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India to be Fastest Growing G-20 Economy; Bureaucracy Could Hamper FDI Attraction: Moody’s

Moody’s Investors Service has reported that India will be the fastest-growing G-20 economy over the next few years, with expansion of manufacturing and infrastructure sectors. However, reform and policy barriers could hamper investment. In a research report, the US-based agency has also warned that bureaucracy could slow processes in obtaining approvals.

Cabinet Approves Production Linked Incentive Scheme – 2.0 for IT Hardware

Building on the success of the Production Linked Incentive scheme (PLI) for mobile phones, the Union Cabinet, chaired by the Prime Minister Narendra Modi, approved the Production Linked Incentive Scheme 2.0 for IT Hardware with a budgetary outlay Rs. 17,000 crore, more than double the budget for the scheme first cleared in 2021.

India’s Overall Exports in April 2023 Estimated at US$ 65.02 billion; Positive Growth of 2 Percent

According to data released by the Ministry of Commerce, India’s overall exports (merchandise and services combined) in April 2023 is estimated to be USD 65.02 billion, exhibiting a positive growth of 2.00 per cent over April 2022

Ministry of Power & Ministry of Environment, Forests & Climate Change to develop Carbon Credit Trading Scheme for Decarbonisation

The government plans to develop the Indian Carbon Market (ICM) where a national framework will be established with an objective to decarbonise the Indian economy by pricing greenhouse gas (GHG) emission through trading of the Carbon Credit Certificates.

20% Growth in India-UAE Bilateral Trade Since CEPA Came into Force: DPIIT

Since the entry into force of the Comprehensive Economic Partnership Agreement (CEPA), bilateral trade between India and UAE has witnessed tremendous growth of 20% when

Indian Origin Ajay Banga Selected 14th President of the World Bank

The Executive Directors of the World Bank selected Ajay Banga as President of the World Bank for a five-year term beginning June 2, 2023.

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