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    India Positive - 09 September, 2016

  • India Positive - 09 September, 2016

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September 09, 2016

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President Pranab Mukherjee approves landmark GST Bill

President Mr Pranab Mukherjee has approved the constitution amendment bill on the goods and services tax (GST), paving the way for setting up of a GST Council, which will make recommendations on design of GST, rates and other important aspects before the new indirect tax regime rolls out, targeted for April 01, 2017.

Expansion of India – Chile Preferential Trade Agreement (PTA)

India and Chile have signed an agreement to expand the existing India–Chile Preferential Trade Agreement (PTA), offering more than 10 times the number of existing tariff lines which are open to concessional rates of trade.

India signs open skies pact with Greece

India has signed an open sky air services agreement with Greece, which will allow airlines from India to operate unlimited number of flights to Greece, while Greek carriers will have unlimited traffic rights to six Indian metro cities.

Commerce and Industry Minister says Government is working at various levels to make India an investor friendly destination

Ms Nirmala Sitharaman, Minister of State with Independent Charge for the Ministry of Commerce & Industry, has stated that the Government of India is working at various levels to provide transparent and accountable governance for investors, in order to make India an investor friendly destination.

Isro successfully launches weather satellite INSAT-3DR

The Indian Space Research Organisation’s (ISRO) geosynchronous satellite launch vehicle-F05 (GSLV) successfully launched India's weather satellite INSAT-3DR into space, which will provide meteorological services and assist search and rescue operations of security agencies including all defence forces, the coast guard, and in shipping industry.

India’s growth potential best in the world: Deepak Parekh

Mr Deepak Parekh, Chairman of Housing Development Finance Corporation (HDFC), has stated that India has the best growth potential amongst the fastest growing major economies in the world, helped by key policy changes for improving the ease of doing business in the country.

Railways to link North East with Nepal, Bhutan and Bangladesh

The Indian Railways is seeking to boost ties between South Asian countries and Northeast India by undertaking various survey works for extending railway connectivity to Nepal, Bhutan and Bangladesh.

DST commits 500 Crores for PM’s Vision on Startup India

The Department of Science & Technology (DST) has committed Rs 500 crore (US$ 75.13 million) to implement Prime Minister Narendra Modi's Startup India initiative, by providing technological solutions and nurturing ideas and innovations into successful startups.

Govt starts work on 99 stalled irrigation projects

Government of India has started the work to complete 99 major and medium pending irrigation projects which will help to bring more than 7.6 million hectares of land under irrigation by 2019.

Govt plans $400 million fund for renewable energy firms

The Government of India plans to set up a US$ 400 million fund, sourced from The World Bank, which would be used to protect renewable energy producers from payment delays by power distribution firms, while at the same time protecting the distribution firms from the shrinking market for conventional grid-connected power, caused by wider adoption of roof-top solar power generation.

Isro plans to launch first privately built satellite by March

The Indian Space Research Organisation (ISRO) plans to partner with private firms to jointly build a navigation satellite, that it would launch by March 2017, which would allow the space agency to free its resources to focus on research and deep space missions.

India leading in coconut production and productivity in the world: Radha Mohan Singh

Mr Radha Mohan Singh, Union Minister of Agriculture and Farmers Welfare, announced that India is a global leader in coconut production and productivity with an annual production of 20,440 million coconuts from 19.8 lakh hectare area.