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Govt introduces two labour reform bills in Lok Sabha
The Government of India introduced two Labour Reform Bills in the Lok Sabha to revamp the earlier labour laws with proposals aimed to create millions of jobs and expand manufacturing.
RBI eases norms for refinancing of long-term project loans
The Reserve Bank of India (RBI) gave banks more flexibility to refinance their existing long-gestation project loans, worth Rs 1,000 crore (US$ 162.42 million) and more, and also allowed a partial buyout of such loans by other financial institutions.
India and Bhutan to strengthen cooperation in agriculture and allied sectors
India and Bhutan plan to strengthen strategic cooperation in the field of agriculture and allied sectors between the two countries.
Cabinet clears FDI proposals in railway infrastructure, defence
The Government of India has cleared foreign direct investment (FDI) proposal in railway infrastructure and has increased the cap in the defence from 26 per cent to 49 per cent.
Automatic clearance for coal linkage for new power plants
The Government of India has decided to provide automatic clearance for coal linkage to new power plants and will also be allowed to enhance capacity up to 50 per cent.
India and Japan agree to further strengthen Cooperation in Education
India and Japan have agreed to further strengthen cooperation in education and cooperate in sharing knowledge through the National e-library initiative of the Indian Government and also in India's Massive Open Online Courses (MOOCs).
Services sector expands for third straight month
The HSBC Purchasing Managers Index (PMI) for services stood at 52.2 points in July 2014, expanding for the third month in a row.
Doordarshan to expand international presence to Europe, Africa
Prasar Bharati signed a memorandum of understanding (MoU) with German public service broadcaster Deutsche Welle, in a bid to expand the reach of Doordarshan India (DD India) into Europe, Central Asia and the Middle East.
Honda to set up world's largest scooter plant in India
Honda Motors plans to set up the world's largest scooter plant in Gujarat to roll out 1.2 million units annually and achieve leadership position in the Indian two-wheeler market.
Manufacturing PMI rises to 17 month high in July
Manufacturing activities in India rose the most in 17 months in July, according to the HSBC Purchasing Managers' Index (PMI).