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  • Digital India, Startup India: American firms asked to take advantage of PM Narendra Modi initiatives | The Financial Express
    India is sitting on the cusp of a digital revolution he said Whether it is big metropolitan cities or small towns a well connected India has the potential to not only usher in economic and welfare opportunities for its citizens but also the global economic order The Indian government is taking every policy decision in a transparent predictable and reasonable manner Prasad said encouraging American businesses to take advantage of the Digital India programme and the growth opportunities in India Prasad also outlined the progress that has already been made to implement Digital India programme and his priorities for the future Aghi said Prime Minister Modi s directive to connect Indians across the country is a tremendous opportunity for both Indian and US companies alike Noting that 85 percent of Indians still do not have access to the Internet he said the government could make it easier to obtain clearances to install cell phone towers IT infrastructure can be further expanded by lifting the ban on foreign satellite operators so they can provide spectrum in hard to reach areas Dan Gupta of UST Global commented on the economic growth that can be spurred by the Digital India initiative and adoption of key technologies across sectors By some estimations the Digital India initiative could help boost India s gross domestic product GDP by around 550 billion upping its GDP by 1 trillion by 2025 he said Sonny Khurana CEO of iTech praised the rapid strides in connectivity and the startup ecosystem under the current government First Published on February 6 2016 4 06 pm Tags Digital India Indian Economy Narendra Modi Startup India Startups Please Wait while comments are loading More on this story Need new work culture of completing projects before time Narendra Modi Working effectively with Barack Obama can advance India s interest US Balanced approach needed to predict future of startups Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A made in India Zika virus vaccine Sanam Teri Kasam collections at Rs 1 25 cr Valentine s Day booster shot missing New Mahindra cars at the Delhi Auto Expo 2016 From Real Madrid to Chelsea Know the

    Original URL path: http://www.financialexpress.com/article/economy/digital-india-startup-india-american-firms-asked-to-take-advantage-of-pm-narendra-modi-initiatives/208202/ (2016-02-07)
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  • Hong Kong eyes strengthening business ties with India | The Financial Express
    ties between the two places bringing mutual economic benefits Hong Kong Special Administration Region Chief Executive C Y Leung said in a statement Hong Kong and India will launch negotiations on an IPPA Leung added Many Indian companies have established offices in Hong Kong As of June 2015 there were 12 Indian companies with regional headquarters in Hong Kong 15 with regional and 37 with local offices The range of businesses include trading banking IT and logistics Leading Indian companies with operations in Hong Kong include Bank of India UCO Bank Jet Airways Infosys and Tata Group First Published on February 6 2016 3 25 pm Tags Hong Kong Infosys Tata Group Please Wait while comments are loading More on this story PM Narendra Modi hopes for better trade investment with Hong Kong Tata Consultancy Infosys Wipro join Barack Obama s computer science for all plan Infosys picks minority stake in US firm Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s

    Original URL path: http://www.financialexpress.com/article/economy/hong-kong-eyes-strengthening-business-ties-with-india/208192/ (2016-02-07)
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  • Nuke power boost gets a step closer | The Financial Express
    a uniform global legal regime for the compensation of victims in the event of a nuclear accident According to independent strategic analyst Ajey Lele As such we India had no problems to do business with Russia and France Now with this rectification the US route is also getting clear Rajeswari Pillai Rajagopalan senior fellow and head nuclear and space policy initiative Observer Research Foundation said India s ratification of the CSC in effect means we are bound by the international liability regime So even as there are differences between the Indian and the international liability regime the effort is to dilute the differences and convince the global suppliers that India is ready to do business without putting them in jeopardy on the liability front India s nuclear market is pegged at 150 billion Although many leading suppliers US based GE and Westinghouse and France s Areva apart from Russian firms are eyeing this huge market and even chalked out plans to build reactors in many locations in the country they have been wary of the potential liabilities under the CNLD New Delhi which has a plan to augment nuclear power capacity from 5 780 MW 3 of the country s total installed power capacity from all sources to 9 580 MW by 2019 and further to 14 600 MW by 2014 and 63 000 MW by 2032 It is envisioned that 25 of power production would be from nuclear sources by 2050 Ratifying the CSC is a step in the right direction towards unlocking the market potential for further nuclear development in India Jeff Benjamin senior vice president of new plants and major projects at Westinghouse told Bloomberg Westinghouse Electric expects to reach a deal with India by the end of this year to provide at least six nuclear reactors chief executive officer Daniel Roderick said in December France s Areva signed an accord in 2009 to build six 1 650 megawatt reactors at Jaitapur Maharashtra The CSC will take effect on May 4 and marks a conclusive step in the addressing of issues related to civil nuclear liability in India the external affairs ministry said in a statement after the document was handed to the International Atomic Energy Agency in Vienna First Published on February 6 2016 1 29 am Please Wait while comments are loading Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo

    Original URL path: http://www.financialexpress.com/article/economy/nuke-power-boost-gets-a-step-closer/208063/ (2016-02-07)
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  • Stand unmodified on GM mustard | The Financial Express
    the rising requirement of food There are other good alternatives of increasing our productivity like organic farming and using biotechnology for farming but at the same time the scientific methods are also important Javadekar said Delhi University has already submitted the bio safety data following field trials of GM mustard to GEAC According to industry body Association of Biotech Led Enterprises Agriculture Group GM mustard has the potential of increasing the yield by more than 25 which could reduce the country s import of edible oil The country s rapeseed mustard seed production was reported at 6 3 million tonnes in the 2014 15 crop year July June Meanwhile agriculture minister Radha Mohan Singh also supported research work in transgenic crops as per regulatory norms He said the government was willing to promote best technologies and scientific inputs from all available sources to achieve the goal of food security Genetic engineering is one tool to break the yield barrier in many crops The department of agriculture supports research on transgenic crops if it is conducted as per approved procedure and guidelines and various bio and environmental safety measures are followed and prescribed approvals from the GEAC the duly constituted authority in the environment ministry are obtained Singh said at the Biotechnology Summit here Former union health minister Anbumani Ramadoss and several farmer groups such as Bharatiya Kisan Union Bharatiya Kisan Sangh and the Right to Food Campaign have protested against allowing commercial cultivation of GM mustard Our government should not be imposing on its citizens unneeded unwanted and unsafe GMOs GM mustard is certainly one such GMO with serious adverse implications for various stakeholders said Kavitha Kuruganti of Alliance for Sustainable Holistic Agriculture an NGO First Published on February 6 2016 1 11 am Please Wait while comments are loading Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A made in India Zika virus vaccine Sanam Teri Kasam collections at Rs 1 25 cr Valentine s Day booster shot missing New Mahindra cars at the Delhi Auto Expo 2016 From Real Madrid to Chelsea Know the top 10 richest clubs Earthquake in Taiwan Magnitude 6 4 quake kills 14

    Original URL path: http://www.financialexpress.com/article/economy/stand-unmodified-on-gm-mustard/208060/ (2016-02-07)
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  • FinMin, RBI to bring policy to boost infra projects | The Financial Express
    provide equity and debt funding to projects in highways railways and energy among others The RBI has also offered support to the initiatives of the Centre as the country s current infrastructure does not match its growth ambitions We are open for regulatory changes as the situation demand as nothing is cast in stone We are sensitive to demand RBI deputy governor H R Khan said at the event Besides steps taken by the government such as liberalisation of FDI norms the RBI has announced several steps including the relaxation in external commercial borrowing ECB rules and liberalisation of lending norms by banks in the infrastructure sector Khan said the central bank could look at further fine tuning of the ECB norms to make it easier for firms to mobilise funds from global markets Speaking at the summit chief economic adviser Arvind Subramanian said the slump in price of commodities such as oil steel and cement presents India with an opportunity to build infrastructure at lower costs as well as to shore up public and private spending Although it is a challenging time it is a kind of positive shock for investing in infrastructure If oil steel cement are down the cost of building infrastructure comes down and returns to infrastructure goes up Subramanian said India s strong macroeconomic fundamentals increases its attractiveness he told investors Sinha outlined the variety of projects that are on offer for investors stalled projects greenfield projects and portfolios of cash generating developed projects that can be packaged together into relatively solid attractive yield generating portfolios The government is trying to rethink the whole manner of refinancing greenfield projects and trying to ensure that these projects get to cash flow as early as possible A number of funds like Apollo Blackstone and Edelweiss are looking at investing in some brownfield stalled projects Sinha added First Published on February 6 2016 1 07 am Please Wait while comments are loading Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A made in India Zika virus vaccine Sanam Teri Kasam collections at Rs 1 25 cr Valentine s Day booster shot missing New Mahindra cars at the

    Original URL path: http://www.financialexpress.com/article/economy/finmin-rbi-to-bring-policy-to-boost-infra-projects/208057/ (2016-02-07)
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  • Economy News:Economy News Today,Indian Economy News,World Economy News Today | - Page 2The Financial Express | Page 2
    5 2016 5 48 PM Seeking more private investment in ongoing infrastructure projects worth 100 150 billion the government today said project structure and regulations are being reviewed to offer investors attractive returns Narendra Modi I was not supposed to get the opportunity to inaugurate this Rs 10 000 crore project IANS February 5 2016 5 16 PM Prime Minister Narendra Modi on Friday inaugurated the Rs 10 000 crore gas cracker project at Lepetkata in Upper Assam s Dibrugarh district and slammed the earlier United Progressive Alliance UPA government for its inordinate delay Pawan Hans IPO likely next fiscal PTI February 5 2016 2 01 PM As part of its long term strategy Pawan Hans plans to expand into various areas including tourism medical emergencies and disaster management Slump in oil commodity prices to help India build infra CEA Arvind Subramaniam PTI February 5 2016 1 53 PM Speaking at the India Investment Summit here he said though India faces some headwinds from global slowdown the country continues to be heaven of macro stability Banks Reserve Bank square off over cash shortages Reuters February 5 2016 1 51 PM The talks which have yet to be scheduled come after Rajan unexpectedly said on Tuesday he would meet with bankers and was open to re examining the process he unveiled in 2013 of providing liquidity to banks mainly via term repos or cash provided as short term loans Foreign hand to aid Indian infrastructure upto 4 SWFs interested in NIIF stake Prasanta Sahu February 5 2016 1 28 PM In what could give a leg up to the country s efforts to find the elusive equity capital for its mammoth plans for infrastructure creation at least four global sovereign wealth funds including the Abu Dhabi Investment Authority ADIA Singapore s Temasek and Russian Direct Investment Fund have evinced interest in its National Infrastructure and Investment Fund Karnataka gets Rs 1 33 lakh crore investments in two days FE Bureau February 5 2016 1 25 AM Karnataka has managed to secure Rs 1 33 lakh crore of investments at the fourth edition of its Global Investors Meet GIM The government signed an expression of interest EoI with 121 investors in the last two days The state government had earlier expected to receive in excess of Rs 3 lakh crore investments Unable to meet coal requirement for Sasan UMPP Reliance Power tells high court FE Bureau February 5 2016 1 22 AM The Delhi HC was hearing Reliance Power s plea challenging the government s May decision that cancelled the allocation of the Chhatrasal coal block to its subsidiary Sasan Power Cairn can t export excess crude govt tells High Court FE Bureau February 5 2016 2 27 AM Oil explorer had moved court in Jan seeking directions to govt to permit export of crude oil from Barmer Ministry of Defence may cancel EoI for 7 5 bn vehicle project Huma Siddiqui February 5 2016 12 37 AM As many as 10

    Original URL path: http://www.financialexpress.com/section/economy/page/2/ (2016-02-07)
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  • Economy News:Economy News Today,Indian Economy News,World Economy News Today | - Page 3The Financial Express | Page 3
    laws like No capital gains tax for first time entrepreneurs ESOP holders lower interest rates for business loans and easy long term repayments of turn around companies Budget session from February 23 Union Budget 2016 17 on February 29 PTI February 4 2016 2 31 PM The Budget Session of Parliament will commence on February 23 that will focus largely on the financial business of the government which will present the general budget on Feb 29 Arun Jaitley woos sovereign funds to invest in infra railways PTI February 4 2016 1 50 PM Finance Minister Arun Jaitley on Thrusday met sovereign wealth funds from Singapore and the UAE and pitched a stable policy regime and resilience of Indian economy amid a global slowdown FM Arun Jaitley GST will become a reality soon PTI February 4 2016 4 44 PM Finance Minister Arun Jaitley today hoped that the opposition parties will see reason and the Goods and Services Tax GST which is held up in Rajya Sabha will become a reality soon Trans Pacific Partnership trade deal signed but years of negotiations still to come Reuters February 4 2016 12 24 PM The Trans Pacific Partnership one of the world s biggest multinational trade deals was signed by 12 member nations on Thursday in New Zealand but the massive trade pact will still require years of tough negotiations before it becomes a reality Budget 2016 Leverage Indian economic growth story in face global crisis FE Online February 4 2016 12 11 PM Budget 2016 is highly awaited where everyone is expecting policy level changes to promote growth Karnataka gets infra boost Centre to contribute Rs 1 lakh cr for road development PTI February 4 2016 4 51 PM For road development in Karnataka from our side we will contribute Rs 1 lakh crore in next two years he said at the three day long Global Investors Meet Invest Karnataka 2016 which was inaugurated here H 1B fee hike India toughens stand mulls taking US to WTO Banikinkar Pattanayak February 4 2016 1 19 AM India is weighing the possibility of taking the US to the dispute settlement body DSB of the World Trade Organisation WTO on the latter s recent discriminatory move to drastically hike the H 1B and L 1 visa charges To cut pilferage discoms cut workers salaries Sumit Jha February 4 2016 1 20 AM In what shows an unprecedented level of commitment on the part of the state electricity boards to revive their finances some of the heavily indebted ones among them have begun to penalise their employees for any laxity in implementing the Ujwal Discom Assurance Yojana UDAY Non power coal mines to be auctioned FE Bureau February 4 2016 12 58 AM The CCEA approval will not lead to termination of existing linkages as of now but there will be no renewal of existing FSAs FM Arun Jaitley Govt s overall debt liabilities on a declining trajectory FE Bureau February 4 2016 1 33 AM

    Original URL path: http://www.financialexpress.com/section/economy/page/3/ (2016-02-07)
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  • Economy News:Economy News Today,Indian Economy News,World Economy News Today | - Page 4The Financial Express | Page 4
    26 PM In order to tap non farebox avenues for revenue enhancement Indian Railways on Mondayappointed global professional services provider EY to undertake a six month study to tap the advertising potential of stations and trains It s not just the UPA s failure MGNREGA will be a permanent feature of Narendra Modi s tenure too Sunil Jain February 3 2016 7 10 PM Even at its peak MGNREGA created just 1 2 crore full time jobs based on 250 days of work per person per year or 2 3 of total employment though that s reasonable since it is an unemployment insurance not an employment scheme PPP committee clears infra projects worth Rs 9 672 cr PTI February 3 2016 5 55 PM These include 4 National Highway projects one each in the state of Maharashtra and Himachal Pradesh and two projects in the state of Uttar Pradesh and one port sector project in the state of Goa cleared by the PPPAC Cabinet approves formation of joint venture with states for Indian Railways projects PTI February 3 2016 4 56 PM With a view to ensure greater participation of states Union Cabinet today allowed the Indian Railways to form Joint Venture companies with state governments to mobilize resources for speedy implementation of rail projects India s economy on much higher stabler footing Arun Jaitley PTI February 3 2016 4 46 PM Amid global uncertainty Finance Minister Arun Jaitley today said it is important for India to emerge out of the crisis stronger as it is on a much higher and stabler footing than other nations Boost manufacturing sector Arun Jaitley urges Karnataka IANS February 3 2016 3 51 PM Lauding Karnataka for grooming first rate human resource in the country Union Finance Minister Arun Jaitley on Wednesday urged the state government to boost the manufacturing sector for fuelling its growth rate Coal linkages to cement steel sectors via auction Govt PTI February 3 2016 2 23 PM Allocation of coal linkages for the non regulated sector which includes steel and cement will be only through the auction route to ensure transparency government said today Service sector activity growth hits 19 mth high in Jan PMI PTI February 3 2016 11 41 AM The Nikkei Business Activity index climbed to a 19 month high of 54 3 last month from 53 6 in December pointing to a marked expansion of activity across the sector Service of double decker train to Jaipur partially restored PTI February 3 2016 3 30 AM With the improvement in foggy condition railways has decided to restore some trains including the double decker train to Jaipur which were cancelled earlier MGNREGA funds misused in Nagaland says Congress PTI February 3 2016 2 00 AM Alleging that MGNREGA funds were being misused in Nagaland state Congress president K Therie today asked the party workers to educate villagers on the number of days 1 2 3 4 5 6 7 8 9 10 11 12 13 14 405

    Original URL path: http://www.financialexpress.com/section/economy/page/4/ (2016-02-07)
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