Economy

Tripura Industrial Development Corporation (TIDC) Ltd is setting up a Special Economic Zone (SEZ) for the Agro-based food processing industry, at an estimated cost of Rs.1,550 crore.

Steel Minister Dharmendra Pradhan wants to make the steel sector more efficient and globally competitive and backed it with assurance that the Government will facilitate in the growth process.

The Confederation of Indian Industry (CII) has identified 18 developing economies that hold the promise of sustained growth over the coming few decades based on current GDP levels and population indicators and offer opportunities for Indian exporters.

India’s prepaid card market in value terms is expected to record a CAGR of 35.6%, increasing from US$38.7 billion in 2019 to reach US$130.7 billion by 2023, according to a ResearchAndMarkets report.

Representatives of the Agro-processing and Rural Development sectors have told Finance Minister Nirmala Sitharaman to boost investment in agricultural sector and enhance market access to farmers.

The economic growth slowdown in India has started hitting hard the corporate world such as Shriram Transport Finance Co Ltd (STFC), the largest financier of vehicles which had its rating downgraded.

The representatives of Digital Economy, Fintech and Start-ups have called for incentives during their pre-budget meeting with Minister of Finance and Corporate Affairs Nirmala Sitharaman in Delhi on 16 Dec 2019.

More than 12 public and private financial institutions and the Government together have achieved the first close at Rs.10,530 crores, the first fund of its 6 Nov 2019 capital for helping stalled housing projects.

The Coal Ministry has allotted two Coking Coal mines, Rohne and Rabodih, in Jharkhand to the Steel Central Public Sector Enterprises (CPSE’s).

The Competition Commission of India (CCI) has approved Sanaka Growth SPV I Limited investment in Edelweiss Securities Limited (ESL) under sub-section (1) of Section 31 of the Act.