India Lifted 271 Million People Out of Poverty Between 2006 and 2016
The 2019 global Multidimensional Poverty Index (MPI) from the UN Development Programme (UNDP), the Oxford Poverty and Human Development Initiative (OPHI) was released Thursday.
Economy
News on Indian Economy
US-India Bilateral Trade Could Reach $238 Billion by 2025: Report
The USISPF’s “US-India Bilateral Trade Report” estimate also projects that, by 2025, bilateral trade could range between $283 billion to $327 billion, at an annual average growth rate of 10 per cent-12.5 per cent (as witnessed in 2017 and 2018).
Nagpur-Secunderabad High Speed Rail: Russian Railways To Submit Feasibility Report Soon, Seeks Project Partnership
Alexandr Misharin also hinted at the possibility of an intergovernmental agreement to provide joint support for the project. According to him, such an execution model has already been proposed to India by the Ministry of Transport of the Russian Federation.
Beauty & Wellness Business in India has Potential to Reach US$ 11.12 Billion
Beauty and wellness business in India have a market potential of Rs 80,000 crore (US$ 11.12 billion) and can provide employment opportunities to lakhs of individuals.
Six Nodes Identified for Defence Corridor in Uttar Pradesh, Says Government
During the Aligarh meet held on 11 August 2018, investments of over Rs 3700 crore were announced for Uttar Pradesh Corridor by Defence Public Sector Undertakings/Ordnance Factory Board and Private industries.
Russia, India to Sign Agreement on Production of Military Spare Parts – Make in India
“We have recently held the first meeting of a working group on the post-purchase maintenance [of military hardware] and agreed to step up preparations and the signing of an intergovernmental agreement on the production of spare parts in India. A draft agreement is currently under consideration at the domestic level,” – Vladimir Drozhzhov
Union Budget 2019: Social Stock Exchanges Could soon Take Off in India
The FM said entities working for the realisation of a social welfare objective will be able to raise equity and debt through an electronic fund raising platform. Globally, there are a few such exchanges, such as Singapore’s Impact Investment Exchange Asia and London’s Social Stock Exchange.
Tata to Supply 200 Hexa 4x4s to Bangladesh Army
Tata Motors has been selling passenger vehicles in Bangladesh since 2012. It is currently amongst the top two best-selling passenger vehicle brands in Bangladesh with the Tata Indigo, Tata Tiago and Tata Nexon in its portfolio of offerings. The Tata Hexa is being made available exclusively for the use of the Armed Forces and is currently not available for purchase for private customers.
Budget to Boost Investment, Rural Demand, Ease of Doing Business and Living: ASSOCHAM
Finance Minister Mrs Nirmala Sitharaman’s maiden budget is a mega investment-oriented initiative
PM Modi to Throw Open 3D Virtual Museum for Special Varanasi Experience
The state of the art virtual museum, offering a 3D view of the world famous Kashi ghats, lanes, classical music and heritage, is the first of its kind in Eastern UP.