Corona Virus
Japan loans JPY 30 billion’s for the COVID-19 crisis
Japan’s Official Development Assistance for the COVID-19 crisis response support loan for social protection
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Economic Affairs
Business
Govt approves Rs 28K Cr Central Sector Scheme for Industrial Development of J&K
Government approves Central Sector Scheme for Industrial Development of Jammu & Kashmir; For the first time, any industrial incentive scheme is taking the industrial development to the block level; Scheme is upto the year 2037 at a total cost of Rs. 28,400 crore […]
Finance
World Bank gives $105M to Improve Waterways in West Bengal
The Government of India, the Government of West Bengal, and the World Bank today signed a $105 million project to improve the inland water transport infrastructure in Kolkata, West Bengal. […]
Business
Ministry of Textiles invites proposals for constitution of a Dedicated Export Promotion Council
Ministry of Textiles has invited proposals for the constitution of a dedicated Export Promotion Council (EPC) for Technical Textiles vide Public Notice dated December 01, 2020. […]
Finance
NBD to fund $500M for the RRTS project in NCR
Government of India & NDB Sign Agreement for USD 500 Million to Provide Fast, Reliable, Safe and Comfortable Public Transport System in The National Capital Region […]
Investments
Cabinet approves Rs 1810 crore Investment Proposal of Hydro Power Project
The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi has approved the investment of Rs.1810.56 crore for 210 MW Luhri Stage-I Hydro Electric Project located on river Satluj which is situated in Shimla &Kullu districts of Himachal Pradesh. This project will generate 758.20 million units of electricity annually.
Finance
Special Window for Stressed Residential Projects to boost investment in the Real Estate
Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman, today reviewed the performance of Special Window for Affordable and Mid Income Housing (SWAMIH)with Secretaries of Ministries of Finance and senior management team of the State Bank of India, SBI Capital Markets Limited and SBICAPS Ventures Limited (SVL). […]
Foreign Relations
India-US review engagements under the Comprehensive Global Strategic Partnership
Foreign Secretary Harsh Vardhan Shringla and the U.S. Under Secretary of State for Political Affairs David Hale held virtual Foreign Office Consultations on 7 July 2020. […]
Finance
Loan Agreements for Housing Sector Strengthening Programme in TN
The Government of India, the Government of Tamil Nadu and the World Bank yesterday signed legal agreements to help low-income groups in the state of Tamil Nadu get access to affordable housing. […]
Foreign Relations
India signs Concession Agreement for the 600 MW Hydro Project with Bhutan
The Concession Agreement for the 600 MW Kholongchhu (Joint Venture) Hydroelectric Project between the Royal Government of Bhutan and Kholongchhu Hydro Energy Limited was signed on 29 June 2020 in Thimphu, in virtual presence of Dr. S. Jaishankar, External Affairs Minister, Government of India and Lyonpo Dr. Tandi Dorji, Foreign Minister, Royal Government of Bhutan. […]
Finance
Cabinet approves establishment of Animal Husbandry Infrastructure Development Fund
In pursuance of recently announced Atma Nirbhar Bharat Abhiyan stimulus package for ensuring growth in several sectors, the Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has approved setting up of Animal Husbandry Infrastructure Development Fund (AHIDF) worth Rs. 15000 crore. […]
Foreign Relations
ONGC to invest more in Shwe oil & gas project of Myanmar
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has approved additional investment of US$ 121.27 million (about Rs.909 crore) by ONGC Videsh Ltd (OVL) towards further development of blocks A-1 and A-3 Blocksof Shwe oil & gas project in Myanmar. […]
Finance
Increase in Economic Activity raises Economic Indicators
Guided by the urgent need to save lives -‘Jaanhaitoh Jahan hai’, India resorted to a strict 21 days nationwide lockdown on 24thMarch, 2020 to contain the spread of COVID-19 in its early stages in the country. […]
Finance
Govt closely monitoring transmission of repo rate cuts
Union Minister for Finance & Corporate Affairs Smt Nirmala Sitharaman while interacting with the Managing Committee Members of PHD Chamber of Commerce and industry through video conferencing today said that the Government has always recognised the importance of wealth creators as they generate employment opportunities and utilise resources in optimal manner for promoting the socio-economic development in the country. […]
Corona Virus
India & AIIB sign an Agreement for $750 Million for COVID-19 support
The Government of India and the Asian Infrastructure Investment Bank (AIIB) here today signed a $750 million “COVID-19 Active Response and Expenditure Support Programme” to assist India to strengthen its response to the adverse impacts of the COVID-19 pandemic on poor and vulnerable households. […]
Investments
Ministries to setup Empowered Group of Secretaries and Project Development Cells to attract FDI
The Union Cabinet under the leadership of Hon’ble Prime Minister Shri Narendra Modi has given its approval for setting up of an “Empowered Group of Secretaries (EGoS) and Project Development Cells (PDCs) in Ministries/Departments of Government of Indiafor attracting investments in India”. […]
Business
Revenue sharing methodology applied for auction of coal/lignite mines
Cabinet approves adoption of methodology for auction of coal and lignite mines/blocks for sale of coal/lignite on revenue sharing basis & tenure of coking coal linkage […]