More India Positive News >>
Government relaxes more FDI norms, allows 100% in defence, aviation
The Government of India has relaxed foreign direct investment (FDI) norms, allowing up to 100 per cent FDI in defence, food product e-commerce, scheduled airlines, and greenfield pharma, 74 per cent in brownfield projects, and up to 49 per cent FDI in airlines through the automatic route.
Launch of Korea Plus; Strengthening India – Korea Relations
The Government of India and the Government of the Republic of Korea have launched Korea Plus, a platform aimed at promoting and facilitating Korean investments in India.
India and UK join hands to work as R&D partners in Solar Alliance and Nano Material Research
The Government of India and the Government of the United Kingdom have signed an agreement to work together in the fields of Solar Energy and Nano Material Research, which is expected to yield high quality and high impact research outputs having industrial relevance, targeted towards addressing societal needs.
Isro successfully launches 20 satellites from Sriharikota
The Indian Space Research Organisation (ISRO) has successfully launched 20 satellites and injected them into the required orbit, launching the maximum number of satellites in a single mission ever. The launch took place aboard the Polar Satellite Launch Vehicle (PSLV-C32) at the Satish Dhawan Space Centre in Sriharikota.
Memorandum of Understanding (MoU) signed between IWAI and IPGPL on the Kaladan Multimodal Transit Transport Project
Inland Waterways Authority of India (IWAI) and India Ports Global Private Limited (IPGPL) have signed a Memorandum of Understanding (MoU) for implementation of three additional works worth Rs 476 crore (US$ 70.5 million) in the Kaladan Multimodal Transit Transport Project (KMTTP) in Myanmar.
RBI’s Vision 2018 zeroes in on electronic payments
The Reserve Bank of India (RBI) has released the Vision 2018 document, aimed at encouraging greater use of electronic payments by all sections of society by bringing down paper-based transactions, increasing the usage of digital channels, and boosting the customer base for mobile banking.
Establishment of Fund of Funds for funding support to Start-ups
The Union cabinet has approved the establishment of a Fund of Funds for Startups (FFS) at Small Industries Development Bank of India (SIDBI), with a corpus of Rs 10,000 crore (US$ 1.48 billion), which would extend funding support to start-ups and encourage entrepreneurship in the country.
Cabinet approves Special Package for Job Creation & Export Promotion in Textile & Apparel Sector
The Union Cabinet has cleared a Rs 6,000 crore (US$ 888 million) package for the textile sector, aimed at generating 10 million jobs and increasing textile exports by US$ 30 billion in the next three years.
Government to electrify all villages by 2016 end: Piyush Goyal
Mr Piyush Goyal, Minister of State (Independent Charge) for Power, Coal, New and Renewable Energy, has stated that the Government of India has set a target to electrify all un-electrified villages in the country by the end of 2016.
Government sets stage set for largest ever spectrum auction
The Government of India has cleared India's biggest spectrum auction across seven bands, which is expected to generate revenue of Rs 5.66 trillion (US$ 83.78 billion), expand the bandwidth and the ability of telecom companies to service consumers and address the problem of call drops.
China rolls out sops for investments to Indian pharma companies
The Government of the People's Republic of China is seeking to lure Indian drug companies to set up greenfield operations in China by providing a spectrum of incentives like tax benefits, ready availability of resources and equipment cost and logistics subsidy.
IISc Bangalore among top 30 Asian universities in THE 2016 ranking
The Indian Institute of Science (IISc), Bengaluru, has moved up 10 positions to rank 27th among the top 200 universities in Asia, according to the Asian University Ranking 2016 by the UK’s Times Higher Education (THE).