India will attract $475 billion investment in five years – CII-EY report

India will attract $475 billion investment in five years – CII-EY report

New Delhi: – India could attract foreign direct investment of about $475 billion over the next five years, according to a report released by CII (Confederation of Indian Industry) and EY. Even with this backdrop of ongoing geopolitical tensions, FDI in India has not been particularly affected. India’s huge consumer power, reforms undertaken by the […]

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Financial Year 2021-22 records highest Foreign Direct Investment in India

Financial Year 2021-22 records highest Foreign Direct Investment in India

New Delhi: International investors have shown confidence in India despite the dramatic increase in instability and uncertainty due to Coronavirus Pandemic and geopolitical developments. Therefore, in the financial year 2021-22, India recorded a record investment of $83.57 billion. The Ministry of Commerce and Industry announced this. According to the Ministry of Commerce and Industry, foreign […]

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‘Global Reset’ would create huge opportunities in India; Indian Finance Minister appeals to international investors and businesses

‘Global Reset’ would create huge opportunities in India; Indian Finance Minister appeals to international investors and businesses

New York – Production in China, considered the world’s factory, has slowed down due to corona pandemic, power shortages and other serious problems. This has led countries worldwide, which depend on China for products and raw materials, to feel the need for a ‘Global Reset’. This means the creation of a new centre of global […]

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No plans of printing additional currency notes to avoid economic crisis, affirms Union Finance Minister Nirmala Sitharaman

No plans of printing additional currency notes to avoid economic crisis, affirms Union Finance Minister Nirmala Sitharaman

New Delhi – The government has no plans to print more currency notes to alleviate the financial crisis caused by the Coronavirus, Finance Minister Nirmala Sitharaman said. The finance minister made this revelation while answering a question in the Lok Sabha. Stating that the fundamentals of the Indian economy are powerful, Finance Minister Sitharaman assured […]

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German Health Minister underscores necessity for ‘global reset’ to fight future pandemics

German Health Minister underscores necessity for ‘global reset’ to fight future pandemics

Berlin/Washington: German Health Minister Jens Spahn appealed during a meeting of the World Health Organisation (WHO) Wednesday that “the world is still insufficiently prepared for future epidemics and the risks they pose. Therefore, its structure needs to be rebuilt.” As part of the WHO initiative, a new global hub will be set up in Germany for research […]

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Foreign investors showing faith in Indian economy: Finance Minister Nirmala Sitharaman

Foreign investors showing faith in Indian economy: Finance Minister Nirmala Sitharaman

New Delhi: Union Finance Minister Nirmala Sitharaman said ‘Foreign investors are showing faith in the Indian economy. That is the reason for the Direct Foreign Investment of $20 billion even during the Coronavirus Crisis.’ Union Finance Minister Nirmala Sitharaman also said ‘The Indian government is committed to making the necessary economic reforms to attract foreign […]

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We aim for ‘Make for World’ along with ‘Make in India’: Defence Minister Rajnath Singh

We aim for ‘Make for World’ along with ‘Make in India’: Defence Minister Rajnath Singh

New Delhi: Prime Minister Modi said ‘Since the last many years, India is known as the biggest importer in the defence sector. We are making efforts to erase this identity and to become ‘Atmanirbhar’ in the sector and the steps have been initiated in that direction.’ The ‘Atmanirbhar Bharat Defence Industry Outreach Webinar’ had been […]

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India to ban import of 101 defence equipment, announces Defence Minister  

India to ban import of 101 defence equipment, announces Defence Minister  

New Delhi: – Import of 101 items in the defence equipment list from rifles to artillery guns will be banned. Defence Minister Rajnath Singh announced that a decision has been taken to manufacture these items indigenously and become ‘Atmanirbhar’ (Self Reliant).    Atmanirbhar campaign has been started even in the defence sector. Accordingly, the defence ministry has […]

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