According to the Economic survey,the virtuous cycle of savings, investment and exports supported by a favorable demographic phase is required for sustainable growth. The survey says that In order to trigger this virtuous cycle,we have to rely on some of FDI.They can come in and start investment and once this happens,that will enhance productivity which… Continue reading FDI needed to spur the virtuous cycle in India
Author: ForumIAS
Govt. can sell PSU land, reduce majority stake to boost non-tax revenue: CEA
The Chief Economic Adviser(CEA)has said that government can sell land held by PSUs and potentially reduce its majority stake in some companies to make up for the significant shortfall in tax revenues. According to the figures in the Economic Survey 2019,the government is expected to receive as much as ₹1.6 lakh crore less than what… Continue reading Govt. can sell PSU land, reduce majority stake to boost non-tax revenue: CEA
Longest electrified railway tunnel in India commissioned
South Central Railway(SCR) has commissioned the longest electrified tunnel in Indian Railways in the state of Andhra Pradesh. The electrified tunnel is situated between Cherlopalli and Rapuru stations and is part of the railway line between Obulavaripalli– Venkatachalam – Krishnapatnam Port. It is constructed in the shape of ‘Horse Shoe’ on New Australian Tunnelling Method.… Continue reading Longest electrified railway tunnel in India commissioned
Cabinet approves MoU between India and Maldives for Shipping
The Union Cabinet has given approval for the MoU between India and Maldives for the establishment of passenger and cargo services by sea, which was signed during the visit of Prime Minister of India to Maldives. The MoU will pave way for ferry services between Maldives and Kerala by Connecting Kochi with Male & Kulhudhuffushi… Continue reading Cabinet approves MoU between India and Maldives for Shipping
World’s most powerful passports revealed: Know where India ranks
The Henley Passport Index 2019 has been recently released. The index has ranked India at 86th position.India’s mobility score is 58 which means that Indian passport holders can access 58 countries around the world without a prior visa. As per the Index,Japan and Singapore have the world’s most powerful passports.Both the countries secured top position… Continue reading World’s most powerful passports revealed: Know where India ranks
China takes lead in BCIM with ₹2L cr offer to Bangladesh
Bangladesh Prime Minister is on a visit to China.During the visit,nine agreements were signed in different sectors ranging from aid for the Rohingyas and economic and technical cooperation, investment, power,culture and tourism. Bangladesh PM has obtained rice aid for the Rohingya refugee crisis.China will provide 2,500 tonnes of rice for Rohingyas living in Bangladesh after… Continue reading China takes lead in BCIM with ₹2L cr offer to Bangladesh
US drags India to WTO over duty hike on 28 American goods
The US has dragged India to the World Trade Organization(WTO) for according less favorable treatment to its products. India had levied higher tariffs on American products in response to the US imposing a global additional tariff of 25% and 10% on import of steel and aluminium product respectively. The US has said that the additional… Continue reading US drags India to WTO over duty hike on 28 American goods
Govt attempts fresh focus on FTAs, talks with U.S., EU and ASEAN negotiators next week
Indian Government will engage in three sets of important trade talks with the European Union (EU), the United States and ASEAN (Association of Southeast Asian Nations). The talks will focus on resolving its pending talks on trade and dispelling criticism that India has been protectionist and held up Free Trade Agreement(FTA) negotiations. The chief negotiator… Continue reading Govt attempts fresh focus on FTAs, talks with U.S., EU and ASEAN negotiators next week
India to host 3rd global sunflower seed meet on July 19
India will be hosting the 3rd International Sunflower Seed and Oil Conference(ISSOC) 2019 on July 19 and 20 in Mumbai. It is organized by the International Sunflower Oil Association (ISOA and will be hosted by the Solvent Extractors’ Association of India (SEA). International Sunflower Oil Association (ISOA) was established in 2015 in Rome by National… Continue reading India to host 3rd global sunflower seed meet on July 19
Union Budget 2019-2020 presented
The Finance Minister today presented the Union Budget 2019-2020 in the parliament. The Union Budget of a year, also referred to as annual financial statement, is a statement of the estimated receipts and expenditure of the government for that particular year. Find below the link for Union Budget 2019-2020. Budget Highlights (Key Features)- https://www.indiabudget.gov.in/bh.php Budget… Continue reading Union Budget 2019-2020 presented
