India in a 'state of preparedness' to face any global threat, including Brexit: FSDC

The Financial Stability and Development Council (FSDC), consisting of all financial regulators, secretaries of finance ministry, Chief Economic Advisor and chaired by Mr Arun Jaitley, Minister of Finance, reviewed the situation developing from Britain's exit from the European Union, and concluded that India is well prepared to face global developments, on back of improved macroeconomic fundamentals, large reserves and accelerated financial sector reforms, which can counter market volatility

Minister of Mines Shri Narendra Singh Tomar launches “National Mineral Exploration Policy”

Mr Narendra Singh Tomar, Union Minister of Steel, Mines, Labour and Employment, has launched the National Mineral Exploration Policy (NMEP), which will help to adopt comprehensive exploration of non-fuel and non-coal mineral resources that would give a major boost to the economy.

India’s pharma industry expected to grow to $55 billion by 2020

Indian pharmaceutical market is expected to grow to US$ 55 billion by 2020, thereby emerging as the sixth largest pharmaceutical market globally by absolute size, as stated by Mr Arun Singh, Indian Ambassador to the US.

India maintains its supremacy over China in Pharmaceuticals

India has maintained its lead over China in pharmaceutical exports with a year-on-year growth of 7.55 per cent to US$ 12.54 billion in 2015, according to data from the Ministry of Commerce and Industry.

India is world's fourth-largest app economy: Report

India has become the fourth largest mobile application economy in the world based on total app downloads per year, according to a report by mobile-app analytics company App Annie.

Govt aims to make India design hub, new national policy likely

The Ministry of Commerce and Industry aims to make India a global design hub by introducing a new national design policy, which will focus on promoting sectors like defence, medical devices and electronics, and financially incentivise approved designs to enable them to become mass market products.

Government eases funding rules for startups

The Ministry of Corporate Affairs (MCA) has made it easier for start-ups to access funds via the convertible note route by scrapping funding norms concerning informing the registrar of companies (RoC) or creating a deposit repayment reserve in the books of accounts.

India to take part in Russia’s biggest trade exhibition

India will be the partner country for Russia during this year’s Innoprom, Russia’s largest manufacturing sector exhibition to be held during July 10-14, 2016 at Ekaterinburg city, during which Indian companies will get an opportunity to exhibit their capabilities in the fields of data transfer based on Internet of Things (IoT), new manufacturing system architecture and other new efficient manufacturing techniques.

Jawaharlal Nehru Port becomes first port in country to implement Logistics Data Tagging of containers

The Jawaharlal Nehru Port (JNPT) has become the first port in the country to implement logistics data tagging of containers, which will help importers and exporters track their goods in transit through logistics data bank service.

SBI secures $625 mn from World Bank for solar programme

The State Bank of India (SBI) has signed an agreement with The World Bank for a Rs 4,200 crore (US$ 625 million) credit facility, aimed at financing grid connected rooftop solar photovoltaic (GRPV) projects in India.

New textile policy will boost exports, create employment: Rashmi Verma, Textile Secretary

The new textile policy is expected to increase growth of value added products in the textile sector, encourage entrepreneurs to benefit from Rs 6,000 crore (US$ 882 billion) textile package announced recently and attract investments to the extent of Rs 74,000 crore (US$ 10.9 billion) over three years, as per Ms Rashmi Verma, Secretary, Ministry of Textiles.

Govt launches new initiative to skill workforce for jobs abroad

The Ministry of Skill Development & Entrepreneurship (MSDE) and the Ministry of External Affairs (MEA) have signed a Memorandum of Understanding (MoU) for implementation of the Pravasi Kaushal Vikas Yojana (PKVY) which aims at training and certification of Indian workforce keen on overseas employment in select sectors and job roles, in line with international standards.