Investments

PLI Scheme for White Goods

March 8, 2022

Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights) was launched in 2021 with a budgetary outlay of Rs. 6,238 crore. About PLI scheme PLI scheme is aimed at making India’s manufacturing sector globally competitive by ..

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Odisha Govt to set up District Investment Promotion Agencies (DIPA)

March 9, 2021

The State of Odisha has decided to set up the dedicated “District Investment Promotion Agencies (DIPA)” in 30 districts of the state. The DIPA will help in promoting and facilitating the investment in the state. Significance of the move The ..

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Maharashtra govt signs MOUs worth Rs. 16,100 crore with 12 global corporations

June 16, 2020

Maharashtra govt signed Memorandum of Understanding-MOUs with 12 global corporations from the USA, China, South Korea, and Singapore, and India. prominent companies investing in Maharashtra include Great Wall Motors Company, API Motors, United Phosphorus, and ExxonMobil. The Memorandum of Understanding ..

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IMF: Recession due to COVID-19 to be worse than 2009

March 24, 2020

On March 24, 2020, the International Monetary Fund announced that the recession to be caused due to Corona Virus is to be worse than the 2009. IMF has specifically warned the G20 nations that the current economic outlook is towards ..

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GDP at 4.5% in Second Quarter(July-September), Lowest in 25 Quarters

November 29, 2019

The Gross Domestic Product(GDP) of India has now been declining for five straight quarters in a row, falling by 0.5 percent from the first quarter of 2019-20 to 4.5 percent in the second quarter, registering the slowest and lowest growth ..

Interest Rates of Small Saving Schemes lowered

June 29, 2019

The Central government has reduced the prevailing interest rates in several saving schemes as per a notification issued on 28th June 2019. Which Schemes have changed? The schemes for which the interests have been lowered are the five-year Senior Citizen ..

Revamping Food Laws

June 15, 2019

The Governing Council of the NITI Aayog chaired by Prime Minister Narendra Modi will look at the proposal of the NITI Aayog to reform the food laws. Proposals at the Table NITI Aayog has recommended the scrapping of the Essential ..

Invest India wins UN Award for excellence in promoting investments in sustainable development

October 24, 2018

Invest India, the country’s investment promotion body, has won United Nations (UN) Award for excellence in promoting investments in sustainable development. The award was presented by Armenian President Armen Sarkissian to CEO of Invest India Deepak Bagla at the World ..

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Investment in P-notes hits 9-year low at Rs 80,341 crore

August 18, 2018

Investments through participatory notes (P-notes) into Indian capital markets- equity, debt, and derivatives have plunged to over nine-year low of Rs 80,341 crore till July 2018-end. This is the lowest level since April 2009 when the cumulative value of such ..

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Credit Enhancement Fund: Government to launch Rs.500 crore fund

June 12, 2018

Union Government is going to launch Rs.500 crore Credit Enhancement Fund (CEF) in July 2018 to facilitate infrastructure investments by insurance and pension funds. The CEF provides additional source of assaurance or gaurantee that borrower will service their loan. It ..

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