The Department for Promotion of Industry and Internal Trade (DPITTD) together with the Ministry of Commerce and Industry is all set to finalise a dedicated portal “Atmanirbhar Niveshak Mitra” for facilitation, information dissemination and handholding of domestic investors. Currently in testing phase, the portal in its final version will digitally support the investors throughout their…
Real estate industry leaders gathered on a common platform and brainstormed over the current state of the sector entitled “Reality of Realty investments”, organised by the National Real Estate Development Council (NAREDCO) on a virtual platform. The industry stakeholders attended the webinar with great enthusiasm and exuded optimism that the real estate sector will fully…
The Indian Government has issued digital media ethics code and guidelines for online streaming platforms, over the top (OTT) and social media platforms according to which the content involving morphed pictures of women and nudity have to be removed by these media in 24 hours. For this purpose a grievance redressal mechanism will also be…
Global rating agency Moody’s has revised India’s growth projection for the current financial year (FY22) from its earlier estimate of 10.5 per cent to 13.5 per cent. Moody’s has mentioned that Indian economy has rebounded quickly from the stringent lockdowns due to which the country experienced steepest fall in its GDP in the second quarter…
In the recently held 53rd meeting of Central Sanctioning and Monitoring Committee, the government has approved construction of 56,368 New Houses under Pradhan Mantri Awas Yojana (PMAY-U) Mission. The meeting was attended by 11 States/Union Territories. Speaking on the occasion, Ministry of Housing and Urban Affairs (MoHUA) Secretary Durga Shankar Mishra asked the states and…
The Government has rolled out a massive sum of Rs 125217.62 crore towards food subsidy while it aims to release Rs 297196.52 crore more in the current financial year. The effort is aimed at benefitting the farmers and among this designated amount Rs. 116653.96 crore will go in PFMS for Punjab and Haryana will receive…
The Economic Research Department of the State Bank of India has revised FY21 GDP estimates for India to -7.0% from the earlier forecast of -7.4%. Based on SBI Nowcasting Model. The report has been brought out by Dr Soumya Kanti Ghosh, Group Chief Economic Advisor, State Bank of India. According to the report, the growth…
Minister for Electronics and Information Technology, Ravi Shankar Prasad said being an attractive investment destination, India is poised to become a major player in IT products and electronics industry in global supply chain. He was discussing a range of issues related to digital sector, in a virtual interaction with Head of Amazon India Amit Agarwal….
With aim to ascertain increased income for the farmers, the government is not only focussing at creating job opportunities in rural India, but it’s also looking at technological innovations to lower their costs. Moving ahead with this approach, Road Transport and Highways Minister Nitin Gadkari launched India’s first Diesel-converted CNG Tractor in a launch ceremony…
On the back of a transparent and liberal policy framework to attract Foreign Direct Investment (FDI) in the country, the food processing sector has been able to garner USD 904.7 Million FDI in 2019-20 in comparison to USD 628.24 Million in 2018-19. According to World Investment Report 2020 released by United Nations Conference on Trade…
