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Amidst global headwinds, India is seen as bright performer and a driver of growth: Shaktikanta Das
The Indian economy is looked favourably by the global investment community, due to its ability to grow well at 7 per cent and above, in the midst of global growth challenges, as per Mr Shaktikanta Das, Secretary, Department of Economic Affairs, Ministry of Finance.
India to grow at 7.6% in FY17 on urban spending: UN report
The Indian economy is expected to grow by 7.6 per cent in FY 2016-17, mainly due to increased urban household spending amid steady employment growth and low inflation, as per the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP).
ISRO launches rocket carrying India's seventh navigation satellite
The Indian Space Research Organisation (ISRO) has completed its mission of developing India's independent navigation system by launching Indian Regional Navigation Satellite System (IRNSS - 1G), the seventh and final navigation satellite, which will reduce the country's dependency on US Global Positioning System.
DIPP looks to reduce delays in clearing intellectual property applications
The Department of Industrial Policy and Promotion (DIPP) aims to lower the time taken to clear pending intellectual property rights (IPR) applications to 18 months by March 2018 and those of trademarks to one month by March 2017, which is expected to encourage innovation and entrepreneurship in the country.
E-commerce poised for a big leap: report
India’s business to business (B2B) e-commerce market is expected to reach US$ 700 billion by 2020 whereas the business to consumer (B2C) e-commerce market is expected to reach US$ 102 billion by 2020, as per a report by the Confederation of Indian Industry (CII) and Deloitte Touche Tohmatsu India LLP.
India leveraging Hannover Messe for transforming manufacturing; Make in India big hit
India is participating in Hannover Messe 2016 to leverage the technology fair for promoting the ‘Make in India’ programme, which is already witnessing high interest as being India’s initiative to welcome global companies to manufacture in India.
Govt to make patent clearance process faster
Government of India has added 458 examiners for patents, designs and trademarks while 263 examiners would be hired on contract basis which is expected to reduce the time taken to examine applications from the current five-to-seven years to 18 months by March 2018.
India-Singapore urban management programme launched
An urban management program has been organised by Temasek Foundation (TF), Singapore Cooperation Enterprise (SCE) and National Institution for Transforming India Aayog (NITI Aayog) in order to get assistance from Singapore to improve urbanisation process in India.
India and Saudi Arabia sign framework for Investment Promotion Cooperation
Invest India and Saudi Arabian General Investment Authority (SAGIA) have signed a framework for Investment Promotion Cooperation for key sectors such as infrastructure, energy, manufacturing, transport, education and healthcare.
Speeding up FDI: Automatic approval likely for more sectors, says Shaktikanta Das
Mr Shaktikanta Das, Secretary, Department of Economic Affairs, Ministry of Finance outlined Government of India's plans to liberalise Foreign Direct Investment (FDI) rules by putting more sectors under the automatic route, which will fast track Foreign Investment Promotion Board (FIPB) process thereby making India an attractive investment destination.
India’s first small finance bank launched
India’s first small finance bank called the Capital Small Finance Bank has started its operations by launching 10 branch offices in Punjab, and aims to increase the number of branches to 29 in the current financial year 2016-17.
Apple eyes India for future growth
Bengaluru: Mr Tim Cook, Chief Executive Officer of Apple Inc, has expressed confidence that India looks a bright spot for the company among the other emerging economies based on high sales growth recorded during the January-March 2016 quarter.