ARJAVA MEDIA Many factors have contributed to the growth of foreign direct investment (FDI) in India. Some of the factors include growing competitiveness and constant Innovation. According to the World Investment Report 2023, India was the third largest recipient of greenfield projects with 1,008 greenfield project announcements. India’s ranking in the World Competitive Index 2024 jumped three positions to 40th, from 43rd in 2021. India is one of the 50 most innovative countries in the world. These rankings highlight the country’s progress in enhancing its innovation ecosystem and competitive edge. Now India has a vastly improved business environmentclimbing several notches in 10 years. These changes enabled India to achieve a remarkable milestone in its economic journey, with g...
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Four lakh gold items are hallmarked every day. Now, the hallmarking facility is available in 361 districts across the country. The Bureau of Indian Standards began its fourth phase of mandatory hallmarkingunder the Hallmarking of Gold Jewellery and Gold Artefacts Amendment Order, Over 400 million gold jewellery items have been hallmarked with a uniqueHallmark Unique Identification (HUID), ensuring greater trust and transparencyfor the consumers in the market. During the fourth phase, hallmarking centres were set up in 18 additional districtsunder Mandatory Hallmarking. Now, 361 districts are covered under MandatoryHallmarking. BIS implemented the first phase of mandatory hallmarking on June 23, 2021. Thefirst phase covered 256 districts, whereas the second phase comm...
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Climate Finance Developed nations’ neglect India expresses dissatisfaction with developed countries’ unwillingness toengage in the Climate Finance and Mitigation Work Programme at COP29 inBaku. India expressed dissatisfaction over the insistence of developed countries toexpand the scope of MWP from what was agreed in the past. India aligned itsstance with the views expressed by the Like-Minded Developing Countries(LMDCs), the Arab Group and the African Group of Negotiators (AGN). India stated: “We have seen no progress in matters that are critical for developingcountries. Our part of the world is facing some of the worst impacts of climatechange, with far lower capacity to recover from those impacts or to adapt to thechanges to the climatic system for which we are not responsib...
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Unusual, setting modern India on track Jargons and clichés are out. Budget 2022-23 is a vision document with actions for future India. Giving no space for an election year appeasement, Nirmala Sitharaman enviably presented the Union budget 2022-23, which the otherwise uproarious representatives of people listened in unusual silence. I have watched every budget since 1991 - since the first one presented by Dr Manmohan Singh. Until 2014 every government had coalition compulsions with dictations from State satraps. Budget presentation was a ritual celebrated by a handful of privileged lots. Freebies, subsidies and tax cuts were the yardsticks of budget evaluation. Still, the ghosts haven’t fully disappeared. Hence, there are questions, though not so galore. The budget 2022-23 envisi...
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Fuel for economic growth Through various amendments, the government is trying toopen up more sources of investments in the infrastructuresector, besides equity infusion in the NIIF infrastructuredebt financing platform. Over a period, these investmentswill collectively reflect economic development. urag Singh Thakur, Union Minister of State for AFinance and Corporate Affairs has said recently in theparliament that the government has been contemplating infusing more investments prioritising growth of infraand health sectors to streamline the economy. For this, he saysthe government has taken various steps. For enabling debt financing of Infrastructure Investment Trust (InvITs) and Real Estate Investment Trusts (REITs) by Foreign Portfolio Investors included in the Finance bill 202...
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