Economy

The Competition Commission of India (CCI) has approved acquisition of shares in SBI General Insurance Company Ltd by Honey Wheat and Napean Opportunities LLP.

Results from policy reforms have started showing in the economy with Foreign Direct Investment (FDI) inflow of US$35 billion recorded in the first half of this year.

The Government is planning to invest around Rs.100 lakhs crore in logistics infrastructure in the next 5 years, Minister of State for Commerce and Industry Som Parkash said.

Domestic and global factors have led to the marginal 0.34% decline in November exports, noted FIEO President Sharad Kumar Saraf. November exports totalled US$25.98 billion.

Given the nature of slowdown, India is likely to witness a slow grind towards recovery, said Singapore’s banking group DBS in its “India Annual Outlook 2020” report on 13 Dec 2019.

The Government has approved the 100% stake sale in Air India via a specific alternative mechanism, Civil Aviation Minister Hardeep Singh Puri has told the parliament on 12 Dec 2019.

Indian technical textile market is estimated to cross Rs.2 lakh crores by the year 2020-21 as its use become mandatory in many formats, Minister of Textiles, Smriti Zubin Irani, told Rajya Sabha on 12 Dec 2019.

The National Highways Authority of India (NHAI) will monetize completed National Highways that have a toll collection track record of at least one year under a new trust company.

Japanese investment banking group Nomura expects Indian economy to continue the slower growth process, saying the current phase comes in the middle of a broader downturn in trend since 2016, driven by a slump in investments and employment opportunities.

In a move to attract East Asian Millennials to the wide range of tourist attractions in the country, the Indian tourism sector is adopting a digital and social media strategy.