Economy

New Delhi: Text of Statement To Media By The Prime Minister of India, Shri Narendra Modi, during the visit of President of Sri Lanka, Shri Maithripala Sirisena, to India: It is a great pleasure and privilege to welcome President Maithripala Sirisena and Mrs. Sirisena to India. We are honoured that …

New Delhi: The Prime Minister, Shri Narendra Modi, and former Mayor of New York City, Mr. Michael Bloomberg, today announced a partnership between Bloomberg Philanthropies and the Ministry of Urban Development, Government of India, to advance the “Smart Cities Initiative.” The Smart Cities Initiative is a historic effort to promote …

New Delhi: The Prime Minister of India, Shri Narendra Modi, today described India`s thrust towards renewable energy production as an effort to ensure universal energy access for India`s poor. He was speaking at the inauguration of RE-INVEST 2015, India`s first Renewable Energy Global Investors` Meet and Expo, in New Delhi. …

Mumbai: The Prime Minister of India, Shri Narendra Modi, today said the Government had identified about 1700 obsolete laws, and is working towards their repeal. In his address at the concluding Sesquicentennial Function of the Advocates Association of Western India (AAWI) in Mumbai, the Prime Minister said the world is …

New Delhi: The 7th round of India Kenya Joint Trade Committee meeting was held in New Delhi today. The Indian side was led by the Minister of State for Commerce & Industry (Independent Charge), Smt. Nirmala Sitharaman and Amb. Amina C. Mohamed, Cabinet Secretary, Ministry of Foreign Affairs & International …

New Delhi: The Finance Minister of India Shri Arun Jaitley and U.S. Secretary of the Treasury Mr Jacob J. Lew met here today for the Fifth Annual India-U.S. Economic and Financial Partnership. Reserve Bank of India Governor Shri Raghuram Rajan and U.S. Federal Reserve Board Vice Chairman Mr. Stanley Fischer …

New Delhi: “Indian Mining Sector is open for business”, mentioned Shri Narendra Singh Tomar, Union Minister of Steel & Mines, while addressing the India Day session at the Mining Indaba, South Africa on11.2.15. He highlighted the changes in the new legislation brought in by Indian government, where all mining concessions …

New Delhi: The President of India, Shri Pranab Mukherjee opened the 46th Conference of Governors at Rashtrapati Bhavan in New Delhi. The Conference is being attended by Twenty-one Governors and two Lt. Governors. Dignitaries participating in the Conference included the Prime Minister; Union Ministers of Home Affairs, External Affairs, Finance, …

Mumbai: The Board of Directors of Grasim Industries Limited (“Grasim”) has approved the proposed merger of Aditya Birla Chemicals (India) Limited (“ABCIL”), an Aditya Birla Group company, with Grasim. The swap ratio approved by the Board is 1 (one) share of Rs. 10 each of Grasim for every 16 (sixteen) …

Cairo / Oragadam: Daimler India Commercial Vehicle Pvt. Ltd. (DICV), a wholly owned subsidiary of Daimler AG, Germany, has started to export bus chassis from India. Hartmut Schick, Head of Daimler Buses, and Markus Villinger, Head of Daimler Buses India, were present at the Egyptian capital of Cairo to celebrate …