Macro & Economy

Connectivity bridges urban rural divide; Roads key to national development: Vice President

four-laning of Adhelai - Nari section of NH-751, in Bhavnagar, Gujarat

Vice President of India, M. Venkaiah Naidu has said that road connectivity is key to national development and added the connectivity has the potential to bring a positive change in lives of people living in remote corners of rural India. He was addressing the gathering during the foundation stone laying ceremony of four-laning of Adhelai – Nari section of NH-751, ...

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India’s National Policy on Biofuels-2018 to give big fillip to Bio-fuels by 2030; Modi to inaugurate World Bio-fuel day 2018 celebration at Vigyan Bhawan

World Biofuel Day 2018” at Vigyan Bhawan

World Biofuel Day is observed every year on 10th August to create awareness about the importance of non-fossil fuels as an alternative to conventional fossil fuels and to highlight the various efforts made by the Government in the biofuel sector.  The World Biofuel Day is being observed by the Ministry of Petroleum & Natural Gas for the last three years. ...

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NITI Aayog to join hands with CII to develop a Roadmap for Top 10 Rank in GII

NITI Aayog to join hands with CII

Government and industry must synergise their efforts to promote R&D and innovation in the country. This was stated by Ratan P Watal, Principal Adviser, NITI Aayog & Member Secretary of the Economic Advisory Council to the Prime Minister at the India launch of Global Innovation Index 2018 in New Delhi on Wednesday 8th August 2018. The event was organised by the ...

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Government E-Marketplace (Gem) grosses over Rs. 10,000 crore in GMV through more than 6.16 lakh Transactions; celebrates its second anniversary as part of Digital India revolution 

Government e-Marketplace (GeM)

Government e-Marketplace (GeM),the National Public Procurement Portal, will turn 2 years old on 9 August 2018. It was launched on 9thAugust 2016, with the objective of creating an open, transparent and efficient procurement platform for government. GeM is an end-to-end, one stop online marketplace for Central and State Government Ministries and  Departments, Central & State Public Sector Undertakings (CPSUs & SPSUs), ...

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India poised to become a global hub for manufacturing of footwear: Prabhu

4th edition of India International Footwear Fair 2018

Indian footwear Industry has a huge potential for export and employment generation said Union Minister of Commerce & Industry and Civil Aviation- Suresh Prabhu. He was speaking at the inaugural programme of the 4th India International Footwear Fair 2018 (IIFF) at PragatiMaidan in New Delhi on 2 August 2018. India will soon become a global hub for manufacturing of footwear to ...

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Small farmers key to PM Modi’s vision of Doubling Farmers Income by 2022

Parliamentary Consultative Committee of the Ministry of Agriculture and Farmers’ Welfare Meet

Scientifically designed and tailor-made Integrated Farming Systems (IFS) is being promoted to achieve the vision of Prime Minister Narendra Modi of “Doubling Farmers’ Income by 2022”. This was stated by the Union Minister of Agriculture and Farmers’ Welfare Radha Mohan Singh on 2 August 2018 at the in-session meeting to discuss Integrated Farming Systems (IFS) for livelihood security and enhanced income of ...

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NITI Aayog’s MoveHack- a global mobility hackathon to crowd source solutions for future of mobility in India


Transportation and mobility are emerging as potential drivers of innovation and economic growth of the 21st century. Rapidly evolving technologies and business models for delivering mobility services have dramatic potential to transform the global transportation sector. Mobility that ranges from pedestrian and personal transport to public transit and freight movement is extremely critical and impacts rural and urban daily lives. ...

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‘Digital payments set to become a trillion-dollar market in India by 2023’

Government e-Marketplace (GeM)

The digital payments market in India is expected to grow to US $ 1 trillion by 2023 led by growth in mobile payments, presenting huge business opportunities for players in the digital space. Mobile payments are slated to rise from $ 10 billion in 2017-18 to $ 190 billion by 2023. These estimates are based on a study of Credit ...

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Investment in Logistics to Touch USD 500 Billion p.a. by 2025; Logistics Division to prepare a plan on skill and bring together industry, academia, governments : Suresh Prabhu

MoU logistics Commerce and IIFT

Expenditure on investment in logistics, including infrastructure, will touch USD 500 billion, annually, by 2025, said Union Minister of Commerce and Industry in New Delhi on 30 July 2018. He further said that this will create millions of jobs and also do away with the hurdles hampering India’s internal and global trade. India is now being looked upon as one ...

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One Month Extension of Due Date for filing of Income Tax Returns for AY2018-19; India set to post record gains on direct tax collection?

Income Tax Returns for Assessment Year 2018-19

Amid wide publicity to the late fee applicable on filling of income tax return, welcome respite has come from the Ministry of Finance in terms of extension of  deadline to file the income tax return. Mostly its seen that the decision to extend such deadline is taken on the very last day and the period its extended is mostly a ...

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InnovateIndia Platform to hone grassroots and deep-tech innovators on pan India basis

Innovate India

R Ramanan, Mission Director, Atal Innovation Mission and Arvind Gupta CEO, MyGov 25 July 2018 launched the “InnovateIndia Platform”, a collaboration between the Atal Innovation Mission and MyGov, a citizen centric platform of the Government of India. The InnovateIndia portal will serve as the common point for all the innovation happening across the nation. Launching the platform, Mission Director, Atal Innovation ...

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NITI Aayog- DPE encourage CPSE’s to drive CSR initiatives on health, nutrition and education initiatives @ Aspirational Districts

CSR in India by CPSE's

Corporate Social Responsibility is one such arena that is fast getting formalised post the amendment in the Indian Companies Act  and can surely go a long way to help India fasten pace of inclusive growth and economic development. Herein, conference on Exploring CSR funds for Aspirational Districts pitched into make a transformative arch. The conference was jointly organised by NITI Aayog and Department of Public Enterprises (DPE) 24 ...

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