Foreign direct investment (FDI) into India increased by 37% to USD 43.85 billion during April-November 2020, according to data by the commerce and industry ministry. Total FDI inflows (including reinvested earnings) during the eight-month period of the current fiscal grew by 22% to USD 58.37 billion, the ministry said.
In a bid to facilitate easy availability of rakes, Piyush Goyal chaired Railway Ministry has launched Premium Indent Policy. According to the Railway Board, regarding rules for the registration of indent, allotment, and supply of wagons, one can refer to Chapter-II of Goods Traffic.
India’s gross domestic product (GDP) is expected to contract by 8% in 2020-21, according to the latest round of FICCI’s Economic Outlook Survey. The annual median growth forecast by the industry body is based on responses from leading economists representing industry, banking and financial services sector.
India’s economy is expected to bounce back strongly in the next fiscal year with 11.5% growth, the International Monetary Fund (IMF) said, forecasting a sharp global recovery in 2021 after the havoc wrought by the pandemic.
Union Minister Dharmendra Pradhan said that the coastal highway project worth Rs 7,500 that will link Gopalpur in Odisha and Digha in West Bengal will boost infrastructure and economy of Odisha. The minister said that the 452-km long highway will emerge as an economic corridor for the transport of agricultural and pisciculture produce to Paradip and Dhamra ports.
Coal India-arm Northern Coalfields Ltd has said that it will easily achieve and surpass the production target of 113.25 million tonnes (MT) for the current fiscal. Presently, NCL contributes about 15% to the domestic coal production which is equivalent to more than 10% of power generation of the country.