Kolkata/IBNS: The Ministry of Road Transport and Highways (MoRTH) will raise one lakh crore by monetising highways under the TOT model through NHI, Union Minister Nitin Gadkari said at an ASSOCHAM event.
Bengaluru/UNI: Vahan, a jobs & livelihood platform for blue-collar workers, has raised USD 8 million in its series A round of funding led by Silicon Valley investor Khosla Ventures.
Kolkata/IBNS: The 450 GW of renewable energy target that the central government has aimed to achieve by the year 2030, almost 2/3rd of the same would come from solar energy, according to Union Minister Bhagwant Khuba.
Kolkata/IBNS: ASSOCHAM today said full credit must be given to the Reserve Bank of India and its Monetary Policy Committee for ''prioritising'' growth and retaining the ''accommodative stance'' on policy rates to lessen the impact of Covid-19 on the economy, despite inflationary pressures which have rightly been described as ''transitory'' by Governor Shaktikanta Das.
Kolkata/IBNS: Government choices are clearly driven by hope at a time when the economy is coming back to normal, according to Government of India’s Chief Economic Advisor Dr. Krishnamurthy Subramanian.
Kolkata/IBNS: After a tough first quarter, the Indian economy is finding demand back on the back of a strong level of activities in construction -related business, consumer durables like air-conditioners, refrigerators and other electrical gadgets and rural segments of the fast moving consumer goods, ASSOCHAM said in a statement.
New Delhi/IBNS: ASSOCHAM on Monday welcomed several key measures announced by Union Finance Minister Nirmala Sitharaman , aimed at providing relief to the sectors hit hard by the Covid 19 pandemic.
Kolkata/IBNS: Sharing concerns of the travel and tourism industry over a devastating economic impact of Covid-19 on the highly job-oriented sector, ASSOCHAM has reached out to the government seeking an urgent relief package, comprising long- tenure debt restructuring and priority in vaccination of the staff engaged in the hospitality industry.
Kolkata/IBNS: The decision to streamline vaccine procurement with the Centre bearing 75 per cent of the cost of doses, as announced by Prime Minister Mr Narendra Modi today, would provide speed to India’s vaccination programme and leave states with more resources to fight the coronavirus, industry body ASSOCHAM has said.
India's Road Transport Ministry is setting up a committee under the chairmanship of Mr K. Venkataramanan to reduce the dependency on steel and cement to reduce the cost of construction and look for alternatives, stated Union Minister for Road Transport & Highways Mr Nitin Gadkari.
Kolkata/IBNS: ASSOCHAM Chairman Eastern Region Ravi Agarwal President Rupa & Company Ltd met West Bengal Governor Jagdeep Dhankhar along with a delegation at Raj Bhawan.
Kolkata/IBNS: The Economic Survey presented in Parliament has hit the nail right on its head by stating that the Indian economy's ''homecoming'' to normalcy is leading to hopes of a robust recovery in services and consumption; emphasizing forcefully that the reforms must continue to realise the full growth potential, ASSOCHAM has said.
Kolkata/UNI: Vineet Agarwal, Managing Director of logistics major Transport Corporation of India Limited (TCIL) has taken over as the new President of The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
Kolkata/IBNS: The Textiles Ministry is bringing to form a structure under which the Production Linked Incentive (PLI) Scheme for technical textiles and manmade fibre (MMF) segment will be rolled out, Union Cabinet Minister Smriti Irani said at an ASSOCHAM Foundation Week Programme on Friday.
Kolkata/IBNS: Speaking at an ASSOCHAM conference here on Friday, Pratap Chandra Sarangi, Minister of State for Micro, Small and Medium Enterprises, said that the government fully understands the importance and contribution of MSMEs for the nation and is fully committed to support the MSME sector grow and reach its full potential.