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Category Archives: Banking & Finance

MSMEs get 2% increase from FTP review

Minister stresses on quality standards The Mid-Tem Review of Foreign Trade Policy (FTP) 2015-2020 has increased Annual Incentives by 2 percent amounting to over Rs.8,000 crore for labour intensive micro, small and medium enterprise (MSME) sectors. Releasing the report, Commerce and Industry Minister Suresh Prabhu

India-Africa trade to cross US$100bn

Africa offers opportunities for MSMEs The bilateral trade between India and Africa will cross US$100 billion in next two years owing to improvement in business environment in the country together with better infrastructure and connectivity across African continent, Union Minister Mukhtar Abbas Naqvi said at

Govt plans goods and services promotion globally

Market specific business plan being prepared These export plans should come with rebates just like China which gives incentives to the country’s exporters of value added products. Editor. The Ministry of Commerce and Industry is in the process of preparing a proper business plan based

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FICCI signs MoU on health technology program

Partnership formed with Uni of Texas The Federation of Indian Chambers of Commerce and Industry (FICCI) has signed a MOU with Indian Council of Medical Research (ICMR) for Health Technology Accelerated Commercialization (H:TAC) Program.

Eco corridors and logistics parks in planning

Progressing Bharatmala and Sagarmala projects Forty-four Economic Corridors and 24 Multi Modal Logistics Parks are being planned on the hub and spoke model to facilitate efficient movement of freight along routes of economic importance, Minister Nitin Gadkari has said.

Target for 50th ranking in World Bank grading, Chaudhary

Minister calls for zero defect-zero effect policy Streamline taxes, implement incentives and create healthy competition among states to attract domestic and global investors for India to break into top 50 in the World Bank’s Ease of Doing Business Rankings.