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ravi-shankar-prasad-visions-india-to-prospect-vastly-in-e-commerce

Ravi Shankar Prasad visions India to prospect vastly in e-commerce

New Delhi, Sep 23 (ANI): Communications and Information Technology (IT) Minister, Ravi Shankar Prasad visions India to prospect vastly in e-commerce. Prasad believes that the country is sitting on the cusp of a big digital revolution as National Optical Fibre Network (NOFN) will herald a digital connectivity even in the villages. The other big focus area is the Digital India project, aimed at providing citizen services online. The project includes the NOFN, which will connect 60,000 gram Panchayats this year. Prasad on Tuesday told business lobbyists of the Associated Chambers of Commerce and Industry of India (ASSOCHAM) in New Delhi that digital empowerment of citizens is a core motive. He also added that digital infrastructure as utility to every citizen is another key area of the new government. Sep 23, 2014
us-call-for-greenfield-investments-in-india

US call for greenfield investments in India

New Delhi, Sept 18 (ANI): In a bid to end the blockage of global trade, US top official called for green field investments in India through the 'Select USA' programme that will specifically concentrate on assisting new and expanding existing businesses. Speaking to reporters at CII Headquarters in New Delhi on Thursday Executive Director, Select USA, Vinai Thummalapally, invited competitive investors from India to USA. The director is on a seven-day visit to India and will be travelling across five cities – Delhi, Hyderabad, Coimbatore, Mumbai and Bangalore – to boost trade investment in the US. Counsellor for Commercial Affair John M McCaslin was also present at the "Select USA" press conference organised by the US Department of Commerce. Thummalapally said India's small and medium enterprises will benefit from the programme. Sep 18, 2014
rbi-chief-says-inflation-coming-down

RBI chief says inflation coming down

Mumbai, Sept 15 (ANI): RBI Governor Raghuram Rajan, said on Monday that India's macroeconomic indicators are improving but Asia's third-largest economy needs to eliminate diesel subsidy completely. Rajan said data suggested that it was a matter of time that we can declare ourselves totally out of inflation. Rajan was speaking at a gathering of the Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Banks' Association (IBA) at the thirteenth edition of FIBAC. With crude oil prices falling globally, Rajan pitched in for eliminating diesel subsidies completely. Talking about the deluge in India's Kashmir, Rajan said that the central bank will work with other banks to restore normalcy in the region. Sep 15, 2014
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