India business confidence picks up in January: Survey

Business confidence level in India rose in January 2016 for the first time in three months to 61.8 points, the highest since October 2015, as per the MNI India Business Sentiment Indicator, an index based on survey of companies listed on the Bombay Stock Exchange (BSE).

India gets more voting rights as IMF implements quota reforms

India's share of voting rights in the International Monetary Fund(IMF) has increased to 2.75 per cent from 2.44 per cent, making it the eighth-largest shareholder post the implementation of quota reforms.

Government announces first batch of 20 smart cities from 11 States and Delhi

The Government of India has announced the list of 20 cities to be developed under the Smart City Mission, and which are expected to attract an investment of Rs 50,802 crore (US$ 7.4 billion) over the next five years.

European investors see positive change in India's business ease: Tomasz Kozlowski, Ambassador of EU

Mr Tomasz Kozlowski, Ambassador of the European Union (EU) has witnessed positive change in India's business ease and hopes to increase trade volume with India which currently stands at US$ 100 billion.

Government plans National Investment Grid to map business opportunities across country

Government of India plans to create a National Investment Grid to map business opportunities across the country which will make it easier for investors, especially domestic investors, to access and explore investment opportunities.

Hybrid Annuity model for implementing highway projects approved

The Cabinet Committee on Economic Affairs (CCEA) has approved a hybrid annuity model for implementing highway projects, which adopts a more rational approach to allocation of risks between the government and the private developer, and is hence expected to revive highway projects construction in India.

Pharma exports to developed nations become easier as government scraps 'No Objection Certificate' rule

As part of its endeavour to improve ease of doing business, the Government of India has removed the requirement of obtaining a 'No Objection Certificate (NOC)' from the Ministry of Health & Family Welfare for export of drugs, medical devices and cosmetics to developed countries such as US, Canada, Japan, Australia and European Union.

France will partner India to build three 'smart' cities

The Agence Française de Developpement (French Development Agency) has signed Memorandum of Understanding (MOU) with the Government of Union Territory of Chandigarh, Government of Union Territory of Puducherry, and the Government of Maharashtra to develop Chandigarh, Puducherry and Nagpur respectively as smart cities, as part of Government of India's initiative to develop 100 Smart Cities across India.