October 24, 2016
Every day we compile the latest news on the Indian economy to keep you abreast and updated on the current state of commercial affairs. So that Indian economy news stays fresh and crisp as your daily newspaper, with inputs from the best resources. Our compilations bring business news reports that are relevant today and tomorrow, giving vital inputs on the various sectors of the Indian Industry and trade. The news gathered from across the financial and political hubs of India so that you know the shape of things to come in the Indian economy.
Steel production in India increased 8.5 per cent year-on-year to 7.8 million tonne (MT) in September 2016: World Steel Association
New Delhi: India seeks to widen economic cooperation with Sri Lanka by negotiating the Economic and Technology Cooperation Agreement (ETCA), which is expected to boost cooperation in technical areas, scientific expertise and research among institutions, boost standards of goods and services and improve opportunities for manpower training and human resource development, between the two countries.
New Delhi: The Government of India and The World Bank have signed a US$ 650 million loan agreement for the Eastern Dedicated Freight Corridor-III (EDFC-III) project, which is expected to enhance railway transport capacity, improve service quality and boost freight carriage on the 401-km- long Ludhiana-Khurja section of the EDFC, along with developing institutional capacity of Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) to build, maintain and operate the entire network.
New Delhi: Prime Minister Mr Narendra Modi has stated that the Government seeks to make India a global hub for arbitration by undertaking various legal reforms, including scrapping of over 1,000 archaic laws, enacting the Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Act, and the Arbitration and Conciliation Act (Amendment) Act, the Bankruptcy and Insolvency Code.
New Delhi: The Government of India aims to start a new regional connectivity scheme (RCS) called Ude Desh ka Aam Nagrik (UDAN) by January 2017, under which fares will be capped at Rs 2,500 (US$ 37.37) for half the seats in an one-hour flight.
New Delhi: China based LCD and touchscreen panel manufacturer, Holitech Technology, plans to invest up to US$ 1 billion in India next year, as per the company’s CEO Mr Bingshuang Chen.