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GDP growth to rise to 7.9% in FY 17 due to good monsoon: CRISIL
India's gross domestic product (GDP) is expected to grow by 7.9 per cent in FY2016-17 with agricultural sector growing at 4 per cent, following normal rainfall so far and expectation of a surplus monsoon during the rest of the period, according to a report by CRISIL.
India - US to collaborate for first time in R&D in traditional systems of medicine for various diseases
India and the US are collaborating for the first time in research and development (R&D) in the area of traditional medicine systems, which will help treat various diseases and promote and propagate AYUSH systems of medicine across the globe.
Cabinet increases the limit for foreign investment in stock exchanges from 5% to 15%
The Central Government has given its approval for raising foreign investment limit from 5 per cent to 15 per cent in Indian Stock Exchanges for depositories, overseas banks, insurers, stock and commodity derivative exchanges.
CSIR ranks 12th in the world among government institutions: Scimago Institutions Rankings
The Council of Scientific Industrial Research (CSIR), a premier national research and development (R&D) organisation, has been ranked 12th among government institutions across the world, according to report by Scimago Institutions Rankings.
India looks to boost energy ties with UK
Mr Dharmendra Pradhan, Minister of State for Petroleum and Natural Gas, has announced India’s intention to expand energy cooperation with the UK by pitching for investments in India’s hydrocarbon sector and exploring ways to scale up trade and investment ties with the nation after its decision to leave the European Union.
AERA exempts small aircrafts from landing fee, will boost regional connectivity
The Airports Economic Regulatory Authority (AERA) has modified its air tariff orders to exempt aircrafts with 80 seats or less from being charged a landing fee, which will help boost the regional connectivity plan by making operations by smaller aircrafts more cost effective.
Indian agrochemicals market to reach US$ 6.3 billion by FY2020: Report
The Indian agrochemical industry will likely grow by 7.5 per cent year-on-year to US$ 6.3 billion by 2020, while domestic demand is expected to grow at 6.5 per cent and export demand at 9 per cent, according to report by Tata Strategic Management Group (TSMG) and the Federation of Indian Chambers of Commerce and Industry (FICCI).
Digital payments in India seen touching $500 billion by 2020
India's digital payments industry is expected to grow by 10 times to reach US$ 500 billion by 2020 and contribute 15 per cent of gross domestic product (GDP), according to a report by Google and Boston Consulting Group.
India to be a five million car market by 2020: Maruti Suzuki’s RC Bhargava
India's car market will likely become the fourth-largest market in the world by reaching 5 million units in annual sales by 2020, according to Mr RC Bhargava, Chairman, Maruti Suzuki.
India an island of calm in a choppy world: Barclays CEO Jes Staley
Mr Jes Staley, Chief Executive Officer (CEO), Barclays, has expressed confidence in India's economic prospects and stated that India is an island of calm in a world beset by turbulence as policy changes are making it easier to do business in the country.
Govt plans tech centres to meet chemical industry’s technology, manpower needs
The Government of India plans to set up an advanced research and training institute in chemical engineering, which will offer support services to businesses in technology, design and testing and will train engineers and scientists through its various centres in different parts of the country.
Govt to invest Rs 200 crore to scale up existing incubators
The Government of India plans to identify 10 incubators out of 200 incubation centres for start-ups and scale them up 10 times with a total investment of Rs 200 crore (US$ 29.8 million).