October 21, 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.
Foreign Tourist Arrivals (FTAs) in September 2016 increased 13.4 per cent year-on-year to reach 615,000: Ministry of Tourism
New Delhi: Mr Abhishek Tyagi, Vice President and Senior Analyst at Moody's Investors Service has said that by enhancing India's (Baa3 positive) public-private partnership (PPP) model, India can attract more private sector investment towards infrastructure projects.
New Delhi: Mr Jayant Sinha, Minister of State for Civil Aviation, said that the civil aviation sector is expected to grow at an average rate of about 10-12 per cent in next ten years and with proper manpower skilling and training, the sector has the potential to create about one million direct jobs and about five million indirect jobs.
New Delhi: The Reserve Bank of India (RBI) has decided to allow foreign direct investment (FDI) up to 100 per cent through the automatic route to the regulated financial services companies other than banks or insurance companies, with a view to attract foreign investments in the country.
Bengaluru: The Government of Karnataka has signed agreements with the Akshaya Patra Foundation and Akshara Foundation, which involves serving fortified rice to 4.5 lakh children in 2,600 schools in Bengaluru, Ballari and Dharwad districts as part of the midday meal programme, in an effort to tackle malnutrition and improve learning levels in the state.
Bengaluru: India’s third largest software services firm Wipro will be spending US$ 500 million to acquire US-based cloud services firm Appirio that helps corporates implement cloud applications and move their applications to hosted servers offered by Amazon, Google and Salesforce.com.