BUSINESS AWAAZ

Backward, minorities should have 1st claim on central funds:NITI AYUG

AMN / Chief Minister’s sub-group on centrally-sponsored schemes (CSS) consituted by Niti Ayug has suggested that MGNREGA and social inclusion schemes, particularly for the disabled, backward castes and minorities, should have the first claim on central funds. The panel in its report submitted to the Prime Minister last month, has also recommended that the number … Continue reading Backward, minorities should have 1st claim on central funds:NITI AYUG

Fast track system developed to help UK companies invest in India

AMN / The department of industrial promotions and policies in India has developed a general agreement with its counterpart in the United Kingdom on a fast track system for easy clearance to the UK companies investing in India. Indian High Commissioner to UK Ranjan Mathai in an interview to All India Radio said that Britain … Continue reading Fast track system developed to help UK companies invest in India

India eases FDI norms in 15 major sectors

AMN / The Government of India has liberalised Foreign Direct Investment, FDI norms in 15 major sectors of the economy to further boost the investment environment and to bring in more foreign investment in the country. These sectors include mining, civil aviation, defence, broadcasting, construction, manufacturing and private sector banking. FDI decision shows Govt’s commitment … Continue reading India eases FDI norms in 15 major sectors

India re-elected to UN Commission on Intl Trade Law

AMN India has been re-elected to the UN Commission on International Trade Law for another six years term, maintaining its unbeaten track record of winning elections at the world body. At an election held yesterday in the General Assembly, India was re-elected to UN Commission on International Trade Law (UNCITRAL) for the 2016-2022 term. India … Continue reading India re-elected to UN Commission on Intl Trade Law

India’s prospects relatively robust; to grow at 7.2%: OECD

With relatively robust growth prospects, the Indian economy is expected to expand by 7.2 per cent this fiscal but difficulty in passing key structural reforms and large non-performing loans are holding it back, says Paris-based think tank OECD. However, the Organisation for Economic Cooperation and Development (OECD) today cut the global growth forecast for this … Continue reading India’s prospects relatively robust; to grow at 7.2%: OECD

Defeat in Bihar have no impact on economic reforms process: FM

AMN / Union Finance Minister Arun Jaitley has said the defeat in Bihar elections have no impact on the economic reforms process in the country. He said the structural reforms will continue at a rapid pace. Mr jaitley said this in an interview to a private news channel in New Delhi. Admitting that some irresponsible … Continue reading Defeat in Bihar have no impact on economic reforms process: FM

Five South Korean Cosmetic Giants Debut in India

Sign JV with RE to Market High End Cosmetic and Wellness products Coson Co gets land from UP Govt. to make products in India By A Akhther and TN Ashok NEW DELHI: Five leading South Korean companies today made their debut in India with their array of high end cosmetic and wellness products when they … Continue reading Five South Korean Cosmetic Giants Debut in India

Govt clears four FDI proposals worth Rs 384 crore

Government has approved four proposals of Foreign Direct Investment, FDI, amounting to Rs 384.45 crore. An official statement said Foreign Investment Promotion Board, FIPB, in its meeting held on 19th of last month, had recommended these proposals including that of pharma firm Lupin. The proposal of Lupin pertained to grant of Empolyee Stock ownership Plans … Continue reading Govt clears four FDI proposals worth Rs 384 crore

FPIs take out Rs 4300 crore in last five trading days

Foreign investors have pulled out more than 4,300 crore rupees from Indian capital markets in the past five trading sessions due to muted quarterly earnings and fears of a possible rate hike by the US Federal Reserve. The move comes after Foreign Portfolio Investors FPIs inflow had hit a 7-month high in October. Prior to … Continue reading FPIs take out Rs 4300 crore in last five trading days

Thermal coal imports surge 18 percent in 1st 7 months

Thermal coal imports surged 18 percent at the country’s top 12 major ports to 55.90 million tonnes in the first seven months of the current fiscal, amid government efforts to boost domestic output, led by state-owned Coal India Ltd. These ports had handled 47.23 MT of coal during the April to October period of the … Continue reading Thermal coal imports surge 18 percent in 1st 7 months

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