Tag: India

India approves Rs 8,606 crore for border infrastructure, management

NEW DELHI: The government of India has approved Rs 8,606 crore for 60 projects being implemented under the umbrella scheme of Border Infrastructure and Management (BIM) to meet special development needs of people living in those areas, officials said on Wednesday. The projects are being implemented in 17 states having the international borders with Pakistan, […]

India-Pakistan trade potential stands at $ 37 billion: World Bank

ISLAMABAD: The trade potential between India and Pakistan stands at $37 billion, according to a World Bank report which said that continued political tensions and lack of normal trade relations between the two nations have cast a shadow over cooperation efforts within South Asia. The report ‘A Glass Half Full: The Promise of Regional Trade […]

India’s urban areas facing multi-pronged challenges in ensuring housing for all

NEW DELHI: India’s urban areas are facing multi-pronged challenges and a “complex ecosystem” in ensuring housing for all, Union minister Hardeep Singh Puri said on Tuesday. Speaking at Project Managers Global Summit 2018 on ‘Powering India’s Breakthrough Growth: New Dimensions in Project Management’ here Tuesday, Puri said meeting these challenges require efficient project management which […]

India may cut oil imports to mitigate pain from high oil prices, dip in Indian rupee

NEW DELHI: India, the world’s third-biggest oil importer, is considering cutting oil purchases to soften the blow from high crude oil prices and declining rupee, Indian Oil Corp (IOC) Chairman Sanjiv Singh said on Monday. State refiners are looking at optimising crude oil inventory levels without in any way affecting fuel supplies in the domestic […]

India signs air services agreement with Morocco

NEW DELHI: India and Morocco have signed the revised Air Services Agreement between the two countries enabling greater connectivity through a modernized agreement. The delegation of the two countries have met three times in the past years wherein they have worked towards liberalization of markets between the two countries and updating of the existing Air […]

Mastercard, Mahendra Singh Dhoni team up to accelerate digital payments in India

NEW DELHI: Cricketer Mahendra Singh Dhoni (MSD) has joined Mastercard’s ongoing efforts to build a Less-Cash India. Under this partnership, MSD, along with Mastercard will build awareness about digital payments through a Cash-to-Digital campaign. The campaign will aim to educate consumers and merchants about the convenience, wide acceptance, and safety and security features of debit […]

India signs S$ 74 million financing loan agreement with World Bank 

NEW DELHI: A Loan Agreement for IBRD Credit of US$74 million equivalent for the Uttrakhand Workforce Development Project (UKWDP) was signed with the World Bank here today. The Loan Agreement was signed by Sameer Kumar Khare, Additional Secretary, Department of Economic Affairs, Ministry of Finance, Government of India on behalf of the Government of India […]

India urges G-20 members to focus on services for enhancing global trade

NEW DELHI: India’s commerce and Industry Minister Suresh Prabhu led the Indian delegation for the G-20 Trade Ministers Meeting (TMM) held at Mar del Plata, Argentina on 14 September 2018. The G-20 TMM was represented by Ministers/Vice Ministers of G20 countries, 8 guest countries and 7 Heads/Deputy Heads of International Organisations such as WTO, ITC, […]

India modifies operational guidelines for Pradhan Mantri Fasal Bima Yojna

NEW DELHI: The Government of India has decided to incorporate the provision of penalties for States and Insurance Companies for the delay in settlement of insurance claims under the Pradhan Mantri Fasal BimaYojana (PMFBY). This crucial provision is part of the new operational guidelines issued by the Govt for the implementation of PMFBY.The farmers will […]

India again extends deadline to impose high import duties on 29 USA products till November 2

NEW DELHI: The government of India , for the second time, has extended the deadline for the imposition of higher customs duties on 29 products, including almond, walnut and pulses, imported from theUnited States of America (USA), till November 2. In June, India decided to impose retaliatory tariffs from August 4. But it was extended […]

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