India plans to raise US$10 billion from first foreign bond sale

India intend to raise as much as US$ 10 billion from its first overseas sovereign bonds to reach its record of Rs 7.1 trillion (US$ 104 billion) fiscal year FY20. The government would borrow in foreign currency to finance deficit leading to ease in pressure on local market.

Government plans to develop agri-entrepreneurs

The government intends to encourage agri-entrepreneurs to give momentum to farming in the country. Government encouraged “ease of doing business” for farmers and promote the trade on eNAM app. Promotion of privatisation in agriculture and its allied sector is needed to boost the sector.

Indian pharma industry to see a growth of 11-13 per cent in FY-2020

Indian pharmaceutical industry to see a growth of 11- 13 per cent in fiscal year FY20. This growth is mainly due to increase in spend on healthcare and improvement in access. Growth can be projected due to decrease in pricing pressure for US market, new dispatches and gain of market shares from existing products.

Sitharaman aims 'one nation one grid' for power sector: Union Budget 2019

Union Budget presented on 5th July 2019, Finance Minister Nirmala Sitharaman brought into focus India's current power situation and the idea of ‘one nation one grid’ to provide affordable power to states. The need for power tariff reform was also discussed in budget 2019. The Saubhagya – 'Pradhan Mantri Sahaj Bijli Har Ghar Yojana', scheme that was launched to give free connections to the poor people , reached the 100% electrification target in all states except Chhattisgarh where power penetration currently stands at 99.67%.

Government introduces FDI limit to insurance cos: Budget 2019

The government has allowed the foreign investment in insurance industry to 100 per cent from 49 per cent. This is to help the penetration of Indian companies in global market and bring profit to the investors in technology solutions.

India to promote electric vehicle race with latest drive in budget

India has supported the progress of the emerging electric vehicle (EV) manufacturing by offering extensive fiscal incentives and a favourable regulatory environment. There will income tax rebate on electric vehicle and custom duty exemption on lithium–ion cells. Makers of components such as solar electric charging infrastructure and lithium storage batteries and other components will be offered investment linked income tax exemptions under Section 35 AD of the Income Tax Act, and other indirect tax benefits.

India has market potential of Rs 80,000 crore (US$ 11.12 billion) for Beauty & Wellness business

Beauty and wellness business in India have a market capability of Rs. 80,000 crore (US$ 11.12 billion) and can provide employment opportunities to lakhs of individuals. Under Ministry of skilled development and entrepreneurship (MSDE) and  Pradhan Mantri Kaushal Vikas Yojana (PMKVY 2.0), youth can be skilled and gain employment opportunities..

NHAI inks deal with NIIF for funding of highway projects

National Highways Authority of India (NHAI) inked an arrangement with quasi-sovereign wealth fund National Investment Infrastructure Fund (NIIF) to fund large greenfield road projects. Arrangements like these are expected to bring     huge investments at economical rate for development of highways.

Delhi-Lucknow Tejas Express ready to be first train to be run by private operators

Irrespective of the protest by unions, the Delhi-Lucknow Tejas Express becomes the first train to be operated by private players. This comes ahead of the 100-day agenda of handling over operations to the private sector.

Longest electrified tunnel built by Indian Railways in record time

Indian Railways has accomplished another engineering milestone by commissioning the longest electrified tunnel with total length of 6.6 kms in India. The tunnel is situated between Cherlopalli and Rapuru stations which fall under the South-Central Railways zone of Indian Railways. This tunnel will help in reducing the travel time by 5 hours.

Deposits in Jan Dhan accounts cross Rs. 1-trillion mark

Bank accounts opened under Jan Dhan scheme (Pradhan Mantri Jan Dhan Yojana (PMJDY), which was launched about five years ago by the Modi-government, have crossed the Rs. 1 lakh crore (US$ 139 billion) mark in deposits as on 3 July 2019. Accounts opened under PMJDY are Basic Savings Bank Deposit (BSBD) accounts with supplementary feature of RuPay debit card and overdraft.

India's to get its first mega transit hub at Sarai Kalen Khan RRTS station

The Sarai Kalen Khan RRTS station will be developed as the country's first mega transit hub as three Regional Rapid Transit System (RRTS) corridors will join at it. The RRTS corridor will provide ease for commutator movement along with encouraging people to use public transport. The average speed of trains on the corridor is expected to be 100 kmph.