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…
Speaking in Rajya Sabha to thank the President for his address, the Prime Minister Narendra Modi also assured the agitating farmers that the new farm laws will not undermine APMC Mandis and that affordable ration scheme will also continue for the poor. Welcoming constructive criticism of any new idea, he said to alleviate grievances of…
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…
Total twelve states have reportedly completed ease of doing business reforms and have now become eligible for mobilising additional financial resources and raising additional financing to the tune of Rs 5,034 crore from open market borrowings. These reforms have been stipulated by the department of expenditure of Ministry of Finance. These states include Himachal Pradesh,…
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…
The Budget 2021-22 proposes to initiate National Rail Plan to create future ready railway system by 2030. The Railway plans to bring down the logistic costs and it also aims to commission Western Dedicated Freight Corridor and Eastern Dedicated Fright Corridor by 2022.It has also proposed to launch Vist Dome LHB coaches on tourists route…
Presented in the backdrop of COVID-19 pandemic the Budget 2021-22 has a considerable increase of 137 per cent in investment allocation for Health and Wellbeing. The Finance Minister (FM) Nirmala Sitharaman has outlaid a massive Rs 2,23,846 crore in the budget for health infrastructure. The FM has also announced Aatma Nirbhhar Swasth Bharat Yojana to…
The Goods and Services Tax revenue collection has taken a quantum leap in the month of January. It has touched the record level of 1 lakh 19 thousand 847 crore rupees. In this collected tax, 21 thousand 923 crore rupees is CGST, while 29 thousand 14 crore rupees is SGST and 60 thousand 288 crore…
The Economic Survey 2021-21 has made a strong recommendation for increased spending on healthcare services up to 2.5 to 3 per cent of GDP from the current 1 per cent. The survey has noted this can significantly curtail the out of the pocket expenditure (OOPE) to 35% from the current 65% on healthcare. Finance Minister…
Under the chairmanship of Union Home Minister Amit Shah, a high-level committee has approved Rs. 1,751.05 crore additional fund from National Disaster Response Fund (NDRF) for five states: Arunachal Pradesh, Assam, Odisha, Uttar Pradesh and Telangana—which were affected by floods and landslides in 2020. This NDRF fund has also been approved for any of these…
