Economy

Transforming India in the years ahead. Prime Minister Narendra Modi interaction with economists at NITI Aayog meeting on 6 Feb 2015. The National Institute for Transforming India is working on a series of long-term plans, based on the vision of...

States/UTs to implement reforms by 31 Oct 2017.   The Department of Industrial Policy and Promotion (DIPP), in partnership with the World Bank Group, has released the Business Reform Action Plan (BRAP) 2017 for implementation by States/Union Territories (UTs) with...

Shares reserved for employees of listing companies The Cabinet Committee on Economic Affairs has approved the listing of 11 Central Public Sector Enterprises (CPSEs) for people participation. The listing would provide up to 25 per cent share in each CPSE...

CBDT makes it easy for businesses In order to improve the Ease of Doing Business for newly incorporated corporates, the Central Board of Direct Taxation (CBDT) has tied up with Ministry of Corporate Affairs (MCA) to issue Permanent Account Number...

Works on policy on data security and storage Digital economy was critical for India to make government services and welfare benefits accessible to remote areas of the country seamlessly, said Ramesh Abhishek, Secretary, Department of Industrial Policy and Promotion (DIPP)....

Investors urged look at business and growth opportunities India’s time is high and investors should look at India optimistically especially the business and growth opportunities, said Piyush Gupta, CEO & Director, Development Bank of Singapore (DBS) Group. “I do think...

Samsung Pay in India South Korea’s #Samsung has launched its mobile payment service #Samsung Pay in India, enabling payments using debit cards, credit cards, mobile wallet like #Paytm and unified payments interface (UPI) through a single app. Apart from allowing...

SICOM benchmark for Indian rubber market Indian rubber companies have set up offices in Singapore to trade and import rubber for the domestic market. Tan Tee Yong, Director, Rubber Commodities at the #Singapore Exchange, says the contract will help in...

Imports to meet rubber demand Dr Nair sees rubber consumption increasing in India. The #International Rubber Study Group (IRSG) sees India increasing imports of natural rubber to meet demand while local plantation acreage will remain limited. IRSG’s Head of Economics...

Ministers discuss Indian-Russian trade Russian Minister of Industry and Trade Denis Manturov meets Sitharaman, in Chennai on 16 March 2017. Indian and Russian ministers have discussed a host of bilateral issues including the  Bilateral Investment Treaty between the two countries...