'Stand Up India' Plan Launched
At the launch of Stand Up India program, Prime Minister Modi said that job seekers must be transformed into job creators who can set up businesses across the country and boost economic activities. The "Start up India Stand up India" initiative was announced by the Prime Minister in his address to the nation on 15th August, 2015.
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Environment Ministry Speeds up Clearances
According to a Government study of more than 1,000 projects, recent initiatives of the Environment Ministry have led to faster and speedier clearance of new projects. These initiatives include online window, policy change, categorization of industries, and demarcation of protected areas, etc.
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New Govt. Portal, Mobil App for Start-Ups
An online portal, with a mobile application, dedicated to start-ups has been launched by the Government, which will help such enterprises register. Also launched was a separate portal that will act as a single-window interface for information on intellectual property rights.
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Reserve Bank OKs 49% FDI in Insurance Under Automatic Route
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The Reserve Bank of India has allowed 49 percent foreign direct investment (FDI) under the automatic route in insurance sector. That's up from the previous maximum of 26 percent under the automatic route.
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Govt. Releases Indian Intellectual Property Portal
The Government has created a single-window interface for information on intellectual property (IP) and guidance on leveraging it for competitive advantage, called the Indian IP Panorama. The portal seeks to increase awareness and build sensitivity toward IP, among stakeholders in the small- and medium-sized enterprises sector, academia and researchers.
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PM Modi Announces Key Initiatives at Nuclear Security Summit
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Prime Minister Modi attended the Nuclear Security Summit in Washington and announced several key initiatives taken by his Government in the area of nuclear security and non-proliferation, including a $1 million pledge to the Nuclear Security Fund.
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U.N.: India Up By Three Positions In Manufacturer Ranking
A UNIDO report ranked India sixth among the world's 10 largest manufacturing countries, up by three positions. The study found that in India, the Manufacturing Value Added grew by 7.6% in 2015 compared to the previous year.
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IT Minister: Digital India Offers Massive Business Opportunity
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Communications and IT Minister Ravi Shankar Prasad said the Government's Digital India is a $1 trillion business opportunity across IT and IT enabled services, telecom and electronics manufacturing. "The aspirational urge of Indians is driving the digital world in a phenomenal way," he said.
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Private Equity Firms Invest $3.6 Billion in India in Q1 2016
Private equity firms invested about $3.6 billion across 144 deals in India during the quarter ending March 2016, according to early data from Venture Intelligence, a research service focused on private company financials, transactions and their valuations.
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Govt. Think Tank: India Close to Hitting 8% GDP Growth
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India is close to achieving 8% GDP growth on the back of satisfactory progress in infrastructure development, according to Niti Aayog, the Government's premier think-tank. "The advance estimate for 2015-16 pegs the GDP growth at 7.6% and the fourth quarter is expected to clock 7.8%", said Arvind Panagariya, Vice Chairman of NITI Ayog.
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