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IMF retains India’s growth forecast, cuts global projection
The International Monetary Fund (IMF) has retained India's growth projections for 2016-17 at 7.5 per cent and expects the growth to be driven by private consumption which is supported by lower energy prices and higher real incomes.
India retains top spot in Credit Suisse emerging markets consumer survey
India has once again achieved top spot in the Credit Suisse consumer confidence survey as Indian participants were more confident about their current and future finances among nine emerging market economies.
India leads South Asia growth: World Bank
According to the World Bank, India's economic growth is expected to rise from 7.5 percent in 2016 to 7.7 percent in 2017, propelling South Asia to becoming the fastest-growing region globally.
India-Iran sign agreements on crude oil imports, gas field development
India and Iran have signed agreements related to crude oil imports, petrochemical complexes, and gas field development, in addition to India committing to invest US$ 20 billion in the port of Chabahar in Southeastern Iran.
Procedure for Establishment of Branch Office (BO)/Liaison Office (LO)/Project Offices (PO) in India by Foreign entities simplified
The Government of India has delegated the power to grant approvals for establishment of Branch Office (BO)/Liaison Office (LO)/Project Offices (PO) by foreign entities in India which will improve the ease of doing business in the country to the Authorised Dealers Category-1 banks.
347.5% Growth in Tourists arrival on e-Tourist Visa in March 2016 over the same period in 2015
Foreign tourist arrivals (FTA) in India on the e-Tourist Visa (eTV) have increased by 347.5 per cent year-on-year to 116,000 in March 2016, as per the Ministry of Tourism.
Electronics companies aim to use Indian base to tap local & overseas customers
The Indian electronics and hardware industry is expected to reach US$ 112-130 billion by 2018 as electronics and hardware manufacturers are looking to increase their manufacturing base in India to cater to the domestic market as well as the Middle East, Africa and SAARC countries, as per a study by The Associated Chambers of Commerce of India (ASSOCHAM) and EY.
Highest ever 94 MTPA capacity added in Port sector in 2015-16; National Sagarmala Apex Committee approves National Perspective Plan on Sagarmala
The Indian Port sector witnessed capacity addition of 94 million tonnes per annum (MTPA) in FY 2015-16, which is the highest in the history of major ports, while the National Sagarmala Apex Committee (NSAC) has approved the National Perspective Plan (NPP) on Sagarmala, aimed at promoting the development of country’s coastline and maritime sector.
Nuclear Fuel Complex sets new production record for 2015-16 by producing nearly twice its capacity
The Nuclear Fuel Complex (NFC) in Hyderabad, a part of the Department of Atomic Energy (DAE), has set a new world record with production of 1,503 metric tonnes (MT) of nuclear fuel in FY 2015-16 which is nearly twice its capacity of 850 MT.
2016 see over 400 deals worth US$11.9 billion in first quarter: Grant Thornton
Mergers and acquisitions (M&A) and Private equity (PE) investments in India during January-March 2016 increased 27 per cent over October-December 2015 to reach US$ 11.9 billion across 400 deals, as per data from Grant Thornton India LLP.
Critical phase of reforms in progress now, says Jaitley
Mr Arun Jaitley, Minister of Finance, Government of India believes that India is in the middle of one of its most important phase of economic and structural reforms and is witnessing signs of a revival.
Export of coconut and coconut products touch a peak of Rs 1450 crore
India’s export of coconut and coconut products, excluding coir and coir products, has increased by 11 per cent year-on-year to Rs 1,450 crore (US$ 218 million) in FY 2015-16 as per the Coconut Development Board (CDB).