India Positive - May 18, 2018
- May 18, 2018
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Indian economy is expected to grow at 7.3 per cent in FY 19 and 7.5 per cent in FY 20 on the back of recovery in the money supply and low disruptions, according to rating agency Fitch.
Several new players are set to enter India's electric vehicles market, prompted by India's potential for electric vehicles.
New premium income of the life insurance industry grew 4.6 per cent year-on-year to Rs 7,280 crore (US$ 1.08 billion) in April 2018, supported by new individual premium income.
Gross Value Added (GVA) in the Indian economy in the January-March 2018 quarter is expected to be 7-7.73 per cent, up from 6.7 per cent in the previous quarter on the back of increased economic activity and industrial growth.
Ministry of New and Renewable Energy (MNRE), Government of India, has released a National Wind-Solar Hybrid Policy which aims to promote new projects and blending of existing ones.
Subscriber base of Atal Pension Yojana (APY) has breached the 10 million mark within three years of its launch.
Solar and wind energy sectors in India will employ more than 300,000 workers by 2022 in order to meet Government of India's target of generating 175 GW of electricity from renewable sources, according to the International Labour Organisation (ILO).
Net FPI Inflows in India's equity markets reached US$ 2.2 billion during Jan-Mar 2018, backed by expectations of better corporate earnings, encouraging economic data and buoyant global markets.
An in-principal approval for 'Central University of Andhra Pradesh' and its initial operationalization from a transit campus from academic year 2018-19 has been given by the Union Cabinet, Government of India.
Private Equity and Venture Capital investments in India increased 21 per cent year-on-year to US$ 6.3 billion across 284 deals during Jan-Apr 2018, according to Grant Thornton.
Under the Smart Cities Mission, projects worth Rs 2,03,979 crore (US$ 30.12 billion) have been identified out of which 1,333 projects worth Rs 50,626 crore (US$ 7.48 billion) have been completed or are under implementation.
The Ministry of Environment, Forest and Climate Change, Government of India has formed 19 teams to undertake cleaning up of 24 beaches in 9 states, cleaning of polluted river fronts in 19 states along with cleaning up of other lakes and water bodies.
India’s growth to accelerate to 7.3% in FY19, says Fitch
Indian economy is expected to grow at 7.3 per cent in FY 19 and 7.5 per cent in FY 20 on the back of recovery in the money supply and low disruptions, according to rating agency Fitch.
Electric vehicles market in India set to see several new entrants
Several new players are set to enter India's electric vehicles market, prompted by India's potential for electric vehicles.
Life insurers log in 4.6% growth in new premium income in Apr
New premium income of the life insurance industry grew 4.6 per cent year-on-year to Rs 7,280 crore (US$ 1.08 billion) in April 2018, supported by new individual premium income.
Q4 GVA growth may improve to 7-7.3% from 6.7% in Q3: economists
Gross Value Added (GVA) in the Indian economy in the January-March 2018 quarter is expected to be 7-7.73 per cent, up from 6.7 per cent in the previous quarter on the back of increased economic activity and industrial growth.
Govt unveils National Wind-Solar Hybrid Policy
Ministry of New and Renewable Energy (MNRE), Government of India, has released a National Wind-Solar Hybrid Policy which aims to promote new projects and blending of existing ones.
Atal Pension Yojana subscribers base crosses 1 crore mark on completion of 3 years of launch of the Scheme
Subscriber base of Atal Pension Yojana (APY) has breached the 10 million mark within three years of its launch.
Over 300,000 workers to be employed in solar, wind energy sectors in India: report
Solar and wind energy sectors in India will employ more than 300,000 workers by 2022 in order to meet Government of India's target of generating 175 GW of electricity from renewable sources, according to the International Labour Organisation (ILO).
FPI inflows at $2.2 bn in March qtr on promising economic numbers
Net FPI Inflows in India's equity markets reached US$ 2.2 billion during Jan-Mar 2018, backed by expectations of better corporate earnings, encouraging economic data and buoyant global markets.
Cabinet approves setting up of a Central University in Andhra Pradesh
An in-principal approval for 'Central University of Andhra Pradesh' and its initial operationalization from a transit campus from academic year 2018-19 has been given by the Union Cabinet, Government of India.
India Inc's Jan-Apr PE/VC deal tally reaches 6.3 bn: Report
Private Equity and Venture Capital investments in India increased 21 per cent year-on-year to US$ 6.3 billion across 284 deals during Jan-Apr 2018, according to Grant Thornton.
Smart Cities Mission - 1,333 projects worth Rs.50,626 crores completed or under implementation / tendering
Under the Smart Cities Mission, projects worth Rs 2,03,979 crore (US$ 30.12 billion) have been identified out of which 1,333 projects worth Rs 50,626 crore (US$ 7.48 billion) have been completed or are under implementation.
Environment Ministry Forms 19 Teams to Undertake Cleaning of Beaches, River Fronts and Lakes in Nine Coastal States
The Ministry of Environment, Forest and Climate Change, Government of India has formed 19 teams to undertake cleaning up of 24 beaches in 9 states, cleaning of polluted river fronts in 19 states along with cleaning up of other lakes and water bodies.
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