India Positive - 06 January, 2017
- March 3, 2017
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Mr Pranab Mukherjee, President of India, has stated that India is on the cusp of an economic leap, and can continue to progress in the growth trajectory of the past 15 years on the basis of initiatives taken by the Government of India.
India has been ranked third in the US Green Building Council's (USGBC) annual ranking of the top 10 countries for Leadership in Energy & Environmental Design (LEED) certified buildings, which is a green building rating system.
Mr R S Sharma, Chairman, Telecom Regulatory Authority of India (TRAI), has stated that the TRAI will soon release consultation papers ahead of framing regulations and standards for the rollout of fifth-generation (5G) networks and Internet of Things (IoT) in India.
The Government of India has formed a nine-member task force with a 12-point reform agenda, that will address concerns on enforcing contracts, as part of its efforts to improve India’s ease of doing business rankings.
Mr Brian Jacobsen, Chief Portfolio Strategist, Wells Fargo Funds Management, has stated that the year 2017 will be better for India as it will continue to benefit from improved economic growth in the US and Europe, and thereby remain as one of the top emerging market destination for Wells Fargo.
The Government of India has achieved its target of distributing LPG connections to 15 million below poverty line (BPL) families under the Pradhan Mantri Ujjwala Yojana (PMUY) in FY 2016-17.
The Indian Railways plans to auction 20 major stations across India to attract private developers, in order to revamp the infrastructure at the stations including platforms and lounges, and enable the developers to build hotels, malls, multiplexes and other commercial units.
The Government of India plans to revamp two of its digital initiatives, the United Payment Interface (UPI) and Unstructured Supplementary Service Data (USSD), to make it easier for consumers to transact digitally either with or without an Internet connection, and thereby strengthen its push towards making India a digital economy.
Mr Nitin Gadkari, Minister for Road Transport and Highways and Shipping, has inaugurated the Sagarmala Development Company (SDC), which would identify port-led development projects under the Sagarmala programme and provide equity support for the project special purpose vehicles (SPV) set up by the Ports, State, Central Ministries and funding window.
The Ministry of Communication and Information Technology is expected to launch the Bharat Bill Payment System (BBPS) by December 2016 or in early January 2017, which would provide a one-stop shop for all government utility payments to the people in rural and semi-rural, and thereby accelerate the cashless drive in the country.
The Reserve Bank of India (RBI) has allowed banks and other issuers of prepaid instruments to issue prepaid cards in bulk to corporates, partnership firms, sole proprietorship, public organisations, and urban local bodies, in its move to replace cash salaries with electronic payments.
The Central Government has taken a number of steps for smooth transitioning to cashless mode of payment to ensure that no hardship is faced by the tourists and the tourism industry remains unaffected from government's demonetisation move.
India on the cusp of a leap towards higher growth trajectory, says President
Mr Pranab Mukherjee, President of India, has stated that India is on the cusp of an economic leap, and can continue to progress in the growth trajectory of the past 15 years on the basis of initiatives taken by the Government of India.
India is third in green building rankings
India has been ranked third in the US Green Building Council's (USGBC) annual ranking of the top 10 countries for Leadership in Energy & Environmental Design (LEED) certified buildings, which is a green building rating system.
Move over 4G, Internet of Things and 5G will be the flavour of 2017: Trai chairman
Mr R S Sharma, Chairman, Telecom Regulatory Authority of India (TRAI), has stated that the TRAI will soon release consultation papers ahead of framing regulations and standards for the rollout of fifth-generation (5G) networks and Internet of Things (IoT) in India.
Govt forms task force to enforce contracts in move to ease business dealings
The Government of India has formed a nine-member task force with a 12-point reform agenda, that will address concerns on enforcing contracts, as part of its efforts to improve India’s ease of doing business rankings.
India is at top of my list... next year will be better: Brian Jacobson, Wells Fargo
Mr Brian Jacobsen, Chief Portfolio Strategist, Wells Fargo Funds Management, has stated that the year 2017 will be better for India as it will continue to benefit from improved economic growth in the US and Europe, and thereby remain as one of the top emerging market destination for Wells Fargo.
1.5 crore LPG connections issued to BPL households under PM Ujjwala Yojana
The Government of India has achieved its target of distributing LPG connections to 15 million below poverty line (BPL) families under the Pradhan Mantri Ujjwala Yojana (PMUY) in FY 2016-17.
20 major stations set for revamp, auction in January
The Indian Railways plans to auction 20 major stations across India to attract private developers, in order to revamp the infrastructure at the stations including platforms and lounges, and enable the developers to build hotels, malls, multiplexes and other commercial units.
Govt plans to launch digital payment platforms in new avatars
The Government of India plans to revamp two of its digital initiatives, the United Payment Interface (UPI) and Unstructured Supplementary Service Data (USSD), to make it easier for consumers to transact digitally either with or without an Internet connection, and thereby strengthen its push towards making India a digital economy.
Shri Nitin Gadkari inaugurates the Sagarmala Development Company: says the company will play a major role in realising India’s maritime potential
Mr Nitin Gadkari, Minister for Road Transport and Highways and Shipping, has inaugurated the Sagarmala Development Company (SDC), which would identify port-led development projects under the Sagarmala programme and provide equity support for the project special purpose vehicles (SPV) set up by the Ports, State, Central Ministries and funding window.
Single platform to pay all utility bills in rural areas
The Ministry of Communication and Information Technology is expected to launch the Bharat Bill Payment System (BBPS) by December 2016 or in early January 2017, which would provide a one-stop shop for all government utility payments to the people in rural and semi-rural, and thereby accelerate the cashless drive in the country.
RBI allows bulk issue of prepaid cards
The Reserve Bank of India (RBI) has allowed banks and other issuers of prepaid instruments to issue prepaid cards in bulk to corporates, partnership firms, sole proprietorship, public organisations, and urban local bodies, in its move to replace cash salaries with electronic payments.
After Demonetization, steps taken by Government to ensure that no hardship is faced by the tourists
The Central Government has taken a number of steps for smooth transitioning to cashless mode of payment to ensure that no hardship is faced by the tourists and the tourism industry remains unaffected from government's demonetisation move.
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