Indian exports grew at 4.62 per cent in September to revive hope among the country’s exporters struggling against depressed global demand, Commerce Minister Nirmala Sitharaman said. “So, there is hope. There is definitely prospect for our exporters struggling and also performing in a …
Tag: FDI
Policy relaxation jumps FDI 77.5% to $5.15 bn in Sept
With the government relaxing FDI policy and taking steps to improve ease of doing business, the Foreign Direct Investment in the country increased by 77.5 percent to USD 5.15 billion in September this year. In September 2015, the FDI had stood at USD 2.9 billion, according to the data of the Depa…
India-UK trade agreement to spur trade at $20 bn by 2020: PHD Chamber
Prospective bilateral agreement and growth avenues would push trade between India and UK to USD 20 billion by 2020 from the current level of at around USD 14.3 billion in 2015-16, said Dr. Mahesh Gupta, President, PHD Chamber of Commerce and Industry in a press statement issued. India and UK are …
Make in India, Skill India, Digital India positive signals of new transformation
New Delhi: Minister of Information and Broadcasting, M. Venkaiah Naidu has said that digital and mobile tools have been leading to paradigm shifts in the M&E sector. The growth of varied platforms such as 4G, broadband, mobile technologies, digital media has enabled the M&E sector to move…
DIPP notifies 100% FDI in more financial services
The commerce and Industry Ministry notified 100 percent foreign direct investment in ‘other financial services’ carried out by NBFCs. The move will help attract foreign capital into the country. “The government has liberalised its FDI policy in Other Financial Services and non-b…
Prime Minister’s Office to address complaints by e-Commerce companies
NewDelhi: The Prime Minister’s Office is looking to address complaints by e-commerce companies that the current rules are too restrictive pending the drafting of a longer-term plan for the key jobgenerating sector by a NITI Aayog committee. A meeting of top officials was held at the PMO on Octobe…
Modinomics: New art of diplomacy
Prime Minister Narendra Modi has been able to leverage India’s economic advantages to improve international relations and vice versa. He recognises that India’s ambition to become a $10-trillion economy and create 175 millions jobs by 2032 will depend on linking the country’s foreign policy to do…
MSMEs are capable of pushing the country’s development: Centre
Emphasising on the need to give push to Micro, Small and Medium Enterprises (MSMEs), the Centre on October 6 said the sector is capable of providing new dimension and push to country’s development. “Since the MSME sector is capable to provide new dimension and push the country’…
FDI in textiles ‘far from satisfactory’: Study
FDI flows into the textile sector have been “far from satisfactory” due to factors like lack of trade agreements with key markets, underdeveloped infrastructure and complex labour laws, a study has claimed. “Despite India offering a large domestic market, competitive labour cost…
Make in India: Finding the right balance
The Indian economy is at a crossroads. Despite advantages like a stable democratic, government and a large English speaking population, the country has lagged China in fulfilling its potential as a global manufacturing powerhouse. In recent times, many Indian leaders have found it tough to fulfil…