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India to provide tariff concessions on 3,142 items to APTA members

July 3, 2018

India has agreed to provide tariff concessions on 3,142 products to Asia Pacific Trade Agreement (APTA) members, from July 1, 2018. The tariff concessions are implementation of results of fourth round of negotiations under APTA, which were formally concluded and ..

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Index of Eight Core Industries register 3.6% growth in May 2018

July 3, 2018

According to Index of Eight Core Industries released by Ministry of Commerce and Industry, the growth of eight core infrastructure industries has dropped to 10-month low of 3.6% in May 2018 due to decline in production of crude oil and ..

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Manufacturing PMI: India’s manufacturing growth jumps to six-month high in June 2018

July 2, 2018

According to Nikkei Manufacturing Purchasing Managers’ Index (PMI), compiled by IHS Markit, India’s manufacturing growth jumps to six-month high in June 2018. Manufacturing PMI rose to 53.1 in June 2018 from 51.2 in May 2018, the highest since December 2017. ..

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Global Real Estate Transparency Index: India ranks 35

June 29, 2018

India was ranked 35th among 100 countries (countries) in recently released Global Real Estate Transparency Index (GRETI). The index was released by realty consultant JLL. India was ranked 36th in the index during the last bi-annual survey conducted in 2016 ..

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International Micro, Small and Medium-sized Enterprises Day: June 27

June 28, 2018

The International Micro, Small and Medium-sized Enterprises (MSME) Day is observed every year across the world on June 27. This year is second edition after the day was instituted in April 2017. The day highlights strong contribution of MSME businesses ..

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Second tranche of Bharat-22 ETF oversubscribed, receives bids worth Rs 15,436 crore

June 26, 2018

The second tranche of Bharat-22 Exchange Traded Fund (ETF), comprising shares of 22 companies, has received bids worth Rs. 15,436 crore, much higher than government’s fund raising target. The second tranche was targeted to achieve fund mop up of Rs ..

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AIIB to invest $200 million into NIIF to boost infrastructure projects

June 25, 2018

The Asian Infrastructure Investment Bank (AIIB) has approved investment of $200 million in India’s National Investment & Infrastructure Fund (NIIF) to give greater impetus to mega infrastructure projects. It will be investing US $100 million now and remaining $100 million ..

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Government releases draft on cross-border insolvency resolution

June 22, 2018

The Ministry of Corporate Affairs has released draft on cross-border insolvency in order to strengthen Insolvency and Bankruptcy Code (IBC). It will help banks access overseas assets of company undergoing resolution. Similarly, Indian authorities will also be required to cooperate ..

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