India Positive - 17 February, 2017
- March 3, 2017
More India Positive News >>
The Indian economy is expected to grow at 7.4 per cent year-on-year in the fiscal year 2017-18, backed by consumption demand and government spending, as per the research by India Ratings and Research (Ind-Ra).
Consumer Price Index-based inflation (CPI) fell to 3.17 per cent in January 2016, the lowest in the new series, according to the Ministry of Statistics and Programme Implementation (MOSPI)
The Indian Space Research Organisation (ISRO) has launched a record high of 104 satellites in one go on a single rocket from Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh.
The Government of India aims to double the real income of farmers by FY 2021-22, for which a separate committee has been constituted working on issues like improving the cold chain network, crop productivity, expanding horticulture, other crops and animal husbandry among others.
The spending on Information Technology (IT) by the Government of India in 2017 is expected to increase 9.5 per cent year-on-year to US$ 7.8 million, according to IT research firm Gartner Inc.
The Government of India has allocated Rs 13,000 crore (US$ 1.94 billion) for providing high speed broadband connectivity to gram panchayats, laying optical fibre cable (OFC) and procuring equipment for the Network For Spectrum (NFS) project in 2017-18.
Advertising market is expected to rise to Rs 56,152 crore (US$ 8.4 billion) due to higher digital spends in 2017, as per a report by Pitch Madison Advertising Report
The Government of India plans to auction 280 mines with an estimated mineral value of over Rs 10 lakh crore (US$ 149.45 billion) in the next fiscal year 2017-18, and also use drone technology for preparing topography maps and inspection of mines.
The Indian Railways has set a daily target of laying 9.5 km of tracks in 2017-18 with a fund of around Rs 35,000 crore (US$ 5.22 billion) for completing its ambitious line doubling and capacity expansion projects.
Insurance penetration in India is expected to cross the 4 per cent mark by the end of 2017 on the back of various insurance schemes launched by the Government of India, according to a report by Assocham.
Fresh fruit exports rose 40 per cent to 487,441 tonnes during April-December 2016 over corresponding period last year, as per a report by Agricultural & Processed Food Products Export Development Authority (APEDA)
Wheat production in India is expected to touch an all-time high of 96.6 million tonnes (MT) during 2016-17, based on good southwest monsoon, favorable weather, and record acreage, according to the second advance estimate of the Ministry of Agriculture & Farmers Welfare.
Economy to grow at 7.4 per cent next fiscal, as per India Ratings
The Indian economy is expected to grow at 7.4 per cent year-on-year in the fiscal year 2017-18, backed by consumption demand and government spending, as per the research by India Ratings and Research (Ind-Ra).
CPI falls to lowest level in new series
Consumer Price Index-based inflation (CPI) fell to 3.17 per cent in January 2016, the lowest in the new series, according to the Ministry of Statistics and Programme Implementation (MOSPI)
Isro creates record, launches 104 satellites
The Indian Space Research Organisation (ISRO) has launched a record high of 104 satellites in one go on a single rocket from Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh.
Govt to double income of farmers by 2021-22
The Government of India aims to double the real income of farmers by FY 2021-22, for which a separate committee has been constituted working on issues like improving the cold chain network, crop productivity, expanding horticulture, other crops and animal husbandry among others.
Government IT spending in 2017 to grow 9.5 per cent to US$ 7.8 billion, as per Gartner
The spending on Information Technology (IT) by the Government of India in 2017 is expected to increase 9.5 per cent year-on-year to US$ 7.8 million, according to IT research firm Gartner Inc.
Govt allocates Rs13,000 crore to DoT for BharatNet and NFS
The Government of India has allocated Rs 13,000 crore (US$ 1.94 billion) for providing high speed broadband connectivity to gram panchayats, laying optical fibre cable (OFC) and procuring equipment for the Network For Spectrum (NFS) project in 2017-18.
Advertisment spends may rise 13.5 per cent in 2017 on digital push
Advertising market is expected to rise to Rs 56,152 crore (US$ 8.4 billion) due to higher digital spends in 2017, as per a report by Pitch Madison Advertising Report
Govt plans to auction 280 mines worth Rs 10 lakh crore in FY'18
The Government of India plans to auction 280 mines with an estimated mineral value of over Rs 10 lakh crore (US$ 149.45 billion) in the next fiscal year 2017-18, and also use drone technology for preparing topography maps and inspection of mines.
Railways’ target laying 9.5 km of tracks every day in 2017-18
The Indian Railways has set a daily target of laying 9.5 km of tracks in 2017-18 with a fund of around Rs 35,000 crore (US$ 5.22 billion) for completing its ambitious line doubling and capacity expansion projects.
Insurance penetration in India likely to cross 4per cent this year, as per ASSOCHAM
Insurance penetration in India is expected to cross the 4 per cent mark by the end of 2017 on the back of various insurance schemes launched by the Government of India, according to a report by Assocham.
Grapes bump up fruit exports by 40 per cent
Fresh fruit exports rose 40 per cent to 487,441 tonnes during April-December 2016 over corresponding period last year, as per a report by Agricultural & Processed Food Products Export Development Authority (APEDA)
Record wheat, foodgrain output likely in 2016-17
Wheat production in India is expected to touch an all-time high of 96.6 million tonnes (MT) during 2016-17, based on good southwest monsoon, favorable weather, and record acreage, according to the second advance estimate of the Ministry of Agriculture & Farmers Welfare.
Partners
