India receives FDI inflows worth $40b during April-September period
17 Dec 2020 FDI policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into India. While inviting the participation of foreign investors into India’s economy, Union Minister Piyush Goyal on Tuesday said during April-September period, the country received FDI inflows worth $40 billion.
Addressing the inaugural session of CII’s Partnership Summit 2020, through virtual means, Minister of Railways, Commerce & Industry, Consumer Affairs and Food & Public Distribution Goyal invited foreign investors to be a part of India’s growth story.
The Minister said continuing on an open path, India has been systematically opening up new sectors of the economy. He said that FDI (Foreign Direct Investment) flows in India have been continuously growing.
Updated Dec 17, 2020 | 10:54 IST
Finance Minister Nirmala Sitharaman said the total monetary and fiscal support provided to the economy in its battle against COVID-19 comes to Rs 29,87,641 crore, roughly 15% of the country s GDP. Representational image
Key Highlights
The year 2020 was an unprecendated year when it comes to the government s response to revive the COVID-hit economy.
The Modi Govt announced packages worth nearly Rs 30 lakh crore, nearly 15% of India s GDP, to revive the economy.
As part of the Rs 1.70 lakh crore Pradhan Mantri Garib Kalyan Package, Centre gave free food grains and cash payment to women and poor, senior citizens and farmers.
Centre s new farm laws are bold steps that can bring about structural change in Indian agriculture The present system of agricultural procurement has outlived its utility, is inequitable, and lacks dynamism Manas Chakravarty December 16, 2020 15:53:47 IST Representational image. Reuters
The problem with Indian agriculture, put succinctly, is simply this: it is, for most farmers, an unviable business. A National Sample Survey Office (NSSO) report that mapped the income, expenditure and indebtedness of agricultural households in India in 2013 found that farmers with holdings of a hectare or less were able to get only half their total net income from farming and they had to supplement their income by wage labour, animal husbandry and other non-farm work to keep body and soul together. Even then, their total income from all sources, including net receipts from
PLI scheme to make India global manufacturing hub: Anurag Thakur
Last month, the Cabinet approved the PLI scheme for 10 key sectors, including telecom, automobiles and pharmaceuticals to give an impetus to the manufacturing industry
PTI | December 16, 2020 | Updated 09:04 IST
Union Minister Anurag Singh Thakur
The host of financial and digital reforms undertaken by the government along with the enhanced coverage of the Production Linked Incentive (PLI) scheme have the potential to catapult India as a global manufacturing hub and generate many jobs, Union Minister Anurag Singh Thakur said on Tuesday.
Last month, the Cabinet approved the PLI scheme for 10 key sectors, including telecom, automobiles and pharmaceuticals to give an impetus to the manufacturing industry. The scheme would entail an expenditure of about Rs 2 lakh crore and is expected to attract substantial capital inflows.
The host of financial and digital reforms undertaken by the government along with the enhanced coverage of the Production Linked Incentive (PLI) scheme have the potential to catapult India as a global manufacturing hub and generate many jobs, Union Minister Anurag Singh Thakur said on Tuesday. Last month, the Cabinet approved the PLI scheme for 10 key sectors, including telecom, automobiles and pharmaceuticals to give an impetus to the manufacturing industry. The scheme would entail an expenditure of about Rs 2 lakh crore and is expected to attract substantial capital inflows. The PLI scheme is something I truly believe that will transform the manufacturing sector.every single sector chosen under the PLI has the opportunity to become a game-changer and have a multiplier impact on the Indian economy, the minister of state for finance said at a virtual conference organised by CII.