Economy

The first ever India International Cooperatives Trade Fair (IICTF), unique initiative for taking farmers, artisans and other members of cooperatives directly to the global trade arena, is to be held in New Delhi 11-13 October 2019.

The Government has accepted a report on reducing energy import by 10% by 2021-22 by boosting indigenous hydrocarbon output and promoting energy efficiency, Parliament was told on 1 July 2019.

The MSME industry should come up with ‘special proposals’ and suggest steps required to be taken by the government to increase production, boost exports and enable domestic enterprises to withstand global competition.

Calling for conducive tax structures to attract equity investments, Confederation of Indian Industry (CII) said that tax incidence on equity needs to be lowered to incentivize risk capital in the economy.

ASSOCHAM has impressed upon the government, RBI and the banks to ensure adequate liquidity into NBFCs, provide investment incentives and cut corporate tax rates for revival in the economic growth and creation of new entrepreneurial opportunities.

Despite the onslaught of the e-commerce business across the country, malls are still serious business, according to ANAROCK Property Consultants.

Micro Small and Medium Enterprises (MSME) Minister Nitin Gadkari wants to raise the MSME sector’s contribution to GDP to 50% from the present 29% and employment for at least 15 crore people, up from 11.1 crore at present.

The Federation of Indian Export Organisations (FIEO) has elected a staunch votary of exporters issues, Sharad Kumar Saraf, as its new President.

Commerce and Industry & Railways Minister Piyush Goyal has reviewed the draft National Logistics Policy and has stressed on the need to bring down the logistics cost to less than 10% of the GDP by 2022 from the current 14%...

Tourism Ministry has identified 15 thematic circuits including themes covering religious sites for development -- Spiritual Circuit, Ramayana Circuit, Krishna Circuit, Tirthankar Circuit, Buddhist Circuit and Sufi Circuit.