Investment

Make in India 2.0 focus on 27 sectors Domestically Manufactured Iron & Steel Products (DMI&SP) Policy has been suitably amended vide notification dated 31 December, 2020, in order to align it to the revised Public Procurement (Preference to Make in...

IAF-Industry to set up repair and overhaul facilities in India Aviatech Enterprises Pvt Ltd (AEPL) has entered into a ‘Framework Agreement’ with Joint Stock Company Russian Aircraft Corporation (RAC} MiG of Moscow to be the in-country authorised partner for providing...

Long-term objectives to have funds replace Govt spending The Finance Act, 2020, has introduced tax exemptions for Sovereign Wealth Funds (SWFs) and Pension Funds (PFs) for income in the nature of dividend, interest or long-term capital gains arising from investments...

Bonds reflect international investors confidence in PFC business Power Finance Corporation Ltd (PFC), the leading NBFC in power sector, has raised US$500 million on 29 Jan 2021 through the issuance of USD denominated Bonds to be utilized in accordance with...

Saraf calls for a National Shipping Line to help exporters Positive growth of about 5.5% with US$27.24 billion of exports show not only signs of better order booking position but further improvement in coming months and the new fiscal, reiterated...

Budget 2021-22 recognises the need to modernise railways Plans to undertake future dedicated freight corridor (DFC) projects from Kharagpur to Vijayawada, Bhusaval to Dankuni and Itarsi to Vijayawada reinforces Government's attention to augmentation of rail freight transportation network was welcomed...

More economic corridors being planned Finance Minister Nirmala Sitharaman has listed out major projects that will be covered in the Rs.118,101 crore for Ministry of Road Transport and Highways under budget 2021-22 which was presented in parliament on 1 Feb...

Sitharaman launches 'National Monetization Pipeline" A Bill will be introduced to set up Development Financial Institution (DFI) which will act as a provider, enabler and catalyst for infrastructure financing with a lending portfolio of at least Rs.5 lakh crore in...

New technologies: 'MetroLite' and 'MetroNeo' A new Rs.18,000 crore scheme will be launched to support augmentation of public bus transport services in Urban Areas by facilitating deployment of innovative PPP models to enable private sector players to finance, acquire, operate...

Need to rationalize duties on textile raw material, says FM The Government has proposed a scheme of Mega Investment Textiles Parks (MITRA) to enable the textile industry to become globally competitive, attract large investments, boost employment generation and exports. The...