Investment

New foreign companies will be attracted to the coal sector following the latest liberalization of investment processes, expects Nangia & Co LLP which offers a diverse range of Taxation, Transaction Advisory and Business Consulting services.

India received net foreign direct investment of US$18.3 billion in April-July 2019, higher than US$11.4 billion in the corresponding period of 2018-19, the Reserve Bank of India’s Governor Shaktikanta Das said.

The government is working to make India the hub of largest skilled workers in the world, said Dr Mahendra Nath Pandey, Minister of Skill Development and Entrepreneurship.

The deployment of off-grid, clean energy technologies, combined with innovative financing models and market-based solutions, are agents of change through which India is expanding electricity network, noted the US Ambassador to India Kenneth Ian Juster.

Steel Minister Dharmendra Pradhan has told NMDC Ltd management to increase iron ore production and ensure supplies to all mills in the country.

The latest tax rate cut will be a major boost to the animal spirits of corporate India and will reinvigorate the manufacturing sector which has been going through a difficult phase of late.

India needs more R&D, innovation and creation of cutting-edge technologies to become self-reliant in defence production, Defence Minister Rajnath Singh said.

East Coast Railway under the aegis of Ministry of Railways signed a Memorandum of Understanding with Government of Odisha for development of Bhubaneswar station as Multi-Model Transport Hub.

Minister of Finance & Corporate Affairs Nirmala Sitharaman has reviewed banks performance in Delhi on 19 Sept 2019 in a meeting with the top management of Public Sector Banks.

National Highways Authority of India (NHAI) has identified Rs.30,000 crore worth stretches on pan India basis which will be constructed through Public Private Partnership on Built Operate Transfer (Toll) Mode.