Basic urban infra investment plans for 102 cities approved under AMRUT

Ministry of Urban Development has approved investment of Rs 3,120 crore (US$ 467.4 million) for enhancing water supply, sewerage network services, storm water drains, non-motorised transport and availability of public spaces in 102 cities, under Atal Mission for Rejuvenation and Urban Transformation (AMRUT) in order to improve basic infrastructure in urban area.

India Inc sees green shoots in economy

A majority of Indian CEOs are optimistic about economic growth based on recent strong growth across industries such as automobiles (two-wheeler and four-wheelers sales), oil demand, power consumption, coal mining, road construction, and real estate.

India tops in corporate responsibility reporting: KPMG

India has topped the corporate responsibility reporting globally, as per KPMG Survey of Corporate Responsibility Reporting 2015.

CCI received 21 merger filings in October, highest in any month in the last four years

The Competition Commission of India (CCI) has received 21 filings seeking approval for mergers in October 2015, which is the highest number for any month in the past four years, and appears as yet another positive indication of the growth momentum in the Indian economy.

Govt readies new policy on start-ups

The Ministry of Finance is designing a new start-up policy which will seek to promote innovation, offer tax incentives in the form of tax sops to small unlisted start-ups as well as focus on ease of doing business, compliance and exits.

Finance Ministry to clean-up trade transfer pricing norms to make doing business easy

The Ministry of Finance has planned to simplify rules, regulations, and processes that govern transfer pricing norms and has proposed to introduce an electronic interface to reduce delays and disputes in the process, thereby improving the ease of doing business.

Shri M. Venkaiah Naidu announces Rs. 3,250 cr bonanza for decongestion and development of Delhi

Mr M Venkaiah Naidu, Minister of Urban Development, has announced a package of Rs 3,250 crore (US$ 490 million) for Delhi to fund various projects required for decongestion of roads and development of the city, funded from the Urban Development Fund of the Ministry.

An Umbrella Scheme ‘Blue Revolution: Integrated Development and Management of Fisheries’ with an outlay of Rs. 3000 crore Proposed- Radha Mohan Singh

Mr Radha Mohan Singh, Minister of Agriculture and Farmer Welfare, has announced 'Blue Revolution: Integrated Development and Management of Fisheries' scheme with an outlay of Rs 3,000 crore (US$ 452 million) which will merge all the existing schemes related to inland fisheries, aquaculture, and marine fisheries, thereby helping effective implementation of the schemes.

Bids for transmission projects worth Rs 12,000 crore to be invited soon

The Government of India is planning to invite bids for transmission projects of around Rs 12,000 crore (US$ 1.8 billion) which include the Warangal project in the state of Telangana, estimated to cost around Rs 9,000 crore (US$ 1.3 billion) and a project in Odisha with an estimated cost of Rs 3,000 crore (US$ 451.4 million); both these projects are part of Rs 100,000 crore (US$ 15.0 billion) investment planned in the power sector.

Construction equipment industry is seeing signs of growth: Icema report

The Indian construction equipment industry is reviving after a gap of four years and is expected to grow to US$ 5.0 billion by FY2019-20 from current size of US$ 2.8 billion, according to a report released by the Indian Construction Equipment Manufacturers’ Association (Icema).

AAI, states to develop four airports in partnership

Airports Authority of India (AAI) plans to develop airports at Kushinagar (Uttar Pradesh), Devgarh (Rajasthan), Jharsuguda (Odisha), and Shirdi (Maharashtra) through joint ventures with their respective state governments by forming a special purpose vehicle, so that states can become equity partners in the projects.

India surpasses 500 million mobile subscribers: Study

India's mobile subscriber base is expected to cross 500 million subscribers by the end of 2015 from 453 million subscribers at the end of 2014, as per GSMA report 'The Mobile Economy: India 2015'.