Northeastern Development Finance Corporation Sanctions Over ₹750 Crores for 5,300 Northeast Projects The Northeastern Development Finance Corporation (NEDFi) has emerged as a significant catalyst for the development of the Northeast region. Recently, it made headlines by sanctioning a substantial sum, exceeding ₹750 crores, dedicated to over 5,300 developmental projects across the Northeastern states. This funding…
RBI Approves ICICI Pru Mutual Funds’ Acquisition of Stakes in Federal Bank, RBL Bank, and Equitas Small Finance Bank The Reserve Bank of India (RBI) has recently granted approval to ICICI Prudential Mutual Fund’s proposal for acquiring stakes in Federal Bank, RBL Bank, and Equitas Small Finance Bank. This significant move within the banking and…
Disinvestment Set to Miss FY24 Target, Raises Over Rs 4 Trillion in a Decade The Indian government’s disinvestment process has been a key fiscal strategy, aiming to generate revenue and boost economic growth. However, recent reports suggest that the disinvestment target for the fiscal year 2023-24 might not be met, despite an accumulation of over…
India’s Net FDI Hits 21-Month High at $5.9 Billion in October 2023 The inflow of Foreign Direct Investment (FDI) into India surged to a remarkable 21-month high, reaching $5.9 billion in October 2023, showcasing an encouraging trend for the country’s economic growth. This surge signifies a significant rebound in investor confidence and interest in the…
Tamil Nadu Retains Achiever Status in Logistics Infrastructure Rankings of States Tamil Nadu continues to carve its niche in the realm of logistics infrastructure, maintaining its prestigious position as an achiever in the recent rankings among states. With a robust and well-developed logistical network, the state has once again affirmed its stature in the country’s…
Robust Fiscal Management: Centre and States Maintain Sub-7% GDP Fiscal Deficit Fiscal management remains a critical factor in sustaining a stable economic environment, especially amidst global uncertainties. Recent reports reveal a commendable feat by both the Centre and various states in maintaining a fiscal deficit below 7% of the Gross Domestic Product (GDP). This development…
Longest Bridge in India Boosts Connectivity and Infrastructure Development India has achieved a monumental milestone in its infrastructure development with the inauguration of the country’s longest bridge. This engineering marvel spans across the river, connecting regions and promising significant advancements in connectivity and economic growth. Importance of the News The unveiling of the longest bridge…
PM Modi to Inaugurate Eastern Dedicated Freight Corridor Prime Minister Narendra Modi is set to inaugurate the Eastern Dedicated Freight Corridor (EDFC), marking a significant stride in India’s infrastructure development. The EDFC, a mammoth project aimed at revolutionizing the country’s freight transportation, spans approximately 1,800 kilometers from Punjab to West Bengal. The inauguration ceremony is…
Tamil Nadu’s FDI Landscape: With $10 Billion in 4 Years, Ranks Fourth Tamil Nadu has emerged as a pivotal hub for Foreign Direct Investment (FDI) in India, showcasing a remarkable surge in economic growth and investor confidence. Over the past four years, the state has witnessed an impressive influx of $10 billion in FDI, elevating…
India and Oman Fast Track Free Trade Agreement Negotiations in Boost to Economic Ties India and Oman have recently fast-tracked negotiations aimed at establishing a Free Trade Agreement (FTA), solidifying their economic relations and fostering mutually beneficial trade dynamics. This step marks a pivotal moment in the bilateral ties between the two nations, leveraging the…
