World Bank sticks to India’s growth outlook , seeks key reforms

The World Bank has maintained India's growth forecast at 7.5 per cent for the current fiscal amidst the unfavourable global economic scenario.

India set to grow faster than other emerging markets, as per IMF (Agency France Press)

Indian economy is expected to grow faster than every other major emerging market in FY 2015-16 as result of increase in investments, policy reforms and lower commodity prices, according to the International Monetary Fund (IMF).

Government looks to ease FDI rules

The Government of India plans to further simplify rules for Foreign Direct Investment (FDI) such as increasing FDI investment limits in sectors and include more sectors in the automatic approval route, to attract more investments in the country.

Equity funds add 12,000 accounts a day in FY16

Indian equity mutual funds have witnessed around 12,000 new equity accounts being opened every day in this financial year, which is the fastest pace of equity folio openings since the bull run of FY 2007-08.

Cabinet set to clear interest subsidy scheme for exporters

The Union cabinet is set to clear an interest subsidy scheme for exporters for a period of five years, under which labour-intensive exporting sectors are likely to be provided a two to three per cent interest subsidy per year.

India and Germany sign agreements for furthering cooperation in the field of Science & Technology

The Union Minister for Science & Technology and Earth Sciences Dr Harsh Vardhan and the German Federal Minister for Education and Research Ms Johanna Wanka signed the main agreement for increased cooperation between the two countries in the field of science and technology, while delegates from both countries discussed and agreed to increase cooperation in several other areas.

Centre to invest Rs 70,000 crore in ports in 5 years

The Government of India is looking to invest around Rs 70,000 crore (US$ 10.7 billion) in 12 major ports in the next five years under the 'Sagarmala' initiative in order to promote 'port-led development' along India's 7,500 km long coastline.

New IPR policy in 2 months: DIPP secy

A new Intellectual Property Right (IPR) policy is expected to be announced in next few months to address the concerns of foreign industries operating In India and those looking to invest in the country, as per Mr Amitabh Kant, Secretary, Department of Industrial Policy and Promotion (DIPP).

India dominates air traffic growth: IATA

India posted the highest growth of 18.3 per cent in domestic airline traffic among top six domestic airline markets globally in August 2015, led by new airlines, increased demand and cheaper tickets due to fall in fuel prices, according to the International Air Transport Association (IATA).

Centre to allocate Rs.3,000 cr more for merchandise exports scheme

The Ministry of Commerce and Industry has increased the allocation for the Merchandise Exports from India Scheme (MEIS) by Rs 3,000 (US$ 460 million) to Rs 21,000 (US$ 3.2 billion) for the year FY 2015-16, in order to help exporters.

Govt soon to announce greater trade agreement with Chile

India is likely to announce a focused trade pact with Chile as a part of its initiative to increase trade with Latin America, as per Ms Rita Teaotia, Secretary, Ministry of Commerce and Industry.

World Bank Assisted Project "Neeranchal" for the Watershed Component (Erstwhile Integrated Watershed Management Programme) of the Pradhan Mantri Krishi Sinchayi Yojana

The Cabinet Committee on Economic Affairs (CCEA) has given its approval to implement National Watershed Management Project "Neeranchal" which is assisted by The World Bank and has a total outlay of US$ 357 million at national level and in nine states.