Committed to uplift MSMEs the govt taking steps to generate five crore employment in this sector

In a conference held on Digitalization-The Key for MSMEs Rise to Resilience , the minister of Micro, Small and Medium Enterprises (MSMEs) Nitin Gadkari said the Government has been taking several steps to enhance the contribution of this sector. The minister added that the Government is facilitating capabilities of export, besides job generation in this […]

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Government considering new private banks to be given permission for conducting govt-related business under RBI guidelines

Finance Minister Nirmala Sitharaman has announced that the permission for conducting government related business will be given to new private banks under the RBI guidelines. It was during the question hour in Rajya Sabha the minister said the government has indicated to allow other private banks to conduct government related business with aim to ensure […]

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Government to launch Atmanirbhar Niveshak Mitra portal to facilitate investors

The department for promotion of industry and internal trade (DPITTD) together with 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 business […]

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Moody’s projects a positive 13.7 per cent growth for India in FY 22

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 […]

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SBI revises FY21 GDP estimates to -7.0% from -7.4% earlier

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 […]

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Amazon India announces manufacturing Electronic Devices in India

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. […]

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Indian foreign exchange reserves grows to record USD 590.18 billion

India’s Forex reserves have risen by 4.85 billion US Dollars to touch a record high of 590.18 billion dollars in the week ended January 29. Forex reserves rose on account of an increase in foreign currency assets (FCA), a major component of the overall reserves.While the FCA increased by 5.03 billion dollars to 547.22 billion […]

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MOHUA signs MoU with Zomato under PM SVANidhi Scheme to onboard street food vendors

The Ministry of Housing and Urban Affairs has entered into an MoU with online food ordering and delivery platform ‘Zomato’ under  Prime Minister Street Vendor’s AtmaNibhar Nidhi (PM SVANidhi) Scheme. Through this MoU, the government aims ot onboard street food vendors on the food-tech platform of ‘Zomato’ to help these food vendors grow their business […]

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India received record US$ 58.37 billion FDI between April and November 2020

The recent FDI policy reforms measures taken by the government, coupled with the ease of doing business and investment facilitation, have altogether resulted in increased FDI inflows in the country. During April and November 2020, the country has received a total US$ 58.37 billion FDI inflow and it’s the highest ever for the first eight […]

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Milk marketers report robust milk sales at the end of 2020

Milk Marketing Federation of Gujarat has informed to have registered 8 per cent rise in milk sales in December last year.However milk sales in restaurants, hotels and canteen segments have witnessed 40 per cent below normal during this period. While Amul, witnessed record milk sales in December, Mother Dairy has informed that its milk sales […]

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