Tarun Nangia

Fourth Industrial Revolution will be shaped by India; FinTech to play important role: IFSCA chairman Injeti Srinivas

March 11, 2021

The IFSCA, Srinivas emphasised, attaches huge importance to developing a FinTech hub in India. ‘We want to be the frontrunners in this. Under the IFSCA, you (the industry) have a unified regulator who regulates all the segments of the financial sector. For FinTech to have an international presence, this is...

Onus of infrastructure-driven growth rests on financial sector: Chief Economic Adviser, GoI

March 10, 2021

Dr K.V. Subramanian, Chief Economic Adviser, Govt of India today stressed that there is a significant need for India to focus on infrastructure spending. HE said that the country is now focusing on growth through infrastructure in a sustained manner. “This is the time when the financial sector should take...

MoU signed for Paradeep Plastic Park between IOCL and IDCO

March 10, 2021

Indian Oil Corporation Limited (IOCL) and Odisha Industrial Infrastructure Development Corporation (IDCO) today signed an Memorandum of Understanding (MOU) to develop Paradip Plastic Park. The MoU was signed on a hybrid mode, in the presence of Minister of Petroleum & Natural Gas and Steel Dharmendra Pradhan, Shri Naveen Patnaik, Chief...

India attracts $67 billion FDI in Apr-Dec 2020

March 6, 2021

India attracted total FDI inflow of US$ 67.54 billion during April to December 2020; FDI equity inflow grew by 40% in the first 9 months of F.Y. 2020-21 (US$ 51.47 billion . Foreign Direct Investment (FDI) is a major driver of economic growth and an important source of non-debt finance...

FIRST EXPORT CONSIGNMENTS OF ‘RED RICE’ FROM ASSAM TO UNITED STATES FLAGGED OFF

March 6, 2021

In a major boost to India’s rice exports potential, the first consignment of ‘red rice’ was flagged off today to the USA. Iron rich ‘red rice’ is grown in Brahmaputra valley of Assam, without the use of any chemical fertilizer. The rice variety is referred as ‘Bao-dhaan’, which is an...

CONSULTATIVE APPROACH OF THE GOVERNMENT IN FORMING POLICY FOR CHEMICALS AND PETROCHEMICALS SECTOR: SADANANDA GOWDA

March 6, 2021

Mr DV Sadananda Gowda, Minister of Chemicals & Fertilizers, Govt of India today emphasized that the government is working on a consultative approach in forming the policies for India chemicals and petrochemicals sector. Addressing a webinar on ‘Implementation Strategy of Budget Announcement 2021-22’, organised by the Department of Chemicals &...

Entire rail network to be fully electrified by December 2023, says Piyush Goyal

March 4, 2021

Piyush Goyal, Union Minister for Railways, Commerce & Industry and Consumer Affairs, Food & Public Distribution, Govt of India today said that the government is working to ensure that the entire rail network will be fully electrified by December 2023 and the entire rail network will run on renewable energy...

WILL GUPTAS’ ASSOCIATE JALAN GET SECURITY CLEARANCE TO RUN AN AIRLINE?

March 3, 2021

Will Murari Lal Jalan, family and business associate of the Gupta family, which has been accused of state capture in South Africa, get security clearance to run Jet Airways in India? It seems unlikely given that even the United States Department of Treasury’s Office of Foreign Assets Control (OFAC) has...

India’s merchandise trade: Preliminary data, February 2021

March 3, 2021

India’s merchandise exports in February 2021 were USD 27.67 billion as compared to USD 27.74 billion in February 2020, a decrease of 0.25%. Exports during April-February 2020-21 were USD 255.92 billion, as compared to USD 291.87 billion during the same period of last year, exhibiting a negative growth of 12.32%....

Rising global demand for copper, zinc, other non-ferrous metals helps engineering exports: EEPC India

March 2, 2021

A sharp rise in global demand for non-ferrous metals like copper, aluminium and zinc along with their products , has greatly helped the Indian engineering exports brave through the Covid-19 pandemic hit world trade, an EEPC India analysis has shown. A near 16 per cent increase in overall engineering exports...

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