India Positive - October 05, 2018
- November 30, -0001
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India has been ranked 28th out of 73 countries in 2018, in adoption of e-payments by the government, according to a survey by The Economist Intelligence Unit appointed by the payments firm Visa.
Ministry of Commerce and Industry, Government of India is aiming to boost exports of nine sectors and has set a target of 16 per cent growth in exports of these sectors in FY19.
Private equity investments in India increased 60 per cent year-on-year to US$ 9.2 billion in July-September 2018 quarter, taking the total investments during January-September 2018 to US$ 23.7 billion, according to Venture Intelligence data.
The Government of India has removed basic custom duty on 35 machine parts, which are used in manufacturing of mobile phones to boost handset production in the country.
India's exports are expected to surge on the back of robust economic growth in US, India's largest merchandise exports destination, and depreciation of the rupee, as per a report by ASSOCHAM.
The Government of India is planning to set up about 5,000 plants for extracting biogas from agricultural residue, cattle dung and municipal solid waste at a cost of Rs 1.75 trillion (US$ 24.04 billion) in the next five years, according to Mr Dharmendra Pradhan, Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship, Government of India.
The Ministry of Corporate Affairs, Government of India has made incorporation of a Limited Liability Partnership (LLP) completely online from October 02, 2018, thereby contributing significantly towards ‘Ease of Doing Business’.
With contracts in gold and silver, the Bombay Stock Exchange (BSE) has launched commodity derivatives for the first time on its platform and will launch more agricultural commodities in future, according to Mr Ashishkumar Chauhan, Managing Director and Chief Executive Officer, BSE.
India is targeting to meet 40 per cent of its electricity needs through renewable sources by 2030 in order to reduce its reliance on coal, according to a statement by Mr Narendra Modi, Prime Minister of India, at the first assembly of the International Solar Alliance (ISA).
A new initiative, Sustainable Alternative Towards Affordable Transportation (SATAT) has been launched by Mr Dharmendra Pradhan, Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship, Government of India, to invite Expression of Interest (EoI) from potential entrepreneurs for setting up Compressed Bio Gas (CBG) production plants to make CBG available as an alternative fuel for automotive.
India moves up to 28th rank in govt e-payment adoption: Survey
India has been ranked 28th out of 73 countries in 2018, in adoption of e-payments by the government, according to a survey by The Economist Intelligence Unit appointed by the payments firm Visa.
Comm Min focusing on 9 sectors to boost exports; eyes 16% growth this fiscal
Ministry of Commerce and Industry, Government of India is aiming to boost exports of nine sectors and has set a target of 16 per cent growth in exports of these sectors in FY19.
PE investments zoom in Jul-Sep, making 2018 the best year yet for India
Private equity investments in India increased 60 per cent year-on-year to US$ 9.2 billion in July-September 2018 quarter, taking the total investments during January-September 2018 to US$ 23.7 billion, according to Venture Intelligence data.
Govt waives import duty on 35 capital goods to boost mobile phone manufacturing
The Government of India has removed basic custom duty on 35 machine parts, which are used in manufacturing of mobile phones to boost handset production in the country.
US economic growth, rupee fall to boost Indian exports: Assocham
India's exports are expected to surge on the back of robust economic growth in US, India's largest merchandise exports destination, and depreciation of the rupee, as per a report by ASSOCHAM.
5,000 bio-gas plants at Rs 1.75 lakh cr investment in offing: Pradhan
The Government of India is planning to set up about 5,000 plants for extracting biogas from agricultural residue, cattle dung and municipal solid waste at a cost of Rs 1.75 trillion (US$ 24.04 billion) in the next five years, according to Mr Dharmendra Pradhan, Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship, Government of India.
Another Milestone in the direction of "Ease of Doing Business": Incorporation of Limited Liability Partnership (LLP) through a complete online system made a reality
The Ministry of Corporate Affairs, Government of India has made incorporation of a Limited Liability Partnership (LLP) completely online from October 02, 2018, thereby contributing significantly towards ‘Ease of Doing Business’.
BSE launches commodity derivative contracts in gold & silver
With contracts in gold and silver, the Bombay Stock Exchange (BSE) has launched commodity derivatives for the first time on its platform and will launch more agricultural commodities in future, according to Mr Ashishkumar Chauhan, Managing Director and Chief Executive Officer, BSE.
India targeting 40% of power generation from non-fossil fuel by 2030: PM
India is targeting to meet 40 per cent of its electricity needs through renewable sources by 2030 in order to reduce its reliance on coal, according to a statement by Mr Narendra Modi, Prime Minister of India, at the first assembly of the International Solar Alliance (ISA).
Petroleum Minister launches SATAT initiative to promote Compressed Bio-Gas as an alternative, green transport fuel
A new initiative, Sustainable Alternative Towards Affordable Transportation (SATAT) has been launched by Mr Dharmendra Pradhan, Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship, Government of India, to invite Expression of Interest (EoI) from potential entrepreneurs for setting up Compressed Bio Gas (CBG) production plants to make CBG available as an alternative fuel for automotive.
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