Govt to continue undertaking policy reforms: PM Modi
India wishes to contribute exponentially to the economic development of Asia, a continent which has been seen to lead from the front of the global economic growth during 21st century The Dollar Business Bureau Prime Minister Narendra Modi at the MOF-IMF Conference on Advancing Asia: Investing for the Future, in New Delhi on Saturday. Finance Minister Arun Jaitley, Christine Lagarde Managing Director, IMF and other dignitaries are also seen. Dismissing the prolonged myth that democracy and rapid economic growth cannot go together, Prime Minister Narendra Modi on Saturday asserted that even though India is currently the worlds fastest growing major economy, the government will continue to undertake policy reforms. India has dispelled the myth that democracy and rapid economic growth cannot go together, ...
Indias defence exports likely to surge 40% this year
The Dollar Business Bureau As India’s defence exports have already touched Rs.700-crore mark in the first half of the current financial year, the shipment of this sector is expected to set a new benchmark with the government unleashing a slew of policy reforms to push domestic manufacturing and overseas sales by private players. Between April and September this year, the export of defence items by private companies was valued at Rs.441.06 crore, more than three times higher than their annual shipment value of Rs.132.17 crore recorded during previous year. While private firms exported items worth Rs.286 in 2013-14, their total shipment was capped at Rs.138.13 crore in 2012-13, showed the data revealed by the Minister of State for Defence Rao ...
Govt. vows to bring 97% FDI though automatic route: DIPP
The Dollar Business Bureau Government has taken a slew of initiatives to ease investment regulations in the highway sector and the results of these steps would be visible in the near future, says DIPP Secretary Amitab Kant The government aims to develop a level of self-governance to bring 97% of foreign direct investment (FDI) through an “automatic” route without requiring any bureaucratic approval, a senior government official said. “Following recent announcement of opening up 15 sectors for which Press Note has been issued today, India has thrown open 92% of the FDI route through automatic channel,” said Amitabh Kant, Secretary, Department of Industrial Policy and Promotion (DIPP). Inaugurating the 95th Annual Session of the Associated Chambers of Commerce and Industry ...
