Mr Piyush Goyal, Minister for Commerce & Industry and Railways, Govt of India asserted that Indian products deserve a fair access to other countries before those countries can freely access the Indian market. “India wants reciprocal trade with other countries,” he added. Addressing the inaugural of ‘India Virtual FMCG Supply Chain,’ o […]
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The Finance Ministry noted in a latest monthly update that with India unlocking, the worst seems to be over for the economy as high-frequency indicators show an improvement from the unprecedented trough the economy had hit in April 2020. These include Index of Industrial Production (IIP), Purchasing Managers Index (PMI), power generation, production of steel […]
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The Labour Bureau, an attached office of the M/o Labour and Employment, has been compiling Consumer Price Index for Industrial Workers (CPI-IW) every month on the basis of the retail prices of selected items collected from 289 markets spread over 78 industrially important centres in the country. The index is compiled for 78 centres and All-India and is relea […]
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Commerce and Industry Minister Shri Piyush Goyal said that the Government is committed to policy simplification and asked for industry’s feedback and cooperation. Inaugurating CII National Digital conference on Ease of Doing Business for Atmanirbhar Bharat, the Minister emphasized that a single window system for industrial approvals will soon be in plac […]
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The Government of India (GoI) has announced the Sale (Issue/Re-issue) of (i) ‘5.09 per cent Government Stock, 2022’ for a notified amount of Rs 3,000 crore (nominal) through price based auction, (ii) ‘New 10 Year Government Stock, 2030’ for a notified amount of Rs 18,000 crore (nominal) through yield based auction, (iii) ‘GoI Floatin […]
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The Reserve Bank of India (RBI) has signed a Currency Swap Agreement with the Central Bank of Sri Lanka under the SAARC Currency Swap Framework 2019-22. Under the agreement, Central Bank of Sri Lanka can make drawals of US Dollar, Euro or Indian Rupee in multiple tranches up to a maximum of US$ 400 million or its equivalent. The agreement would be valid till […]
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The Reserve Bank of India released the July 2020 issue of its monthly Bulletin. The bank noted that the overall financial resource balance of the economy moderated during 2018-19 primarily due to increase in net borrowing of non-financial corporations and moderation in household savings. As per the preliminary estimates, the marginal surplus in the overall f […]
The domestic Passenger vehicle sales fell to 1.05 lakh in June, dropping by 49.6% from 2.09 lakh units in the year-ago period, data released by the Society of Indian Automobile Manufacturers (SIAM) showed on Tuesday, according to media reports. Passenger car sales were down 58% at 55,497 units while three-wheeler sales fell 80% to 10,300 units. Two-wheeler s […]
R S Sharma, Chairman, Telecom Regulatory Authority of India (TRAI) has said that the technology has changed the landscape of broadcasting sector including the distribution, production side, and entire value chain. Addressing a webinar ‘Regulating Creativity: Overcoming Legacy Challenges to Shape the Future of M&E’, organized during ‘FICCI […]
Ministry of Statistics & Programme Implementation stated today that for the month of May 2020, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stand at 88.4, marking a drop of 34.71% compared to May 2019. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of May 2020 stan […]
On one hand India is fighting a strong battle against the global pandemic and the government is equally focused on the health of the economy, noted Prime Minister Narendra Modi in his inaugural address at India Global Week 2020. During the last six years, India has made great gains in areas such as Total financial inclusion, Record housing and infra construc […]
“We are already witnessing emergence of green shoots in the economy. We are seeing that key sectors like FMCG, etc. have already come back. I am optimistic that we will bounce back with vengeance” Mr Kant said addressing a session on ‘Role of the Creative Economy in Nation Building’. He further said that India must identify 12-13 sectors […]
The World Bank and the Government of India signed a loan agreement to enhance support for the Namami Gange programme that seeks to rejuvenate the Ganga river. The Second National Ganga River Basin Project will help stem pollution in the iconic river and strengthen the management of the river basin which is home to more than 500 million people. The $400 milli […]
FAO expects new record-high global cereal production and comfortable stock levels for 2020/21, while food assistance needs up
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved setting up of Animal Husbandry Infrastructure Development Fund (AHIDF) worth Rs. 15000 crore. Government has been implementing several schemes for incentivizing the investment made by dairy cooperative sector for development of dairy infrastructure. However, gove […]
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