Industry Sectors

In a significant development, import of Defence Equipment not manufactured in India has been exempted from Basic Customs Duty under the Budget 2019-20 tabled in Parliament on 5 July 2019 by Finance Minister Nirmala Sitharaman.

Transport sector has been allocated enhanced outlay of Rs.83,000 crore in the Union Budget presented on 5 July 2019, which the Finance Minister said will help carry out a comprehensive restructuring of National Highway Programme to ensure that the National...

Strategic disinvestment of select CPSEs will continue to remain a priority of the Government, retaining less than 51% stake under a modified policy, said Finance and Corporate Affairs Minister, Nirmala Sitharaman while presenting Union Budget 2019-20 in Parliament on 5...

Finance Minister Nirmala Sitharama has proposed to extend the lower rate of 25% Corporate Tax to all companies with annual turnover up to Rs.400 crore which will cover 99.3% of business in India.

Innovation is a currency of the future and India needs to start working in a focused manner on creating a strong innovation culture, said Dhotre Sanjay Shamrao, Minister of State, Ministry of Electronics & Information Technology.

The Federation of Indian Chambers of Commerce and Industry (FICCI) has launched its new initiative 'FICCI Future- X' platform that aims to elucidate Industry 4.0 technologies, highlighting the opportunities and challenges for students and faculty, through Future Talks, Capacity Building...

India need to increase its per capita energy consumption at least 2.5 times to increase its Real Per Capita GDP by US$5000 per capita to enter the Upper-middle Income Group, said the Economic Survey 2018-19.

India’s monetary policy witnessed a U-turn over the last year, according to the Economic Survey 2018-19 tabled in parliament on 4 July 2019.

In order to create a ten trillion-dollar economy by 2032 India needs a robust and resilient infrastructure, says the Economic Survey 2018-19, tabled in parliament on 4 July 2019 by a Finance and Corporate Affairs Minister Nirmala Sitharaman.

The Government has allocated Rs.850.00 crore in interim budget for the Financial Year 2019-20 to National Industrial Corridor Development and Implementation Trust (NICDIT) for development of all industrial corridor projects across the country, parliament was told on 3 July 2019.