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Chennai (Tamil Nadu) [India], October 7 (ANI): Tamil Nadu Chief Minister MK Stalin on Tuesday inaugurated the Space and Defence Industries Exhibition in Chennai. During his address, MK Stalin said that Tamil Nadu is emerging as a leader in the manufacturing sector and emphasised the state's commitment to the growth of India's space sector. "Tamil Nadu is emerging as a leader in the manufacturing sector. It is the only state to have achieved double-digit economic growth. The state is making its ...Read More >
New Delhi: India's computer services industry is riding a wave of global demand, and artificial intelligence appears to be one of the big drivers. According to the World Bank, India's software exports have grown sharply since the launch of ChatGPT in late 2022, with sectors like outsourcing and business process services adopting AI faster than expected. Speaking at the Fourth Kautilya Economic Conclave in New Delhi, Franziska Ohnsorge, Chief Economist for the South Asia Region at the World Bank ...Read More >
New Delhi: Federal policy think tank NITI Aayog on Friday proposed a presumptive taxation scheme for offshore companies deriving profits from India as part of efforts to enhance the country's appeal to investors with tax certainty and ease of doing business. NITI Aayog said such an optional, industry-specific scheme, along with broader legislative clarity, administrative efficiency, strong dispute resolution schemes and adoption of global best practices, will dramatically cut litigation. That w ...Read More >
New Delhi [India] October 3 (ANI): Union Commerce and Industry Minister Piyush Goyal undertook a three-day official visit to Singapore to further strengthen bilateral economic and trade relations between the two countries. The visit highlighted India's strong growth trajectory, commitment to investment-led reforms, and the vast opportunities available for global partners across manufacturing, infrastructure, financial services, and the green economy.During his engagements with Singapore's leader ...Read More >
New Delhi: In an effort to curtail litigation, provide greater certainty, and facilitate compliance for multinational firms in India, the government think tank NITI Aayog has suggested an optional presumptive tax regime for foreign companies. The suggestion was contained in the first paper of its recently released Tax Policy Working Paper Series, which was presented on Friday by B.V.R. Subrahmanyam, CEO of NITI Aayog. If adopted, the suggestion could represent a significant change in India's t ...Read More >
New Delhi [India] October 3 (ANI): Union Commerce and Industry Minister Piyush Goyal undertook a three-day official visit to Singapore to further strengthen bilateral economic and trade relations between the two countries. The visit highlighted India's strong growth trajectory, commitment to investment-led reforms, and the vast opportunities available for global partners across manufacturing, infrastructure, financial services, and the green economy. During his engagements with Singapore's lea ...Read More >
NEW DELHI, Oct 3: The Government think tank Niti Aayog on Friday suggested the introduction of a presumptive taxation scheme for foreign companies to provide certainty and simplicity. The Aayog, in a working paper, said the optional presumptive taxation scheme would help resolve disputes concerning PE (permanent establishment), simplifying compliance and protecting revenue. "The proposed presumptive taxation scheme is a proactive and pragmatic solution to a long-standing problem. "It balances ...Read More >
New Delhi [India], October 3 (ANI): India has enormous economic opportunities in the present global circumstances and is on a firm growth path, said Larry Kramer, President and Vice-Chancellor of the London School of Economics and Political Science (LSE). In a conversation with ANI on the sidelines of the 4th Kautilya Economic Conclave in Delhi on Friday, Kramer highlighted that India's growth story is strong and resilient, with vast scope for further expansion if the right steps continue to be ...Read More >
NEW DELHI, Sept 30 (Reuters) - India's trade pact with four European nations, including Switzerland and Norway, will take effect from Wednesday, boosting exports of textiles, leather and food products while attracting investments, a government statement said. Under the Trade and Economic Partnership Agreement, opens new tab, signed last March after nearly 16 years of negotiations, the European Free Trade Association - comprising Switzerland, Norway, Iceland and Liechtenstein - will cut tariffs ...Read More >
New Delhi, Oct 1 (PTI) India will not only attract USD 100 billion committed investments from the four-nation EFTA bloc under a trade agreement, but also look at an additional USD 150 billion, Commerce and Industry Minister Piyush Goyal said on Wednesday. He said that huge opportunities are there for companies from these four countries to invest in India. Under the India-EFTA trade and economic partnership agreement (TEPA), New Delhi has received a commitment of USD 100 billion FDI from EFTA o ...Read More >
Lucknow: Senior Samajwadi Party leader and former minister Gayatri Prajapati was attacked by a fellow inmate inside Lucknow Jail on Tuesday. The scuffle took place within the jail premises, after which prison authorities launched an internal inquiry. According to a statement issued by Dr Ramdhani, DIG Prisons, Lucknow Range, the incident occurred after Prajapati allegedly used abusive language towards another inmate, Vishwas Rajput. In response, Vishwas attacked Prajapati using a sharp object i ...Read More >
New Delhi, Oct 1 (PTI) Swiss State Secretary for Economic Affairs Helene Budliger Artieda on Wednesday pitched for a bilateral investment treaty with India, following the USD 100 billion investment commitment by EFTA nations under a new trade pact. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. The free trade agreement between India and the four-nation European bloc EFTA came into force on Wednesday, under which the country has received ...Read More >
New Delhi, Oct 1 (PTI) Swiss State Secretary for Economic Affairs Helene Budliger Artieda on Wednesday pitched for a bilateral investment treaty with India, following the USD 100 billion investment commitment by EFTA nations under a new trade pact. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. The free trade agreement between India and the four-nation European bloc EFTA came into force on Wednesday, under which the country has received ...Read More >
New Delhi, Oct 1 (PTI) The free trade agreement between India and the four-nation European bloc EFTA came into force on Wednesday, under which the country has received an investment commitment of USD 100 billion over 15 years, while lowering or removing duties on products like Swiss watches and chocolates. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. It was signed on March 10, 2024. Commerce and Industry Minister Piyush Goyal said the ...Read More >
World Food India 2025, held in New Delhi, concluded successfully, reinforcing India's growing prominence in the global food processing sector. The event attracted significant investments, international collaborations, and industry participation, reflecting India's strategic position as a reliable global partner in agri-food value chains and sustainable practices. The landmark event World Food India 2025 concluded in New Delhi, solidifying India's position as a pivotal player in the global food ...Read More >
NEW DELHI, Sept 30 (Reuters) - India's trade pact with four European nations, including Switzerland and Norway, will take effect from Wednesday, boosting exports of textiles, leather and food products while attracting investments, a government statement said. Under the Trade and Economic Partnership Agreement, opens new tab, signed last March after nearly 16 years of negotiations, the European Free Trade Association - comprising Switzerland, Norway, Iceland and Liechtenstein - will cut tariffs ...Read More >
NEW DELHI (Reuters) -India's trade pact with four European nations, including Switzerland and Norway, will take effect from Wednesday, boosting exports of textiles, leather and food products while attracting investments, a government statement said. Under the Trade and Economic Partnership Agreement, signed last March after nearly 16 years of negotiations, the European Free Trade Association - comprising Switzerland, Norway, Iceland and Liechtenstein - will cut tariffs on 92.2% of tariff lines ...Read More >
The Maharashtra state cabinet has introduced a comprehensive cancer care policy, enhancing treatment through a three-tier system. New policies include the establishment of MAHACARE Foundation and MahaGeotech Corporation, Maharashtra Global Capability Centre Policy 2025, and an additional electricity sales tax for renewable energy initiatives. The Maharashtra state cabinet has taken a significant step by introducing a comprehensive cancer care policy aimed at strengthening healthcare within the ...Read More >
The banking regulator, through its internal investigation, found Simpl to be in violation of the Payments and Settlement Systems Act, 2007." The Reserve Bank of India (RBI) has asked Bengaluru-based fintech startup Simpl to halt all payment operations. In a letter dated September 25, a copy of which was reviewed by ET, the central bank stated: "The entity is directed to immediately stop the business of payment systems carried out by involving functions of payment, clearing, and settlement." Si ...Read More >
The "Make in India" initiative, launched in 2014, has transformed the nation into a global manufacturing powerhouse, according to Union Minister Piyush Goyal. Marking the 11th anniversary of the landmark "Make in India initiative", Union Minister for Commerce and Industry Piyush Goyal reflected on the program's transformative impact on India's manufacturing landscape, adding that the vision has transformed India into a global manufacturing powerhouse. Launched by Prime Minister Narendra Modi in ...Read More >
More than two in five multinational companies (MNCs) are planning to increase their trade and manufacturing operations in India, according to a recent report, "Future of Trade: Resilience" by Standard Chartered. The bank attributes this interest to India's status as "the world's most populous market and one of the fastest-growing large economies," highlighting the country's appeal to global businesses. The report underscores India's growing prominence as a hub for multinational investment, driv ...Read More >
NEW DELHI: India's government has drafted a proposal to ease foreign investment rules to allow e-commerce companies such as Amazon to buy products directly from Indian sellers and then sell them to overseas customers, a document showed. India prohibits foreign e-commerce companies from selling goods directly to consumers at home or abroad, allowing them only to operate a marketplace to connect buyers and sellers for a fee. The policy has been a matter of dispute between New Delhi and Washingto ...Read More >
Greater Noida, Sep 26 (SocialNews.XYZ) The five-day mega Uttar Pradesh International Trade Show 2025 (UPITS 2025) is expected to generate business to the tune of Rs 4,000 crore, state MSME and Textiles Minister, Rakesh Sachan, said on Friday. After inaugurating the B2B meetings with international buyers, Sachan said more than 2,400 exhibitors from the state are showcasing diverse products from different sectors, including textiles, handicrafts, khadi, garments, leather, food processing, One Dis ...Read More >
Chittapur (Karnataka) [India], September 26 (ANI): As the Centre's 'Make in India' campaign completed 11 years on September 24, Karnataka Congress MLA Priyank Kharge on Friday alleged "weak performance" in the manufacture and export of the country goods. Kharge flagged a fall in the manufacturing sector's share in the Gross Domestic Product (GDP) and said that the initiative has "failed many". Sharing an X post, he wrote, "As Make in India completes 11 years. Served a few, failed many. Manufac ...Read More >
NEW DELHI, Sep 25: Prime Minister Narendra Modi on Thursday invited global companies to invest in India's food processing sector as the country's triple strength of crop diversity, demand, and scale make it an attractive destination. The government has given a big push for the food processing sector in the last ten years, with supportive initiatives like production-linked schemes and mega food parks, resulting in a 20 times increase in capacity and doubling of exports, he said. Addressing the ...Read More >
NEW DELHI: India on Monday launched its first national policy on geothermal energy, joining a growing list of countries betting on subterranean heat to power their clean energy transitions. India's Ministry of New and Renewable Energy said the policy aims to unlock the country's untapped geothermal potential through incentives and regulations. It also encourages repurposing abandoned oil and gas wells and deploying ground source heat pumps for heating and cooling. WHY IT'S IMPORTANT Countrie ...Read More >
CHENNAI: AIADMK General Secretary and Leader of the Opposition Edappadi K Palaniswami criticised Chief Minister M K Stalin for "spreading false information" regarding employment generation and foreign investments in an attempt to deceive the people of the state. However, he said such attempts would prove futile, as the public is well-informed and capable of recognising misinformation and false narratives. Addressing a public meeting held to commemorate the 117th birth anniversary of former Chie ...Read More >
New Delhi, Sep 14 (PTI) Insurance Amendment Bill, which proposes 100 per cent FDI in the insurance sector, is likely to be introduced in Parliament in the upcoming Winter session, Finance Minister Nirmala Sitharaman has said. The winter session of Parliament generally commences in the second half of November and concludes before Christmas. "I hope to", she told PTI when asked if the bill to further liberalise FDI in the insurance sector can be introduced in Parliament in the upcoming Winter se ...Read More >
New Delhi, Sep 14 (PTI) Insurance Amendment Bill, which proposes 100 per cent FDI in the insurance sector, is likely to be introduced in Parliament in the upcoming Winter session, Finance Minister Nirmala Sitharaman has said. The winter session of Parliament generally commences in the second half of November and concludes before Christmas. "I hope to", she told PTI when asked if the bill to further liberalise FDI in the insurance sector can be introduced in Parliament in the upcoming Winter se ...Read More >
Maharashtra's Chief Minister, Devendra Fadnavis, and Iowa's Governor, Kim Reynolds, signed a partner state agreement to enhance cooperation in sectors like agriculture, biotechnology, education, and renewable energy. The agreement aims to boost economic prosperity and cultural exchanges, with a focus on innovation, investment, and mutual development. Maharashtra Chief Minister Devendra Fadnavis and Iowa Governor Kim Reynolds have formalized a strategic partnership aimed at strengthening ties in ...Read More >
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