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image India, UK joint economic, trade committee meet in London
Trade ministers of India and the UK would meet in London on January 11 as part of the Joint Economic and Trade Committee (JETCO) deliberation to boost bilateral commerce...
image India to host Mini-Ministerial to 'Revitalize' WTO
India will host a mini-ministerial meeting of the World Trade Organization (WTO) in February to help "revitalize" the trade body, said Commerce Minister Suresh Prabhu. "The objective of the meeting is to discuss ways to revitalise the WTO, which, we believe, is the best available multilateral institution to ensure predictable and transparent system of rule-making in the area of international trade," Prabhu said. About 40 member countries are expected to attend.
image India's December manufacturing PMI sees fastest growth in five years
The Indian manufacturing sector ended the year on a strong note, with operating conditions in December improving at the strongest rate in five years driven by significant increase in new orders, a monthly survey said. The Nikkei India Manufacturing Purchasing Managers' Index (PMI) rose to 54.7 in December, from 52.6 in November.....
image Parliament passes Insolvency & Bankruptcy Code Amendment Bill
Finance Minister Arun Jaitley today said the government has entered into an unchartered territory as far as bankruptcy and insolvency Code is concerned and would continue to modify the law dealing with the issue.
image Commerce Ministry: 'Make in India' Led to Record $60 Billion in 2017 FDI Inflow
The Government's Make-in India initiative has led to a record inflow of foreign direct investment (FDI) of $60 billion in the financial year 2016-17, the Commerce Ministry said. The Government is now increasing its Make-in-India focus on additional sectors, including biotechnology, aerospace and defense, new and renewable energy and information communication and telecom equipment manufacturing.
image After 6 years, rupee rises and greets New Year
After six years of continuous fall, the rupee has closed in the positive against the US dollar in 2017. The domestic currency broke above the crucial hurdle level of 64 and closed the year with 6.34 per cent gain at 63.87.
image FM Jaitley: Bitcoin Is Not Legal Tender in India
Finance minister Arun Jaitley has clarified that bitcoin is not a legal tender in India and the Government is awaiting a report of experts on crypto-currencies before taking further action. The Government has recently cautioned investors to be wary of virtual currencies such as bitcoin, saying they are like Ponzi schemes with no legal tender and protection.
image Wind Is Now Cheapest Clean-Energy Source in India
Wind is now the cheapest source of renewable energy in India. Auctions conducted in Gujarat on December 21discovered record-low tariffs, down nearly 8 percent from earlier tariffs. The decline comes at the heels of a recent announcement by the Government that resurrected the Indian wind power market after nearly a year of stagnation.
image Govt: Financial Revolution Set to Transform Rural Economy
The Indian Institute of Corporate Affairs has been entrusted with building the capacity of the India Post Payments Bank to create a financial revolution in the nation's rural economy. The head of the bank has called the program one of the largest financial literacy missions in the world.
image Govt. Creates Electoral Bonds to Cleanse Election Financing System
In a bid to clean up election financing, the Government announced new electoral bonds that donors can buy from the State Bank of India (SBI), which receiving political parties can cash in only through a designated bank account. The electoral bonds, which are being pitched as an alternative to cash donations made to political parties, will be available at specified branches of the SBI for 10 days each in January, April, July and October


calender Jan 5, 2018

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