India Positive - 24 February, 2017
- March 3, 2017
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India's consumer confidence index stood at 136 in the fourth quarter of 2016, topping the global list of countries on the same parameter, as a result of strong consumer sentiment despite demonetisation, according to market research agency Nielsen.
The Ministry of Housing & Urban Poverty Alleviation has approved the construction of 90,095 more affordable houses for the benefit of urban poor, with an investment of Rs 5,590 crore (US$ 834.7 million) and central assistance of Rs 1,188 crore (US$ 177.39 million).
The cumulative direct benefit transfer (DBT) savings led by savings in the liquefied petroleum gas (LPG) Pratyaksh Hanstantarit Labh (PAHAL) Scheme stood at Rs 49,650 crore (US$ 7.4 billion) until December 31, 2016, as per Government of India's interim figures.
The Government of India plans to build 8,000 km of pavements and lay more cycle tracks in 106 cities in the next 5 years with an investment of Rs 80,000 crore (US$ 11.94 billion), in order to reduce carbon footprint in urban areas and promote activities like walking and cycling.
The foreign direct investment (FDI) in April-December 2016 rose 22 per cent year-on-year to US$ 35.8 billion led by service sector accounting for 18 per cent of total FDI.
India is expected to be self-sufficient in pulses in the coming few years due to concerted efforts of scientists to get early-maturing varieties of pulses and the increase in minimum support price, said Mr Radha Mohan Singh, Minister for Agriculture and Farmers Welfare.
The Kharif Marketing Season of 2016-17 sees a record 444 lakh metric tonnes (LMT) of paddy being procured from the Indian farmers and the Government has set the procurement target at 330 LMT for the ensuing Rabi Marketing Season 2017-18, said Mr Ram Vilas Paswan, Union Minister of Agriculture and Farmers Welfare.
The Internet of Things (IoT) market size in India is expected to increase seven fold to US$ 9 billion by 2020 from US$ 1.3 billion in the previous year due to higher adoption levels of IoT by the manufacturing, automotive, transportation and logistics sector, as per Deloitte.
India's aviation sector grows 25% year-on-year in January, as per a report by Anand Rathi.
The Ministry of Electronics and Information Technology (MeitY) has launched the Cyber Swachhta Kendra–Botnet Cleaning and Malware Analysis Centre, as a part of MeitY’s Digital India initiative aimed at ensuring a secure cyber space.
Foreign tourists visiting India rose 11 per cent year-on-year to 8.9 million in 2016, as per a study by ixigo.
The Ministry of Electronics and Information Technology plans to revise its policy framework, which would involve the government taking a more active role in developing the sector by providing initial capital, with the aim to attract more private players and make India a global semiconductor hub.
Despite demonetisation, Indian consumers remained confident in Q4: Nielsen
India's consumer confidence index stood at 136 in the fourth quarter of 2016, topping the global list of countries on the same parameter, as a result of strong consumer sentiment despite demonetisation, according to market research agency Nielsen.
90,095 more affordable houses sanctioned for urban poor under PMAY(Urban)
The Ministry of Housing & Urban Poverty Alleviation has approved the construction of 90,095 more affordable houses for the benefit of urban poor, with an investment of Rs 5,590 crore (US$ 834.7 million) and central assistance of Rs 1,188 crore (US$ 177.39 million).
Direct Benefit Transfer leads to Rs 50,000-crore savings for government in 3 years
The cumulative direct benefit transfer (DBT) savings led by savings in the liquefied petroleum gas (LPG) Pratyaksh Hanstantarit Labh (PAHAL) Scheme stood at Rs 49,650 crore (US$ 7.4 billion) until December 31, 2016, as per Government of India's interim figures.
Rs 80,000 crore plan in works to cut urban carbon footprint
The Government of India plans to build 8,000 km of pavements and lay more cycle tracks in 106 cities in the next 5 years with an investment of Rs 80,000 crore (US$ 11.94 billion), in order to reduce carbon footprint in urban areas and promote activities like walking and cycling.
New FDI inflow record possible at $36 billion in 9 months
The foreign direct investment (FDI) in April-December 2016 rose 22 per cent year-on-year to US$ 35.8 billion led by service sector accounting for 18 per cent of total FDI.
India will be self-sufficient in pulses in next few years: Radha Mohan Singh
India is expected to be self-sufficient in pulses in the coming few years due to concerted efforts of scientists to get early-maturing varieties of pulses and the increase in minimum support price, said Mr Radha Mohan Singh, Minister for Agriculture and Farmers Welfare.
Record 444 LMT of paddy procured during ongoing Kharif Marketing Season: Shri Ram Vilas Paswan
The Kharif Marketing Season of 2016-17 sees a record 444 lakh metric tonnes (LMT) of paddy being procured from the Indian farmers and the Government has set the procurement target at 330 LMT for the ensuing Rabi Marketing Season 2017-18, said Mr Ram Vilas Paswan, Union Minister of Agriculture and Farmers Welfare.
Indian Internet of Things market value to touch $9 billion by 2020
The Internet of Things (IoT) market size in India is expected to increase seven fold to US$ 9 billion by 2020 from US$ 1.3 billion in the previous year due to higher adoption levels of IoT by the manufacturing, automotive, transportation and logistics sector, as per Deloitte.
Air passenger traffic in India grew by 25% in January
India's aviation sector grows 25% year-on-year in January, as per a report by Anand Rathi.
Ministry of Electronics and Information Technology (MeitY) launches Cyber Swachhta Kendra - Botnet Cleaning and Malware Analysis Centre
The Ministry of Electronics and Information Technology (MeitY) has launched the Cyber Swachhta Kendra–Botnet Cleaning and Malware Analysis Centre, as a part of MeitY’s Digital India initiative aimed at ensuring a secure cyber space.
8.9 million foreign tourists visited India last year, up 11% from 2015
Foreign tourists visiting India rose 11 per cent year-on-year to 8.9 million in 2016, as per a study by ixigo.
Government to play active role in making India a global semiconductor hub
The Ministry of Electronics and Information Technology plans to revise its policy framework, which would involve the government taking a more active role in developing the sector by providing initial capital, with the aim to attract more private players and make India a global semiconductor hub.
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