The Home Ministry of India has allowed foreign businessmen, engineers and healthcare professionals to enter the country on the condition of that they will get their visas re-validated and fly into the country in chartered flights, a government statement on Wednesday said. The home ministry order is seen as the first, cautious step to allow foreigners to enter in the country, particularly in context of the government’s efforts to restart the economy again. The home ministry order covered four broad categories of foreigners who can enter the country in non-scheduled…
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Business
PM’s First Major Address On Economy After Unlock1 !!!!
New Delhi: Prime Minister Narendra Modi addressed the annual session of the top industrial body – the Confederation of the Indian Industry – this morning, his first major speech on multiple aspects relating to the economy since the government announced a phased plan to reopen India after two months of lockdown to tackle Covid-19. In his speech, PM Modi stressed on five “I”s. “To bring India back on track for fast-paced growth, five things are very important: Intent, Inclusion, Investment, Infrastructure, Innovation,” he said. “The need of the hour is that more and more…
Read MoreSensex Jumps Over 550 Points, Nifty Touches at 10,150 Amid Gains Across Sectors!!
Domestic stock markets started Wednesday’s session on a positive note, with the benchmark Nifty 50 index opening above the key 10,000 mark, extending gains to the sixth session in a row. The S&P BSE Sensex index climbed up as much as 1.77 % – or 597.18 points – to 34,422.71 in the first few minutes of trade, after opening up 359.88 points at 34,185.41. The broader Nifty index spiked to high as 10,159.35, up 180.25 points from the previous close, having started the day at 10,108.30. Gains across sectors – led…
Read MoreGovernment Launches Rs 50,000 Crore Plan To Boost Electronics Manufacturing!!
Government launched Rs 50,000 crore plan on Tuesday to boost electronics manufacturing in the country, saying it would be start by offering 5-global smartphone makers incentives to establish or expand domestic production in India. The government is offering a Production-Linked Incentive (PLI) involving cash worth 4% to 6% of additional sales of goods made locally over five years, with 2019-2020 as the base year, Union Minister Ravi Shankar Prasad told in a news conference. Names of the top five companies, which would have to meet investment and sales thresholds to be…
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