India launches mission to skill 400 million by 2022

On the occasion of World Youth Skill Day, Prime Minister Mr Narendra Modi launched the government's National Skill Development Mission aimed at training 400 million Indians by 2022.

ADB's India forecast: Sunny with a chance of 7.8% growth

The Asian Development Bank (ADB) estimates India’s GDP to grow at 7.8 per cent in FY16 and 8.2 per cent in FY17, higher than growth estimate of 7.5 per cent by International Monetary Fund (IMF) and 7 per cent by The World Bank. The higher growth estimate is based on growth expectations in agriculture, investments and services sector.

Government clears 10 FDI proposals worth Rs 1,675 crore

The government, based on recommendations of Foreign Investment Promotion Board (FIPB) has cleared 10 proposals for Foreign Direct Investment (FDI) worth Rs 1,675 crore (US$ 264 million) across sectors such as Pharmaceuticals, Broadcasting and Telecom.

Government clears defence proposals worth Rs 30,000 crore, to buy four P8I maritime patrol aircraft

Government's Defense Acquisition Council has cleared purchases of variety of defense equipment worth Rs 29,000 crore (US$ 4.5 billion), which includes air defense guns (to be manufactured in India), four spy planes from Boeing and upgradation of weapons systems of six naval ships.

FDI in equity jumped 48% after launch of 'Make in India': Commerce and Industry ministry

Foreign direct investment (FDI) into equity increased 48 per cent during October 2014 to April 2015 period, compared to corresponding period last year, led by the 'Make in India' programme launched in September 2014.

RBI aims to facilitate credit flow by providing support to farm produce aggregation

The Reserve Bank of India (RBI) will support arrangements for aggregating farm produce to facilitate credit flow to the agriculture sector, particularly from foreign banks operating in India, as RBI has extended priority sector lending rules to foreign banks and has given a roadmap with timeframe for foreign lenders to meet PSL targets.