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Gati Shakti master plan may help cut logistics cost to 8% of GDP

Railways looking at Rs 50K cr of investments under the project

More countries keen on starting FTA talks with India: Piyush Goyal

Does not disclose names of countries; his statement comes at a time when India is gearing up to sign trade pacts with key trading partners

Gati Shakti to make policymaking effective, cut needless expenses: PM Modi

Projects will be designed and executed with a common vision across various ministries

IIP rises past pre-Covid level; grows 11.9 per cent in August

Double-digit growth in industrial output can be attributed to the impact of a low base

Piyush Goyal pushes for stronger trade ties at G20 ministerial meet

The meeting comes at a time when India is trying to ink free trade agreements (FTAs) with countries such as Australia, UK, EU, and UAE

Gati Shakti master plan: DPIIT to monitor, implement infra projects

The launch of the master plan is expected to boost infrastructure building by integrating key modes of transportation

India-US must strengthen economic and trade partnership: Piyush Goyal

The minister's statement comes in the backdrop of the US indicating that they are not looking at a new trade agreement with India

7 mega parks will attract substantial foreign investment: Textiles Secy

Upendra Prasad Singh says even as 10 states have expressed interest in PM MITRA, many more are expected to participate when the government invites proposals

Cabinet nod for seven new textile parks with Rs 4,445 crore outlay

The parks will be set up at greenfield or brownfield sites. States with contiguous and encumbrance-free land parcels of over 1,000 acres, along with other textiles ecosystems can apply

India's exports likely to get a boost as WTO raises trade outlook

Exports from India have been rising consistently over the last few quarters

India, UAE to sign trade pact by Mar 2022; Round-1 of CEPA talks this week

A new strategic economic pact is expected to increase bilateral trade in goods to $100 bn, services t $15 bn in 5 years

Single window system launched, to improve ease of doing business

18 departments, 9 states on board single window portal

Govt eases rules for ammonium nitrate, calcium carbide to improve safety

This was done in the backdrop of the lessons learnt from the deadly Beirut explosion that killed about 140 people in August 2020

Dropping of doing biz report won't impact investments, says govt

India's ongoing reforms to improve business climate will continue, says DPIIT Secretary Giridhar Aramane

Dixon, Hindalco, Daikin and 49 others apply for PLI scheme for white goods

The budgetary outlay of the scheme is Rs 6,238 crore. Any unutilized amount from the scheme allocation will be reviewed later

Cabinet clears Rs 26,000-cr PLI scheme for auto sector to boost production

Over a period of five years, the PLI scheme for the auto sector will lead to fresh investments of over Rs 42,500 crore and incremental production of over Rs 2.3 trillion

Companies enthusiastic about PLI scheme: Heavy industries secy Arun Goel

'There are many components of ICE vehicles that are not made in India and those will be incentivized', said Goel

Fearing WTO backlash, govt puts on hold textile PLI export targets

Govt officials say they are cautious as they don't want to be trapped in the WTO quagmire

India, UK aim to launch FTA negotiations by November 1

Both countries are looking at an interim agreement by March 2022, which will be followed by a comprehensive FTA

Exports surge 45.8% in Aug to $33 bn; trade deficit widens to $13.8 bn

Merchandise imports continued to widen at $47.09 billion in August