India Positive - 05 August, 2016
- November 30, -0001
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The Rajya Sabha has passed the constitution amendment bill for the Goods and Services Tax (GST), which is expected to bring down tax evasion, empower the states, increase revenue, and provide a boost to the Indian economy.
The Government of India has given its approval for the new Air Services Agreement (ASA) to be signed between India and Lao People’s Democratic Republic (Lao PDR), with a view to spur greater trade, investment, tourism and cultural exchange between the two countries.
The Government of India has formulated draft National Wind-Solar Hybrid Policy which will provide a framework for promotion of large grid connected wind-solar photo-voltaic (PV) system for better and efficient utilization of available transmission infrastructure in the country.
Mr Piyush Goyal, Minister of State for Power, Coal, New & Renewable Energy and Mines, has announced that the total accumulative capacity of renewable energy installed in the country has surpassed 44,235 Megawatts (MW).
The Government of India plans to set up a special economic zone (SEZ) in Sittwe in Myanmar, which will help expand India's footprints in the South East Asia region.
India’s top 200 companies by market capitalisation are set to outperform their Chinese counterparts primarily driven by increased spending by the Indian government through its 'Make in India' initiative, according to a report by S&P Global Ratings, a US based credit ratings and research company.
The Nikkei/Markit Manufacturing Purchasing Managers Index (PMI) rose to a four-month high of 51.8 in July 2016 from 51.7 in the previous month, based on high demand from both domestic and external markets, according to data from Markit Economics.
India's core sector grew by 5.2 per cent year-on-year to 180.4 in June 2016, based on robust growth in coal and cement production, according to data from the Ministry of Commerce & Industry.
Foreign institutional investors (FIIs) inflows into the Indian stock market grew by 78 per cent year-on-year to Rs 31,780 crore (US$ 4.8 billion) during January-July 2016.
The Nikkei India Services Business Activity Index, which indicates the pace of activity in India's service sector, reached its three month high of 51.9 in July 2016 as against 50.3 in June 2016.
The first ever rupee-denominated bond in the world by an Indian company, termed as masala bond, has been listed on the London stock exchange by the Housing Development Finance Corporation Limited (HDFC Ltd).
Mr Suresh Prabhu, Railway Minister of India, outlined Government of India's plans of investing over Rs 7,000 crore (US$ 1.04 billion) in FY2016-17 to develop its network in the north-eastern region for better connectivity.
GST cleared: One nation, one tax gets going
The Rajya Sabha has passed the constitution amendment bill for the Goods and Services Tax (GST), which is expected to bring down tax evasion, empower the states, increase revenue, and provide a boost to the Indian economy.
Cabinet approves signing of Air Services Agreement between India and Lao
The Government of India has given its approval for the new Air Services Agreement (ASA) to be signed between India and Lao People’s Democratic Republic (Lao PDR), with a view to spur greater trade, investment, tourism and cultural exchange between the two countries.
Wind Solar Hybrid Policy to strengthen energy security of India
The Government of India has formulated draft National Wind-Solar Hybrid Policy which will provide a framework for promotion of large grid connected wind-solar photo-voltaic (PV) system for better and efficient utilization of available transmission infrastructure in the country.
More than 44,235 MW accumulative capacity of renewable energy installed in the country
Mr Piyush Goyal, Minister of State for Power, Coal, New & Renewable Energy and Mines, has announced that the total accumulative capacity of renewable energy installed in the country has surpassed 44,235 Megawatts (MW).
India plans to set up SEZ in Myanmar
The Government of India plans to set up a special economic zone (SEZ) in Sittwe in Myanmar, which will help expand India's footprints in the South East Asia region.
S&P Global Ratings says that Indian companies are set to outperform Chinese peers
India’s top 200 companies by market capitalisation are set to outperform their Chinese counterparts primarily driven by increased spending by the Indian government through its 'Make in India' initiative, according to a report by S&P Global Ratings, a US based credit ratings and research company.
Manufacturing PMI for July at four-month high at 51.8
The Nikkei/Markit Manufacturing Purchasing Managers Index (PMI) rose to a four-month high of 51.8 in July 2016 from 51.7 in the previous month, based on high demand from both domestic and external markets, according to data from Markit Economics.
Index of Eight Core Industries (Base: 2004-05=100), June, 2016
India's core sector grew by 5.2 per cent year-on-year to 180.4 in June 2016, based on robust growth in coal and cement production, according to data from the Ministry of Commerce & Industry.
FII inflows into stocks jump 78% in Jan-July
Foreign institutional investors (FIIs) inflows into the Indian stock market grew by 78 per cent year-on-year to Rs 31,780 crore (US$ 4.8 billion) during January-July 2016.
Services sector growth touches 3-month high in July: PMI
The Nikkei India Services Business Activity Index, which indicates the pace of activity in India's service sector, reached its three month high of 51.9 in July 2016 as against 50.3 in June 2016.
First ‘masala’ rupee bond listed on London stock exchange
The first ever rupee-denominated bond in the world by an Indian company, termed as masala bond, has been listed on the London stock exchange by the Housing Development Finance Corporation Limited (HDFC Ltd).
Railways plans Rs 7,000 crore investment in north-east
Mr Suresh Prabhu, Railway Minister of India, outlined Government of India's plans of investing over Rs 7,000 crore (US$ 1.04 billion) in FY2016-17 to develop its network in the north-eastern region for better connectivity.
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