Investment

The Public Sector Units (PSUs) in the defence industry have been given a target to achieve 25% of their turnover through exports by 2022-23, Defence Minister Rajnath Singh told Rajya Sabha on 26 June 2019.

Platform to reduce project costs by 60%     Tech Mahindra Ltd has announced a strategic global alliance with Dallas’ K2View, Inc to help organizations accelerate and bridge digital transformation by giving enterprises real-time access to their data, across silos,...

Commerce and Industry Minister Piyush Goyal has directed Department for Promotion of Industry and Internal Trade (DPIIT) to immediately form a committee to hear grievances and provide necessary clarifications on issues related to FDI in e-Commerce.

Deregulated interest rate on advances     The Government and Reserve Bank of India (RBI) have advice Scheduled Commercial Banks (SCBs) have taken several steps to ensure access of credit to Micro, Small and Medium Enterprises (MSMEs). This follows several...

Gross Non-Performing Assets (NPAs) of Public Sector Banks (PSBs) have declined by Rs.89,189 crore on the year to Rs.806,412 crore in financial year ended March 2019 based on provisional data from the Reserve Bank of India. It peaked at Rs.895,601...

Four Plastic parks in the States of Assam (Tinsukia), Madhya Pradesh (Raisen), Odisha (Jagatsinghpur) & Tamil Nadu (Thiruvallur) have been approved for implementation till 2019-20, Chemicals and Fertilizers Minister D.V. Sadananda Gowda told Parliament on 25 June 2019.

World Bank is lending US$31.58 million for the Uttarakhand Public Financial Management Strengthening Project that will help improve the State’s ability to manage its Financial Systems and lead to Better Utilization of Development Resources.

Hindustan Aeronautics Limited has adequate capacity to fulfil the existing orders and projects in hand, Defence Minister Rajnath Singh has told Rajya Sabha in a written reply on 24 June 2019.

Contracts worth about Rs.138,727.16 crore have been signed with foreign vendors for capital procurements of defence equipment for Armed Forces during 2016-19, Defence Minister Rajnath Singh said in a written reply to Rajya Sabha on 24 June 2019

The Government has decided to leapfrog directly to BS-VI quality w.e.f. 1 April 2020 across the country considering the rise in environmental pollution, Minister for Petroleum and Natural Gas Dharmendra Pradhan said in a written reply in the Lok Sabha...