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UBS lowers India growth forecast to 6.6 per cent for FY18

UBS lowers India growth forecast to 6.6 per cent for FY18

UBS lowers India growth forecast to 6.6 per cent for FY18. Global brokerage firm UBS has lowered India’s GDP growth forecast to 6.6 per cent for this fiscal from 7.2 per cent earlier. The brokerage said that the growth is expected to pick up in coming quarters as the economy normalizes post implementation of the

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Harsimrat unveils major plans for Food Processing Ministry

Union Food Processing Minister Harsimrat Kaur Badal on Tuesday said she has major plans for the sector in the remaining tenure of the Narendra Modi government. She said she has managed to bring up the previously neglected department to a pivotal one.While she is trying for a further relaxation in rules for retailers and e-commerce

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Food sector to get big boost as Union Cabinet allocates Rs. 6,000 cr for SAMPADA

Union Food Processing Minister Harsimrat Kaur Badal on Thursday said the food sector was set for a quantum jump in India with the Union Cabinet allocating Rs 6,000 crore for restructuring ministry schemes under SAMPADA (Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters) on Wednesday evening.In a statement here, Harsimrat said the huge and

Thailand hoping to attract more FDI

Kolkata: After witnessing a steep decline in Indian FDI applications in 2015 owing to its new incentive policy, Thailand is hoping the scenario would change and is expecting to attract increased investments in the automobile and petrochemical sectors, an official said. “Due to changes in the incentive policy, we witnessed a decline in FDI in 2015.

Govt allows 100% FDI in trading of food products 

New Delhi: The government today allowed 100 per cent FDI in trading of food products, including through e-commerce, to boost food processing sector in the country. The decision was taken at a meeting chaired by Prime Minister Narendra Modi. The government had in Budget this year announced that 100 per cent FDI would be allowed