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Himachal signs MoUs for 228 projects with investment of over Rs 27, 515 cr

July 27, 2019July 27, 2019 Loknath Das228, 27, 515, for, Himachal, investment, MoUs, of, Over, projects, Rs., signs, With

In Himachal Pradesh, the state government has signed memorandums of understanding (MoUs) for 228 projects during the past few months with investment of over Rs. 27, 515 crores. This is for the first time in the history of Himachal Pradesh that entrepreneurs have come forward in such a big number to invest in the state. Chief Minister Jai Ram Thakur disclosed this in Shimla today while reviewing the progress of various developmental projects. He also instructed the concerned departments to speed up all the required clearances in a time-bound manner.…

China moves up date for lifting some restrictions on foreign investment to 2020

July 21, 2019July 21, 2019 Loknath DasChina, Date, for, Foreign, investment, Lifting, Moves, On, restrictions, Some, to, Up

BEIJING – China lifted some restrictions on foreign investment in the financial sector Saturday as the world’s second-largest economy fights slowing growth at home and a damaging trade war with the United States. China will remove shareholding limits on foreign ownership of securities, insurance and fund management firms in 2020, one year earlier than originally planned, the Financial Stability and Development Committee said in a statement posted by the central bank. Foreign investors will also be encouraged to set up wealth management firms, currency brokerages and pension management companies, the statement…

How investment platform Groww is making investing as simple as shopping online for millennials

July 19, 2019July 19, 2019 Loknath Dasfor, Groww, How, Investing, investment, Is, Making, Online, Platform, Shopping, simple

“Investing should be as simple as shopping online,” says Harsh Jain, who co-founded Groww, India’s fastest growing investment platform, with former Flipkart colleagues Lalit Keshre, Neeraj Singh and Ishan Bansal in 2017. In fact, it is this simplified approach to investing that is attracting a new generation of first-time investors into the market. According to research by Groww, by 2020, nearly 76 percent of India’s population will comprise of millennials (those born between 1981 and 1996), who are arguably the most digitally-savvy generation ever. They also have very different perspectives than previous generations…

Draft National Education Policy-2019 | A Vision Document for new India

July 15, 2019July 15, 2019 Loknath Dasa, document, Draft, Education, for, national, New, Policy-2019, vision, |

Government of India has come up with the draft of National Education Policy-2019 for inputs and very soon the policy may be out in its final shape. The draft was submitted to MHRD by Kasturirangan Committee constituted in 2017. This draft policy is formulated in an inclusive, participatory and holistic manner to meet the changing dynamics of the needs and aspirations of new India. The draft policy is developed on five foundational pillars of access, equity, quality, affordability and accountability. It also promotes innovations and research, aiming to make India…

PM pitches for corporate investment in agriculture

June 26, 2019June 26, 2019 Loknath Dascorporate, for, In, investment, pitches, PM

“Agriculture is the backbone of rural economy. But we need to change the old ways of thinking,” Prime Minister Narendra Modi said. “We need to think beyond partisan lines to hand-hold the farmer. The corporate world has no investment in agriculture beyond making tractors. There needs to be more investment in food processing, building warehouses, facilitating the movement from seed to the market. We need to have a futuristic vision for agriculture,” Modi said in his reply on the motion of thanks on the President’s address in the Lok Sabha…

India becomes investment darling for sovereign wealth and pension funds

June 21, 2019June 21, 2019 Loknath Dasand, becomes, darling, for, India, investment, Pension, sovereign, Wealth:

London: Sovereign wealth funds are piling into India, buying stakes in everything from airports to renewable energy, attracted by political stability, a growing middle class and reforms making it more enticing for foreigners to invest. Wealth and state pension funds are expanding their horizons to private markets, to complement an existing focus on stocks and bonds. “India is popular with sovereign wealth funds,” said Tihir Sarkar, London-based partner at Cleary Gottlieb, which counts several prominent sovereign funds as clients. “Almost every jurisdiction in the western world is raising the bar for…