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India will continue to be one of the fastest-growing economies: Unilever CEO Paul Polman
India is expected to continue being one of the fastest-growing economies due to a large and growing population as well as several government programmes that promote inclusive growth, as per Mr Paul Polman, CEO of Unilever.
India’s economy will grow 7.6% in 2015-16, faster than last year
Indian economy is expected to grow at 7.6 per cent in FY 2015-16, faster than the 7.2 per cent growth during FY 2014-15 and is expected to remain the world’s fastest growing major economy, as per estimates by the Central Statistical Organisation (CSO).
Indian economy robust: FinMin
The Finance Ministry has affirmed that the Indian economy is still robust, as evident from the expected growth of 7.6 per cent in Gross Domestic Product (GDP) in 2016 estimated by the Central Statistics Office (CSO), notwithstanding the performance of domestic stock market, which in spite of the recent fall is still better than that of several other nations.
Maharashtra government targets Rs 4-lakh crore investments
The Government of Maharashtra expects investments worth Rs 4 lakh crore (US$ 58.66 billion) during the Make in India (MII) week to be held in Mumbai between February 13-18, 2016, which will be the host to around 8,000 Indian companies and multinational companies from 68 countries.
EDF unit forms Rs7,500 crore JV with Indian group for developing wind assets
Global renewable energy firm EDF Energies Nouvelles, a unit of France-based electric utility EDF Group, has entered into an equal joint venture (JV) with India’s SITAC Group called the SITAC Management and Development Private Limited, with a plan to put up 1,000 megawatts (MW) of wind projects across India with an investment of Rs 7,500 crore (US$ 1.1 billion) over the next three to five years.
India, US sign agreement to improve systems at DGCA
Directorate General of Civil Aviation (DGCA), India's aviation regulator, has signed an agreement with United States Technical Development Agency (USTDA) for India Aviation Safety Technical Assistance Phase II, aimed at bringing in systemic improvements in the area of operation, airworthiness and licensing.
Trai recommends licence amendment to facilitate Internet calls
Telecom Regulatory Authority of India (TRAI) has recommended amendments in the Unified Licence in order to facilitate interconnection at internet protocol (IP) level among licenced operators which will allow users on a network like Reliance Jio Infocomm's VoLTE-based 4G network to call subscribers of operators who operate traditional circuit switch (CS) mobile networks like Bharti Airtel, Vodafone India or Idea Cellular.
Minister for Telecom & IT to Launch Electronics Development Fund (EDF)
Department of Electronics & Information Technology and M/s Canbank Venture Capital Fund Ltd plan to launch an Electronics Development Fund (EDF), which will be a 'Fund of Funds' to invest in 'Daughter Funds' which would provide risk capital to companies developing new technologies in the area of electronics, nano-electronics and Information Technology (IT).