NEWS TICKER
  • CAD is likely to be contained at 2.5% of GDP in FY 2014-15 on buoyant exports, gold import restrictions and easing oil prices.
  • Fiscal challenges remain high as 61.2% of budget earmarked for the current fiscal year has been utilized.
  • Further 100% FDI in Railway infrastructure has also been allowed.
  • Government launched its massive financial inclusion scheme Prime minister’s Jan Dhan Yojana on August 28, to remove financial untouchability
  • India and Australia signed civil nuclear deal to address India’s growing need for Power.
  • India is the world’s ninth biggest stock market with a market capitalization of $1.58 trillion.
  • India signed a trade and investments agreement with 10 member Asean grouping which will allow open free movement of professionals between th
  • Japan to invest $33.58 billion over the next five years under the India-Japan Investment Promotion Partnership.
  • New body to replace Planning Commission
  • Real GDP growth is estimated at 4.7 for FY14 and 5.7 % for FY15.
  • The government’s focus during the last 100 days has been on refueling growth, taming price pressures, facilitating businesses environment an
  • The Union Cabinet increased FDI limit in insurance and Defence from 26%to 49%.
  • US$100bn development bank launched at the BRICS meet.
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phd President Writes

The fiscal year 2014-15 began on a promising note with the industrial sector having registered an average growth of nearly four percent during April-June 2014 that was investment-led and focused on producer goods...

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Mr. Sharad Jaipuria


President
PHD Chamber of Commerce and industry
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