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Inter-Governmental Agreement between India and Mauritius on cooperation in cooperatives and related fields
The Union Cabinet has approved signing of an agreement between India and Mauritius, for a duration of five years, which aims to promote cooperation through short and medium term programmes.
Govt notifies relaxed FDI norms for asset reconstruction companies
The Department of Industrial Policy and Promotion (DIPP) has allowed 100 per cent foreign direct investment (FDI) in asset reconstruction companies (ARC) under automatic route, which will help to tackle the issue of declining asset quality of banks.
New policy to allow foreign cos in mine exploration
The Government of India is preparing a new National Mineral Exploration Policy (NMEP), aimed at augmenting mineral production in the country by allowing private companies, including foreign companies, to participate in mine exploration.
India to influence global energy markets: IEA
Mr Paul Simons, Deputy Executive Director, International Energy Agency (IEA), expects India to be a major player in the global energy market during the next 25 years and to exert influence on various aspects of oil, gas, renewable energy market and improvements in energy efficiency.
India–South Korea Pact for Development of Ports
The Ministry of Shipping, India and the Ministry of Oceans and Fisheries, Korea have signed a Memorandum of Understanding (MoU) for cooperation in terms of sharing technology and experiences in port development and operation, and joint port-related construction, building and engineering projects.
Indo-Japan Collaboration in the Field of Science & Technology
India and Japan are exploring ways to strengthen their collaboration in various fields of science and technology, such as artificial intelligence, energy, ocean sciences, marine instrumentation, high skill development and analysis of Big Data, research & development and bio information, while many projects are in the planning process.
Sebi plans to ease funding, listing norms for start-ups
The Securities and Exchange Board of India (SEBI) looks to ease rules and regulations governing start-ups by expanding the categories of investors eligible to fund start-ups, easing rules for listing shares and relaxing promoter-holding norms.
266% Growth in Tourists arrival on E-Tourist Visa in April 2016 over the same period in 2015
Foreign tourists arrivals (FTA) in India on e-tourist visa (eTV) have grown by 266 per cent year-on-year to 70,045 tourists in April 2016, according to the Ministry of Tourism.
Silver jewellery exports up five times in five years
Silver jewellery exports from India have increased to US$ 2.96 billion in FY2015-16 from US$ 566 million in FY 2010-11, according to data from Gems and Jewellery Export Promotion Council (GJEPC).
Civil aviation ministry clears aviation policy for final cabinet approval
The Ministry of Civil Aviation has finalised and put forward for approval to the Union Cabinet, the new aviation policy, which includes proposals such as allowing new airlines to fly abroad, introduction of more regional flights and a new formula for granting bilateral flying rights.
Spanish high street label Massimo Dutti enters India
Massimo Dutti, a premium fashion brand from Spain offering sophisticated womenswear, menswear, footwear and accessories, has entered India by opening its first store at the Select Citywalk mall in New Delhi.
‘India will be one of our top 3 markets by 2021’ - CEO, Johnson Controls-Hitachi Air Conditioning
Mr Franz Cerwinka, Chief Executive Officer at Johnson Controls-Hitachi Air Conditioning (JCH), has stated that India, as being among the top 10 markets, contributes around 10 per cent of the company's business and will likely become one of the top three markets globally for JCH by 2021.