More India Positive News >>
PM Narendra Modi opening up India, removing hurdles: Sultan Ahmed Bin Sulayem, Chairman, DP World
Mr Sultan Ahmed Bin Sulayem, Chairman, DP World, has stated that the reforms introduced by Prime Minister Mr Narendra Modi have helped in opening up India's economy and reduce bureaucratic intervention and delays, thereby making its Port sector more investor friendly.
Cabinet approves bill to make IIMs autonomous
The Union Cabinet has cleared the Indian Institute of Management (IIM) bill, 2017, which will grant statutory powers and autonomy to 20 IIMs across India in terms of administration, recruitment and daily functioning, as well as enable them to award degrees instead of diplomas, as is the case now.
Netherlands, India revise pact to allow seven extra flights
The Ministry of Civil Aviation has revised its air services agreement with Netherlands, which would enable air carriers from both the countries to operate up to 28 flights each week, up from current weekly limit of 21 flights, which would benefit regional carriers as well as enhance connectivity between the countries.
Indian Railways to set up $5 billion development fund
The Indian Railways plans to set up a US$ 5 billion Railways of India Development Fund (RIDF), which will serve as an institutional mechanism for the Railways to arrange funds from the market to finance various infrastructure projects.
Cabinet approves a New Scheme for promotion of Rural Housing in the country
The Union Cabinet has approved a new scheme to provide interest subsidy to every rural household who is not covered under the Pradhan Mantri Aawas Yojana (Grameen), for loan amount upto Rs 200,000 (US$ 2,934), in a bid to improve housing stock and create employment opportunities in rural housing sector.
Government raises Rs 30,000 crore via disinvestment proceeds
The Government of India has raised Rs 30,000 crore (US$ 4.41 billion) from disinvestment proceeds, the highest amount raised through stake sales, and further aims to meet the disinvestment target of Rs 56,500 crore (US$ 8.3 billion) for the year, as per Mr Neeraj Gupta, Secretary, Department of Investment and Public Asset Management (DIPAM).
Sebi plans changes to norms for key board decisions, disclosures
The Securities and Exchange Board of India (SEBI) plans to strengthen norms related to board-level decision-making processes and their disclosures, including the appointment and removal of independent directors in listed companies, in order to improve corporate governance standards in the country.
Piyush Goyal pitches for wider use of smart electricity meters
Mr Piyush Goyal, Minister of Power, has supported wider usage of smart electricity meters, which he said can be a game changer in combination with roof top solar power, and encouraged electrical equipment industry to come up with innovations that will benefit the consumers in using electricity efficiently.
RBI to set up corporation for insolvency resolution in the financial sector
Mr N S Vishwanathan, Deputy Governor, Reserve Bank of India (RBI), has stated that the Central Bank plans to set up a financial sector resolution corporation, which will help companies in the financial sector by providing them with insurance and resolution in case of insolvency.
Railways to have improved Operating ratio of 89-90% by 2021: CRISIL research
The operating ratio of Indian Railways is expected to improve to 89-90 per cent by 2021, from the current operating ratio of 94 per cent, based on the current investment in coaches for enhancing efficiency, safety and speed, according to a report by Crisil.
300 stations to have free wifi service by year end
Over 300 railways stations across India are planned to be Wi-Fi enabled by the end of 2017, according to data from the Ministry of Railways.
India's smartphone user base topped 300 million in 2016
India's smartphone user base grew by 18 per cent year-on-year to touch 300 million in 2016, according to a report by Counterpoint Research.