Investment

Steel Minister Dharmendra Pradhan has called for a brave approach to innovation to boost growth in the Indian economy while learning from failures.

The Coal Ministry has decided to establish a ‘Sustainable Development Cell’ (SDC) to promote environmentally sustainable mining in the country and address environmental concerns during the decommissioning or closure of mines.

Projects worth Rs.7,700 crore, mostly sewage treatment plants, have been completed out of Rs.20,000 crore allocated for ensuring clean water flow into Ganga river.

The Coal Ministry has allotted two Coking Coal mines, Rohne and Rabodih, in Jharkhand to the Steel Central Public Sector Enterprises (CPSE’s).

Indian oil marketing companies have guaranteed buying energy from the 5,000 compressed biogas plants (CBG) being built across the country, Petroleum and Natural Gas Minister Dharmendra Pradhan has assured.

The Competition Commission of India (CCI) has approved Sanaka Growth SPV I Limited investment in Edelweiss Securities Limited (ESL) under sub-section (1) of Section 31 of the Act.

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.

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.