The growth projections come soon after Moody’s had revised India’s sovereign ratings outlook to positive (Baa3) from stable. Another ratings agency, Fitch, had reaffirmed its stable outlook on India.
The report on India is the third in the FUDS Initiative. The first two presented the results of the initiative’s engagement with three Chinese cities: Tianjin, Dalian and Zhangjiakou.
As per the report, economic growth of the region will increase from 7 percent in 2015 to 7.6 percent by 2017
Government notification issued on 19 August 2014 said that the benefit of minimum pension was made effective from 1 September 2014 to 31 March 2015.
The capital market regulator said that the FPIs and domestic clients can take position (long and short) in foreign currency up to 15 million US Dollars or equivalent per exchange.
The hike in the insurance sector from the present 26 percent to 49 percent is in tune with the DIPP’s March 2015 decision regarding operationalisation of the hike.
With this decision, Central Government employees as well as pensioners are entitled for DA or DR at the rate of 113 percent (an increase of 6 percent) of the basic pay with effect from 1 January 2015.
The foreign Investments worth 4187 crore rupees will help the companies to expand their operations and research and development facilities.
The projects are aimed at improving road connectivity in Uttar Pradesh and Tamil Nadu and the expenditure to be incurred on these projects will be borne by the Union Government.
The MUDRA Bank launched by Prime Minister seeks to go beyond the concept of credit only approach and provides both credit plus solution for small entrepreneurs spread across the country.
The scheme was launched with an aim to boost sales of eco-friendly vehicles in the country. It is a part of the National Mission for Electric Mobility.
As per the estimation of the Department of Fertilizer (DOF), the decision will lead to additional production of around 37.13 lakh million tones (MT) of urea.
The penalty was imposed for non-adherence of the Know Your Customer and Anti-Money Laundering guidelines.
The Reserve Bank of India on 25 March 2015 signed a 400 million US Dollars currency swap agreement with the Central Bank of Sri Lanka. The agreement is valid for a period of three years from the date of signing.
The RuPay pre-paid card was launched by Indian Railway Catering and Tourism Corporation (IRCTC), the Railways' tourism and catering arm, in collaboration with the Union Bank of India.
The guidelines for IFSCs aim to provide an enabling environment for setting up of capital market infrastructure like stock exchanges, clearing houses, depository services, etc., in such centres
The regulations will enable the resources starved municipalities across the country to mobilise financial resources from capital market.
RBI allowed banks to include stamp duty and registration and other documentation charges to the cost of a unit.
It also approved extension of the Freight Subsidy Scheme 2002 for far-flung areas till 31 March 2015. The Freight Subsidy Scheme 2002 provides for freight subsidy to PDS Kerosene and Domestic LPG consumers in far-flung areas.
This is the second time since January 2015 that RBI reduced the repo rate by 25 basis points. With this, the reverse repo rate under the LAF stands adjusted to 6.5 percent, and the marginal standing facility (MSF) rate and the Bank rate to 8.5 percent.
The agreement empowers the RBI to go for inflation targeting that is common in developed countries and it also empowers RBI to monitor its monetary policy framework.
Core sector growth declined to 13-month low of 1.8 percent in January 2015 as compare to 3.7 percent in 2014.
To emerge as a prosperous country and a responsible global power, Union Government wants to achieve the thirteen points of the vision by 75th year of Independence of India.
Arun Jaitley presented Union Budget 2015-16 in the Parliament.
The Economic Survey reviews the developments in the Indian economy over the previous 12 months, summarises the performance on major development programmes and highlights the policy initiatives of the government
Railway Minister Suresh Prabhu on 26 February 2015 presented his maiden Rail Budget 2015-16 in the Lok Sabha.
In the budget, Prabhu gave 11 thrust areas to improve quality of life in train journeys which also includes Swachh Rail - Swachh Bharat drive.
In this regard, Rail Budget 2015 – 16 unveiled certain initiatives ranging from cleanliness drive to development of infrastructure to improving the overall quality of life in train journeys.
Passenger fair was not hiked while the facility of booking tickets in advance has been increased to 120 days instead of 60 days which was available till date.
The scheme will be implemented through NTPC and NTPC Vidyut Vyapar Nigam Limited in three tranches.
For these two benches, there will be a creation of two posts of Vice-Chairmen in the Apex scale and four posts of Members (two posts of Revenue Members and two posts of Law Members).