India Positive - March 23, 2018
- November 30, -0001
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The centre is working with speed to achieve to goal of doubling farmers' income by 2020 and improve their financial status, according to Mr Radha Mohan Singh, Minister of Agriculture & Farmers Welfare, Government of India.
Ms Smriti Zubin Irani, Minister of Textiles, Government of India announced that India will become self-reliant producer of silk by 2020; supported by approval schemes, strengthening seed production units, infrastructure development and increase in capacity.
The Union Cabinet has given its approval to the North-East Industrial Development Scheme (NEIDS) 2017 with an outlay of Rs 3,000 crores (US$ 460 million) up to March 2020.
The Union Cabinet has given its approval to National Health Protection Mission (NHPM), which will provide a cover of Rs 500,000 (US$ 7,684.95) per family per year to around 100 million families.
Credit to India's MSME sector is expected to grow at a CAGR of 12 to 14 per cent over the next five years on the back of higher lending by NBFCs to the segment, according to a report by ICRA.
Capacity utilisation rates are showing significant improvement in select sectors such as cement, automobile ancillaries and engineering, indicating potential uptick in investments in the near future.
India's steel exports grew 40.2 per cent year-on-year during April-January 2017-18 and are expected to tread on the growth path on the back of higher global prices and lower Chinese shipments.
India's capital goods sector is showing signs of demand recovery with rise in projects awarded, increase in pace of execution of projects and growth in order books of companies.
Public Sector Banks (PSBs) announced that 31.20 crore accounts have been opened under Pradhan Mantri Jan-Dhan Yojana (PMJDY) which accounted for an aggregate deposit balance of Rs 75,572.09 crore (US$ 11.62 billion) as on February 28, 2018
Vehicle finance growth is expected to increase to a CAGR of 15 per cent during FY18-20, compared to 12 per cent during preceding three fiscals, on the back of robust demand for Commercial Vehicles (CV's).
'Agri Min determined to accomplish goal of doubling farmers' income by 2022'
The centre is working with speed to achieve to goal of doubling farmers' income by 2020 and improve their financial status, according to Mr Radha Mohan Singh, Minister of Agriculture & Farmers Welfare, Government of India.
India to be Self-Reliant in Silk Production by 2020
Ms Smriti Zubin Irani, Minister of Textiles, Government of India announced that India will become self-reliant producer of silk by 2020; supported by approval schemes, strengthening seed production units, infrastructure development and increase in capacity.
Cabinet approves North-East Industrial Development Scheme (NEIDS) 2017
The Union Cabinet has given its approval to the North-East Industrial Development Scheme (NEIDS) 2017 with an outlay of Rs 3,000 crores (US$ 460 million) up to March 2020.
Cabinet approves the largest government funded Health Program–Ayushman Bharat National Health Protection Mission (NHPM)
The Union Cabinet has given its approval to National Health Protection Mission (NHPM), which will provide a cover of Rs 500,000 (US$ 7,684.95) per family per year to around 100 million families.
MSME credit to grow at 12-14% over next 5 yrs: Icra
Credit to India's MSME sector is expected to grow at a CAGR of 12 to 14 per cent over the next five years on the back of higher lending by NBFCs to the segment, according to a report by ICRA.
Capacity utilisation up in select sectors
Capacity utilisation rates are showing significant improvement in select sectors such as cement, automobile ancillaries and engineering, indicating potential uptick in investments in the near future.
Bright prospects for steel exports
India's steel exports grew 40.2 per cent year-on-year during April-January 2017-18 and are expected to tread on the growth path on the back of higher global prices and lower Chinese shipments.
Demand revival in sight for capital goods firms
India's capital goods sector is showing signs of demand recovery with rise in projects awarded, increase in pace of execution of projects and growth in order books of companies.
31.20 crore accounts opened under Pradhan Mantri Jan-Dhan Yojana (PMJDY) with aggregate deposit balances Rs. 75,572.09 crore as on 28.2.2018.
Public Sector Banks (PSBs) announced that 31.20 crore accounts have been opened under Pradhan Mantri Jan-Dhan Yojana (PMJDY) which accounted for an aggregate deposit balance of Rs 75,572.09 crore (US$ 11.62 billion) as on February 28, 2018
CVs to drive auto financiers’ growth
Vehicle finance growth is expected to increase to a CAGR of 15 per cent during FY18-20, compared to 12 per cent during preceding three fiscals, on the back of robust demand for Commercial Vehicles (CV's).
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