India and South Africa "bright spots" among larger emerging markets: World Economic Forum

India and South Africa have been called the ‘bright spots’ among the emerging markets by the World Economic Forum (WEF), as both these countries improved their ranking in the Global Competitiveness Index for this year compiled by WEF.

India emerges top FDI destination leaving behind China, US in 2015

India has received the highest foreign direct investment (FDI) in 2015 so far with US$ 31 billion inflows during January-June, higher than China (US$ 28 billion) and the US (US$ 27 billion), as per a report by Financial Times.

Finance Minister: Government welcomes the Reserve Bank of India’s decision to reduce the repo rate to 6.75 per cent from 7.25 per cent

The Union Finance Minister Mr Arun Jaitley welcomed the decision by Reserve Bank of India (RBI) to reduce the repo rate by 50 basis points to 6.75 per cent, which combined with actions taken and planned by the Government, is expected to further boost investments in the economy.

Indo-US bilateral trade can increase five-fold to US$ 500 billion by 2025, as per PwC and Indo American Chamber of Commerce (IACC) Report

Bilateral trade between India and the US is expected to touch US$ 500 billion by 2025 according to a survey conducted by PwC and Indo American Chamber of Commerce (IACC).

Google to give Wi-Fi access in 500 railway stations

Global search giant Google will provide Wi-Fi access to over 500 railway stations in India while the country’s national open fibre network aims to provide broadband access to 600,000 villages in the country.

Faster land acquisition spurs National Highway drive

The speed of construction of highways has increased to 16 km per day till August 2015 from 13 km per day last year, as the government has expedited the process of land acquisition along with resolving other issues responsible for stalled projects.

Sebi in favour of gradually allowing more commodity products

The Securities and Exchange Board of India (SEBI) plans to gradually introduce more commodity products and allow more participants in the commodity derivatives market in India.

RBI to open up foreign investment limit in govt securities in phases

The Reserve Bank of India (RBI) has announced an increase in limit of foreign portfolio investment in central government securities to 5 per cent of the outstanding stock of such government securities by March 2018 in phases.

FIPB clears 18 FDI proposals worth Rs 5,000 cr

The Foreign Investment Promotion Board (FIPB) cleared 18 foreign direct investment (FDI) proposals worth about Rs 5,000 crore (US$ 760.2 million) out of a total of 31 proposals discussed.

India is embarking bigger power ties with SAARC nations- Piyush Goyal

Union Minister of State for Coal, Power and New and Renewable Energy, Mr Piyush Goyal stated that India is increasing its power ties with SAARC nations, while speaking at the valedictory function of South Asian Economic Conclave organised by the Confederation of Indian Industry (CII).

Index of Eight Core Industries increased 2.6 per cent in August 2015

The combined Index of Eight Core Industries increased 2.6 per cent year-on-year in August 2015, compared to 1.1 per cent increase in July 2015.

Top executives of tech giants pledge support for Digital India initiative

Top executives of global information technology giants such as Google Inc, Microsoft Corp and Qualcomm Inc have expressed interest in supporting Government of India in the Digital India initiative that aims to ensure availability of government services to citizens over the internet.