IMF retains India’s growth forecast at 7.5% for FY17

International Monetary Fund (IMF) has retained its forecast for India's growth for FY 2016-17 at 7.5 per cent, which is estimated to be driven by strong domestic consumption led by low energy prices.

Indian companies boost growth in Britain

The combined income of Indian companies in Britain increased 19 per cent to Rs 2.5 trillion (US$ 37.65 billion) in 2015, while the number of companies growing more than 10 per cent increased from 36 to 62, as per a report by Grant Thornton UK and the Confederation of Indian Industry (CII).

Memorandum of Understanding between India and Qatar for promoting bilateral cooperation in the field of Information Communication Technology

India and Qatar have consented on a Memorandum of Understanding for promoting bilateral cooperation in the field of Information Communication Technology (ICT), which involves cooperation between governments and public organisations of both countries in the field of ICT.

Real Estate Act comes into force on May 01, 2016

The Government of India has brought into force the Real Estate (Regulation and Development) Act, 2016 on May 01, 2016, which is aimed at making necessary operational rules and creating an institutional infrastructure for protecting the interests of consumers and promoting growth of the real estate sector in India.

Indian healthcare IT now a $1 billion market, says Nasscom

The Indian Healthcare Information Technology (IT) market is valued at US$ 1 billion currently and is expected to grow 1.5 times by 2020, as per a report by the National Association of Software and Services Companies (NASSCOM).

Core sector expands 6.4% in March to 16-month high

The growth in combined output of eight core infrastructure sectors for March 2016 increased to 6.4 per cent year-on-year, which is the highest in the past 16 months, as per the data released by the Ministry of Commerce and Industry.

India lends support to strong Asian region growth: ADB president

Mr Takehiko Nakao, President, Asian Development Bank (ADB), has expressed confidence that strong economic growth in India will provide an impetus to Asia's overall economic expansion which is expected to grow at 5.6 per cent in 2016.

Government to sign a pact with WHO in the field of traditional medicines

The Union Cabinet has approved signing of an agreement with the World Health Organisation (WHO) under which WHO will develop technical documents on traditional medicines which is expected to lead to better acceptance of Indian systems of medicines at an international level.

Exports likely to get clearance in a day under Make in India green channel

The Government of India plans to give a big boost to local manufacturing by introducing the new 'Make in India green channel', which will reduce the time taken for cargo clearance at ports from about a week to a few hours without any upfront payment of duties.

Internet users in India to cross 500 mn in 2016: Prasad

Mr Ravi Shankar Prasad, Union Minister for Communications and Information Technology (IT), has predicted that the number of Internet users in India will likely reach 500 million by the end of 2016.

Flexibility in utilisation of domestic coal for reducing the cost of power generation

The Union Cabinet has allowed grouping together of all the long term coal linkages of individual State Generating Stations (SGS) or Central Generating Stations (CGS) and assigning them to respective states or state nominated agency and company owned the CGS respectively, thus allowing flexibility in utilisation of domestic coal among the power generating stations.

Coastal corridor can unify India's domestic market: ADB

The Asian Development Bank (ADB) has predicted that the upcoming Vizag-Chennai Industrial Corridor (VCIC) can help unify India's domestic market, integrate its economy with Asia's global value chains, and support the Make in India initiative to attract foreign funds and boost manufacturing in the country.