Economy

ASSOCHAM confident on banks resolving NPAs It may take at least another three quarters before the problem of twin balance sheets of banks and highly leveraged corporate firms gets reasonably resolved, even as the process of resolution of the companies...

CII outlines initiatives under India RISE Mittal at his first press conference on 12 April 2018. The Indian industry should strategise for investments now, follow on to the government's wide ranging reforms introduced and being implemented, an industry leader has...

ITDC works on DRP for three-stage implementation   Work has started on Detailed Project Report (DPR) for a Rs.550 crore Mega Tourism Destination project at Bhairav Lanka in Kakinada, East Godavari District of Andhra Pradesh. The India Tourism Development Corporation...

Project to stimulate MP economic development The Asian Infrastructure Investment Bank (AIIB) in a Meeting held recently in Beijing has approved US$140 million loan which will benefit approximately 1.5 million rural residents in Madhya Pradesh. The Project, to improve livelihoods,...

Govt addresses current OEMs concerns Secretary, Department of Defence Production in the Ministry of Defence, Dr. Ajay Kumar has announced creation of a dedicated defence and aerospace SME fund, registered with SEBI where minority stake could be taken by investors....

Collaborations and tech-transfer planned A major decision is expected on British technology and defence exports to India during Prime Minister Narendra Modi's 19-20 April visit to London for the Commonwealth Heads of Government, visiting UK Minister, Guto Bebb, said in...

Badal projects Rs.500Cr annual turnover for Park Minister Badal. An additional investment of about Rs.250 crore in 25-30 food processing units is expected in the Himalayan Mega Food Park Private Ltd. Giving this estimates, Union Minister for Food Processing Industries...

East and South East Asia exporters to benefit India, Iran and Russia have resumed talks on activating the International North South Transport Corridor (INSTC), even benefiting the East and South East Asian exporters. "It is not only to make Indian-Russian...

New division for logistics development Speakers at the summit. There is a need for greater internal integration of systems in India and improvement in logistics efficiency for achieving 8.5% GDP growth, said Dr. Junaid Kamal Ahmad, India Country Director, World...

India needs to make industry competitive Minister of State for Commerce and Industry, C R Chaudhary, says India is losing 14% of GDP due to inefficient logistics which impacts the competitiveness of Indian products. Chaudhary outlined various initiatives taken by...