Investment

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...

Subsidy for flagging merchant ships Seven projects worth more than Rs.2,000 crore will be offered by the major ports on Public private partnership mode in FY21-22, announced Finance Minister Nirmala Sitharaman while presenting Union Budget 2021-22 in Parliament on 1...

Govt to instill confidence in Corporate Bond Market The Government will consolidate the provisions of SEBI Act, 1992, Depositories Act, 1996, Securities Contracts (Regulation) Act, 1956 and Government Securities Act, 2007 into a rationaliszed single Securities Markets Code, Finance Minister...

Softbank's Kohli welcomes Acronis expansion plan in India Acronis, a software group with corporate headquarters in Schaffhausen, Switzerland, and international headquarters in Singapore, is looking at growing partnership opportunities in India, supported by its super competitive edge in market place...

Economic recovery to provide opportunity for India The Production Linked Incentive (PLI) Scheme will be a game changer and put India's focus on technology exports such as electronics, electrical machinery and automobiles, which accounts for over 35% of global imports,...

Govt to provide $26bn incentives through PLI India needs substantial investments to the tune of US$260 billion every year to meet its sustainable development goals (SDGs) by 2030, said Amitabh Kant, CEO, NITI Aayog, assuring that the national institution is...