, provided it is supported by policies that promote corporate activities. Diversified financial services firm Motilal Oswal estimates that the ratio had peaked to 7.8 per cent in 2008 and since then has broadly been on a downward trajectory, reaching 3 per cent in 2018. “Corporate profit to GDP is a number which is tracked around the world. We do our estimates every quarter. That has come down to less than 2 per cent now,” said Raamdeo Agrawal, co-founder, joint managing director, Motilal Oswal Financial Services. Speaking at a session organised by the CFA Society India on Saturday, Agrawal said the tax revenue essential for government activities would increase if the corporate profit is at a high level. “The government wants water, houses, roads, hygiene for everybody. But tax revenue has to come. This will come only if corporate activities, employment and corporate p

THE ECONOMIC TIMES JULY 01.2019 DIPANJAN ROY CHOUDHURY India has outlined its re-balancing strategy to counter China’s Belt and Road Initiative  (BRI), highlighting its offer of soft loans for several development and capacity building projects  across continents.  India has a robust development cooperation agenda, constituting a significant dimension of its  close and multi-faceted ties with many partner countries including in India’s neighbourhood, said V  Muraleedharan, the Minister of State for external affairs, answering a query in the Lok Sabha last  week, while expressing strong reservations against the BRI and the China-Pakistan Economic  Corridor. “Extension of Government of India (GoI) Lines of Credit (LOCs) on concessional terms is an  important component of this development partnership in diverse areas of socio-economic  development such as power, transport, connectivity, agriculture and irrigation, manufacturing  industries, water and sanitation, healthcare,”