Investment

Forty-one religious sites have been identified for development in the country, said Minister of State for Tourism, K. J. Alphons, in a written reply in Rajya Sabha on 18 Dec 2018.

Bajaj Allianz General Insurance Company Limited (BAGIC) has selected Majesco Distribution Management for the incentive and reward management for their employees, said the Navi Mumbai-based Majesco Ltd.

The applicability of GST in the Indian taxation system was a move aimed towards ‘one nation, one tax’. Post land abetment, the applicable GST for under-construction properties was 12% while ready-to-move-in flats were kept out of the GST ambit.

Turkey’s Minister for Trade Ruhsar Pekcan hopes a Free Trade Agreement (FTA) between her country and India could be finalised soon to ensure sustainability in trade relations.

The Indian electronic-commerce (e-commerce) market was US$38.5 billion in 2018-19, a strong increase of 17% on 2017-18’s US$33 billion, according to a review by the National Association of Software and Services Companies (NASSCOM).

A Singapore-based mobile services provider, VivoHub, has selected Tata Communications to turn its VivoBee mobile app into a one-stop suite of mobile services designed to meet the city state's one million migrant workers needs.

Foreign Direct Invest (FDI) has increased to US$60.97 billion in 2017-18 from US$45.15 billion in 2014-15, Minister of State for Commerce and Industry, C. R. Chaudhary, updated parliament in a written reply on 17 Dec 2018.

France is supporting the Indian government’s ambitious plan for the deployment of electrical vehicles by maximizing solar mobility and minimizing its grid impact.

The Cabinet Committee on Economic Affairs construction of a 5.634 km long new 4-lane bridge across river Ganga and 14.5 km road in Bihar. It would cost Rs.2,926.42 crore and completed in three-and-a-half year by January 2023.

S&P Global Ratings has issued a cautious note on the Indian government’s increasing involvement in affairs of the central bank, saying it could undermine the hard-fought improvements in the banking system over the past few years.