J P Chawla & Co. LLP

Fineprint Vol.7 2020 

India rose to 34th position globally in JLL’s Realty Transparency Index due to regulatory reforms and green initiatives, as reported by JLL. The UK leads among 99 countries, followed by the US, Australia, and France. In July 2020, economic highlights included the launch of RestartIndia to aid MSMEs, Tamil Nadu signing MoUs for Rs 10,000 crore investments, Google’s US$ 10 billion investment in India, and a US$ 750 million agreement between the World Bank and India for MSMEs. German economic outlook improved for the third consecutive month post-shutdown, while Arab economies are projected to shrink by 5.7% amid the pandemic fallout, as per a UN report. Additionally, India’s forex reserves reached a new peak at $518 billion, but Indian refiners are cutting crude processing due to low demand and weak margins.

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