India Launches Emissions Trading Programme to Reduce Air Pollution
The programme is a market-based system where the government sets a cap on emissions and allows industries to buy and sell permits to stay below the cap.
Economy
News on Indian Economy
Make in India boost! Govt Recognises One Start-Up per Hour in May
Recognition of start-ups is a formal acknowledgement of their inclusion in the start-up ecosystem, after which if they comply with a series of criteria they are deemed eligible for tax breaks and other incentives.
MSME Park to be Built in Aligarh’s Defense Corridor
A total 47 hectares of land has been taken under acquisition near Khair road in Andala Village of Aligarh district of Uttar Pradesh for the defence industrial corridor. Of which, 10% will be dedicated for the establishment of MSME park.
Arunachal to Expedite Greenfield Airport Project at Hollongi
The decades-old dream of having an airport in the State capital could be realized through a consistent effort by Khandu and his Team Arunachal members who significantly reduced the relief and rehabilitation cost and also finalised the permanent site and convinced the Centre for sanctioning the dream project.
Microfinance Industry Posts 38% Growth in FY19: MFIN
Total number of micro-finance accounts stood at 9.33 crore as on March 31, 2019, registering a growth of 21.9 per cent over FY18, according to a report launched by Microfinance Institutions Networks (MFIN).
Australia’s Cotton On Enters India Through Myntra, Plans Offline Stores
AVS Global Network has managed to secure an exclusive contract with online retail platforms Flipkart, Myntra and Jabong to sell Cotton On products in India for the next year and a half.
GST Collection Crosses ₹ 1 Trillion for Third Straight Month in May
Indicating the stabilisation of the two-year-old indirect tax regime, the gross GST collection in May stood at Rs 1 trillion (Rs 1,00,289 crore) as against Rs 94,016 crore in May 2018, according to a release by the finance ministry on Saturday. It was, however, lower than the previous month’s all-time high mop-up of Rs 1.13 trillion.
India to Become 5th Largest Economy Globally This Year; 2nd in APAC Region by 2025
As India continues to ascend in the rankings of the world’s largest economies, its contribution to global GDP growth momentum will also increase. India will also play an increasingly important role as one of the Asia-Pacific region’s major economic growth engines, helping to drive Asian regional trade and investment flows.
More Money in Your Hands: India’s Per-Capita Income Rises by 10 Percent
The government institutions gauge the prosperity of the country with this indicator and this is a positive factor for the country. This news came at a time when the global economy is grappling with various issues like US-China trade disputes, Iran sanction, and volatile oil prices. This may give a much-needed boost to the domestic economy.
BEL to Supply Systems to Support Single Mobility Card
Government-run State Bank of India will be the lead bank in implementing this project, while all other nationalised banks too will have a role, he said, adding that all these initiatives are part of the National Common Mobility Card (NCMC) mission announced by the Centre.