Chief Economic Advisor (CEA) KV Subramanian on Friday said the evidence of measures to boost investment was actually seen in the record FDI inflows with US dollar 35 billion in the first half of 2019-20 as against US dollar 32 billion during the last corresponding period.
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Chief Economic Advisor (CEA) KV Subramanian on Friday said the evidence of measures to boost investment was actually seen in the record FDI inflows with US dollar 35 billion in the first half of 2019-20 as against US dollar 32 billion during the last corresponding period.
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Watch Evidence of measures to boost investment reflects in record FDI inflow of $35 billion: CEA With HD Quality
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In the last five years, India has seen FDI inflow of $286 billion.
This is half of the total FDI flow India has seen in the last 20 years: PM Modi
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Chief Economic Advisor Krishnamurthy Subramanian on Friday said the government is focusing on increasing consumption to boost economic growth. Presenting steps taken by the government in the past few months to pull the economy out from a six-year low growth, he said the measures include corporate tax cuts to improve risk-return of companies.
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Government on Monday (June 20) relaxed Foreign Direct Investment (FDI) norms in a host of sectors including civil aviation, single-brand retail, defence and pharma by permitting more investments under automatic route.
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New Delhi, Mar 28 (ANI): Seeking to strengthen bilateral ties between New Delhi and Brussels, Prime Minister Narendra Modi will visit Belgium during the first leg of his three-nation visit. Divulging details, Joint Secretary K. Nandini Singla said that the visit will improve port logistics, give a boost to infrastructure and enhance growth of pharmaceutical and chemical sectors. Singla added that PM Modi will address Indian diamond traders to enhance the diamond trade between the two countries.
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In a bid to address slowdown in the auto sector, the government on Friday announced a slew of measures including lifting ban on purchase of vehicles by government departments, and allowing additional 15 per cent depreciation on vehicles acquired from now till March 2020.Also, BS-IV vehicles purchased up to March 2020 will remain operational for the entire period of registration, Finance Minister Nirmala Sitharaman said.The Centre will lift the ban on purchase of new vehicles for replacing all old vehicles by government departments, and consider various measures including scrappage policy to boost demand, she said.
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Finance Minister Nirmala Sitharaman today said the government will announce more measures to boost economy in the coming weeks. According to some reports, the next package may be announced for the realty sector which has been hit hardest due to current slowdown and credit crunch due to NBFC issues.
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Finance Minister Nirmala Sitharaman Saturday introduced RoDTEP - Remission Of Duties for Export Products - to replace the existing Merchandise Export From India (MEIS). Revenue foregone as a result of RoDTEP implementation would be Rs 50,000 crore, she said. Sitharaman also announced interest equalisation for MSMEs to 5 per cent from 3 per cent. She said for small procedural defaults, small tax payers would not be prosecuted. The minister added that all communications with assesses will be through technology or complete faceless dealings. Listen-in. (Text: IANS)
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