India Positive - March 30, 2018
- November 30, -0001
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India's retail banking has become one of the biggest among emerging markets with total retail banking assets worth US$ 269 billion at the end of Q2 FY18.
India is expected to become the world's third-largest consumer economy, reaching US$ 400 billion in consumption by 2025, according to a study by Boston Consulting Group.
Securities Exchange Board of India has planned to increase the maximum investment by angel funds to Rs 10 crore (US$ 651.33 million) which will increase venture capital undertakings and provide more opportunities.
India is one of the fastest growing Unmanned Aerial Vehicles (UAVs) market and is expected to touch US$ 885.7 million by 2021, according to a report by BIS Research.
Indian warehousing sector will receive investments of Rs 43,000 crore (US$ 6.63 billion) and will also generate two lakh job opportunities for the next three years, supported by implementation of goods and service tax and rapid growth, according to property consultant JLL India.
NITI Aayog's Atal Innovation Mission (AIM) announced the signing of a Statement of Intent (SOI) with SAP Global to improve the science, technology, engineering and mathematics learning across India.
The Ministry of Power, Government of India has partnered with the Ministry of Skill Development & Entrepreneurship to provide training to the manpower in six states in an effort to speed up the implementation of SAUBHAGYA (Pradhan Mantri Sahaj Bijli Har Ghar Yojna).
Construction of 321,567 additional houses across 523 cities under the Pradhan Mantri Awas Yojana (Urban) has been approved by the Ministry of Housing and Urban Poverty Alleviation, Government of India with an allocation of Rs 18,203 crore (US$ 2.81 billion).
A roadmap for taking a lead position in adoption of 5G technology in India is being prepared and will be ready by June 2018, according to Ms Aruna Sundararajan, Telecom Secretary, Government of India.
Diesel consumption in India in 2018 is expected to more than double the previous year due to higher rural spending resulting from expected regular monsoon.
The Union Ministry of Commerce developed a vision document and semi-concrete policy proposal on the subject of Artificial Intelligence (AI) and its contribution to economic growth of India.
The number of enrolments under the Pradhan Mantri Suraksha Bima Yojana (PMSBY) through auto-debit has reached 134.1 million in 2017-18 from 80.85 million in 2015-16, according to Ministry of Finance, Government of India.
India's retail banking now bigger than Russia's but not close to China's
India's retail banking has become one of the biggest among emerging markets with total retail banking assets worth US$ 269 billion at the end of Q2 FY18.
Consumption boom continues as young India defies slowdown
India is expected to become the world's third-largest consumer economy, reaching US$ 400 billion in consumption by 2025, according to a study by Boston Consulting Group.
Sebi looks to boost startup funding, plans to ease rules for angel funds
Securities Exchange Board of India has planned to increase the maximum investment by angel funds to Rs 10 crore (US$ 651.33 million) which will increase venture capital undertakings and provide more opportunities.
India fastest growing mkt for UAVs; to touch $886 mn by 2021
India is one of the fastest growing Unmanned Aerial Vehicles (UAVs) market and is expected to touch US$ 885.7 million by 2021, according to a report by BIS Research.
Warehousing sector to see investment of Rs 43,000 cr by 2020: JLL
Indian warehousing sector will receive investments of Rs 43,000 crore (US$ 6.63 billion) and will also generate two lakh job opportunities for the next three years, supported by implementation of goods and service tax and rapid growth, according to property consultant JLL India.
NITI Aayog's Atal Innovation Mission Signs SOI with SAP Global To foster innovation across 100 Atal Tinkering Labs across India
NITI Aayog's Atal Innovation Mission (AIM) announced the signing of a Statement of Intent (SOI) with SAP Global to improve the science, technology, engineering and mathematics learning across India.
Ministry of Power joins hands with Skill India to support electrification scheme ‘Saubhagya’
The Ministry of Power, Government of India has partnered with the Ministry of Skill Development & Entrepreneurship to provide training to the manpower in six states in an effort to speed up the implementation of SAUBHAGYA (Pradhan Mantri Sahaj Bijli Har Ghar Yojna).
3,21,567 Affordable Houses sanctioned for Urban Poor under PMAY(Urban)
Construction of 321,567 additional houses across 523 cities under the Pradhan Mantri Awas Yojana (Urban) has been approved by the Ministry of Housing and Urban Poverty Alleviation, Government of India with an allocation of Rs 18,203 crore (US$ 2.81 billion).
India to be ready with 5G roadmap by June, says DoT
A roadmap for taking a lead position in adoption of 5G technology in India is being prepared and will be ready by June 2018, according to Ms Aruna Sundararajan, Telecom Secretary, Government of India.
India diesel use set for record in 2018 as election season heralds govt spending (Reuters)
Diesel consumption in India in 2018 is expected to more than double the previous year due to higher rural spending resulting from expected regular monsoon.
India takes the first step to building an AI vision
The Union Ministry of Commerce developed a vision document and semi-concrete policy proposal on the subject of Artificial Intelligence (AI) and its contribution to economic growth of India.
Number of enrolments in PMSBY increase from 8.85 crore in the year 2015-16 to 13.41 crore in 2017-18
The number of enrolments under the Pradhan Mantri Suraksha Bima Yojana (PMSBY) through auto-debit has reached 134.1 million in 2017-18 from 80.85 million in 2015-16, according to Ministry of Finance, Government of India.
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