Economy

In a recent move, the National Housing Board (NHB) has directed Housing Finance Companies (HFCs) in India to ‘desist from offering’ loans for financing subvention schemes offered by developers. Loan disbursements will now have to be strictly linked to construction...

As on 19 July 2019, 3,700 projects worth about Rs.136,000 crore have been tendered under the 100 Smart Cities Mission (SCM) programme, said the Ministry of Housing & Urban Affairs on 29 July 2019.

Minister for Home Affairs Amit Shah has laid the foundation stone of over 250 projects worth Rs.65,000 crores in Lucknow on 28 July 2019 at the Second Ground-Breaking Ceremony of the UP Investors Summit.

The Indian real estate sector has started reviving with the first half of the year drawing about US$2.7 billion investments and is projected to grow by 35%-40% over the next couple of years.

Six Bengalore startups were part of 24 deep tech Asian companies that pitched for investments to about 300 investors including venture capitalists and angle investors in Singapore.

A draft National electronic Commerce (e-commerce) policy has been prepared and placed in public domain, which addresses six broad issues of the e-commerce ecosystem, Commerce and Industry Minister Piyush Goyal said in a written reply to Rajya Sabha on 26...

Twenty-seven focus sectors have been identified to showcase India’s advances in space, pharmaceuticals, information technology, renewable energy and telecom sectors and also India’s strength in innovation and start-ups at the Dubai World Expo 2020.

Khalid Al-Falih, Energy, Industry and Mineral Resources Minister and Chairman of Saudi Aramco, has emphasized the need for capitalizing on the growing momentum in India-Saudi bilateral hydrocarbon cooperation.

Exclusive Pavilions on AI, IoT, Robotics, Startups, Components and Parts will be showcased at the 10th edition of EXCON, South Asia’s largest construction equipment trade fair to be held in Bengaluru 10-14 December 2019.

Detailed master planning and preliminary engineering activities are in progress for Krishnapatnam (Andhra Pradesh) and Tumakuru (Karnataka), which are two nodes of the three identified in the Chennai-Bengaluru Industrial Corridor (CBIC).