Invest in India News

  • "Launch of GeMSamvad: The GeM -Industry forum”

    An MoU was signed today between Government eMarketplace (GeM) SPV and the Confederation of Indian Industry (CII), in the presence of Smt Nirmala Sitharaman,  Commerce & Industry Minister at Udyog Bhawan, New Delhi. Smt S Radha Chauhan, CEO GeM and Sh Chandrajit Banerjee, DG, CII singed the MoU on behalf of GeM SPV and CII respectively.

  • PM launches website to honour gallantry award winners

    The Prime Minister, Shri Narendra Modi has launched a new website today to honour all the gallantry award winners since Independence.

    Announcing the launch of the website http://gallantryawards.gov.in/  in a series of tweets, the Prime Minister said the portal will preserve and tell the stories of our bravest men and women, civilians as well as armed forces personnel.

  • India’s Foreign Trade: July 2017

    I. MERCHANDISE TRADE

    EXPORTS (including re-exports)

  • Highlights of the Economic Survey 2016-17 Volume-2

    Fiscal Developments

     

    ·         The fiscal outcome of the Central Government in 2016-17 was marked by strong growth in tax revenue, sustenance of the pace of capital spending and a consolidation of non-salary/pension revenue expenditure. This combination allowed the Government to contain the fiscal deficit to 3.5 per cent of GDP in 2016-17.

  • Incentives are given to Farmers for Cultivation of Medicinal Plants: Shri Shripad Naik

    The Ministry of Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homoeopathy (AYUSH), Government of India under its Centrally Sponsored Scheme of National AYUSH Mission (NAM) is providing financial assistance as subsidy to farmers to encourage cultivation of herbs/medicinal plants throughout the country. 

  • Small Farmers Agri-Business Consortium

    The Government established Small Farmers’ Agri-Business Consortium (SFAC) as a Society in 1994 to facilitate agri-business ventures by catalyzing private investment through Venture Capital Assistance (VCA) Scheme in close association with financial institutions.  The setting up of State level SFAC as counterpart agency of Central SFAC for agribusiness projects was part of the Scheme. The Scheme envisaged a corpus contribution from Central SFAC of Rs.

  • State wise Target set for 100 million Artificial Insemination for 2017-18

    National goal of 300 million ton milk production by 2023-24 

  • Employment in Heavy Industries

    Since Industry is a State subject, the Department of Heavy Industry (DHI) does not maintain any centralized data regarding generation of new employment and investment made in heavy industries in the country. The role of DHI is confined to the administration of Central Public Sector Enterprises (CPSEs) under its administrative control.

  • Pension Scheme for The Elderly

    Government has launched the ‘Pradhan Mantri Vaya Vandana Yojana (PMVVY)’ to provide social security during old age and to protect elderly persons aged 60 and above against a future fall in their interest income due to uncertain market conditions. The scheme enables old age income security for senior citizens through provision of assured pension/return linked to the subscription amount based on government guarantee to Life Insurance Corporation of India (LIC).

  • Schemes to make education loan as easy loans

    All Scheduled Commercial Banks provide Education Loan to students. Simple interest is charged during the study period and up to commencement of repayment. Accrued interest is added to the principal amount borrowed while fixing EMI (Equated Monthly Instalment) for repayment.

     

    The Schemes launched by the Government to provide interest subsidy to the students include:

     

  • Consumer Protection Act

    The Consumer Protection Act, 1986 provides a consumer the right to be informed about the quality, quantity, potency, purity, standard and price of goods or services.

  • India and Iran reiterate their commitment for early operationalization of Chabahar Port Shri Nitin Gadkari returns from a two day visit to Teheran

    Shri Nitin Gadkari, Minister for Shipping and Road Transport & Highways returned to India yesterday after a two day visit to Tehran. He was there to represent the Indian Government at the inauguration and oath taking ceremony of HE Dr. Hassan Rouhani as the President of Iran for a second term, on 5th August, 2017. 

  • 25% growth in number of Income Tax Returns filed in current fiscal Advance Tax (Personal Income Tax) collections up by 41%

    As a result of demonetization and Operation Clean Money, there is a substantial increase in the number of Income Tax Returns(ITRs) filed. The number of  Returns filed as on 05.08.2017 stands at 2,82,92,955 as against 2,26,97,843 filed during the corresponding period of F.Y. 2016-2017, registering an increase of 24.7% compared to growth rate of 9.9% in the previous year.

  • Performance of Non Banking Financial Companies (NBFCs)

    Reserve Bank of India (RBI) has informed that as of March 2017, there were 11517 Non Banking Financial Companies (NBFCs) registered with them, of which 179 are deposit accepting NBFCs (NBFC-D) and 220 are Systemically Important Non Deposit accepting NBFCs (NBFC-ND-SI). All NBFC-D and NBFC-ND-SI excluding State run NBFCs are subject to prudential regulations such as capital adequacy requirements and provisioning norms along with reporting requirements.

     

  • Sale of Products after Introduction of GST

    On account of implementation of GST there may be instances where the retail sale price printed on pre-packaged commodity is required to be changed. The Department has therefore issued an order according to which, manufacturers/packers/importers of pre-packaged commodities are to declare the revised retail sale price (MRP), by way of stamping or putting sticker or online printing, as the case may be, on the unsold stock