Highest ever annual FDI inflow of US$ 81.97 billion last fiscal

December 22, 2021

Government has taken various steps to boost domestic and foreign investments in India. These include reduction in Corporate Tax Rates, easing liquidity problems of NBFCs and Banks, improving Ease of Doing Business, FDI Policy reforms, Reduction in Compliance Burden, policy measures to boost domestic manufacturing through Public Procurement Orders, Phased...

INDIA’S RICE EXPORTS ROSE BY OVER 33% TO 11.79 MT IN FIRST SEVEN MONTHS OF CURRENT FY

December 17, 2021

India’s thrust on expanding port handling infrastructure, development of value chain involving key stakeholders along with efforts to explore new opportunities in countries or markets for rice exports in the last couple of years have led to a huge spike in rice exports. INDIA’S RICE EXPORTS TREND Source: APEDA, Quantity...

Generation of jobs by startups rising

December 16, 2021

The number of jobs generated in last three years in the country, as reported by startups recognized by DPIIT, is as follows: There is no centralized compilation of information on year-wise contribution made by startups in the Gross Domestic Production of the country. Government of India as part of Startup...

Foreign direct investment goes north

December 16, 2021

During the last seven financial years, Foreign Direct Investment (FDI) inflows worth US$ 440.26 billion have been reported in India. FDI inflow in India stood at US$ 45.15 billion in 2014-2015 and has increased since then. The financial year wise details are as under: To promote Foreign Direct Investment (FDI),...

India’s foreign trade: November 2021

December 15, 2021

India’s overall exports (Merchandise and Services combined) in November 2021* are estimated to be USD 50.36 Billion, exhibiting a positive growth of 22.80 per cent over the same period last year and a positive growth of 15.53 per cent over November 2019. Overall imports in November 2021* are estimated to...

NHRC ‘Open Hearing and Camp Sitting’ held in Shillong

December 15, 2021

The National Human Rights Commission concluded its two days ‘Open Hearing and Camp Sitting’ In Shillong today recommending payment of Rs.15 lakh as relief in different cases of violation human rights of people belonging to different categories in the States of Meghalaya, Mizoram and Tripura. During the hearing of 19...

REPORT: TOP EXPORT DISTRICTS OF INDIA

December 11, 2021

Under the ‘Districts as Export Hubs Initiative’, products and services with export potential have been identified for all districts of the country. The list of such identified products and services is regularly updated on the basis of inputs received from the States/UTs. Under this initiative, district export action plans have...

NORTH-EASTERN REGION TO EMERGE AS A HUB OF RUBBER PRODUCTION: PIYUSH GOYAL

December 10, 2021

The Minister for Commerce & Industry, Textiles, Consumer Affairs and Food & Public Distribution, Shri Piyush Goyal has said the North-East can emerge as a hub for rubber production. Shri Goyal said the Central Government has planned rubber plantations on a total of 2 lakh hectares in the NE states...

PLI Scheme for Industry to spur investment

December 9, 2021

Keeping in view India’s vision of becoming ‘Atmanirbhar’ and to enhance India’s Manufacturing capabilities and Exports, an outlay of INR 1.97 lakh crore (over US$ 26 billion) has been announced in Union Budget 2021-22 for PLI schemes for 13 key sectors of manufacturing starting from fiscal year (FY) 2021-22. The...

Regional Trade Agreements of India

December 9, 2021

India currently has 11 Free Trade Agreements (FTAs)/Regional Trade Agreements (RTAs) with other countries/regions. In addition, it has 6 limited coverage Preferential Trade Agreements (PTAs). The details are as under: A few instances of re-routing of goods through the countries with which India has FTAs/RTAs have come to notice. To...