trendingnewswithaditi

Govt tenders worth Rs 25k-cr cancelled, modified for Make in India products A tender worth Rs 8,000 crore was withdrawn and re-issued at the intervention of Department for Promotion of Industry and Internal Trade. Current Affairs :- Government tenders worth over Rs 25,000 crore were either dropped or re-issued after the Department for Promotion of Industry and Internal Trade (DPIIT) ventured in to change their conditions so as to advance ‘Made in India’ merchandise, a high ranking representative said. “The division is making each stride for compelling usage of open acquirement request, 2017, to advance ‘Made in India’ items,” said the authority. The government provided the request on June 15, 2017, to advance assembling and generation of products and ventures in India and upgrade pay and work in the nation. A delicate worth Rs 8,000 crore was pulled back and re-issued with adjusted conditions after the intercession of the DIPP. The venture was connected with setting up...

FDI inflows contract in FY19, first in 6 yrs, on weak economic conditions Singapore replaces Mauritius as the top source of FDI Economy :-Inbound outside direct value ventures declined without precedent for a long time in FY19, in accordance with the generally speaking feeble monetary conditions. Most recent figures discharged by the Department for Promotion of Industry and Internal Trade (DPIIT) on Tuesday demonstrated that value inflows decreased to $44.36 billion, somewhere around 1 percent from $44.85 billion a year ago. “Aside from a pause and-watch approach embraced by worldwide financial specialists before the races, instability in the securities exchange and the in general feeble soundness of the corporate segment may have frightened away new inflows,” said Devendra Pant, boss market analyst at India Ratings. India’s economy is authoritatively anticipated to grow 7 percent in FY19 — most minimal in the Modi government’s first residency. Private speculations sta...