New Delhi, April 9 (IANS) Pakistan’s economy remains under pressure, as its decision to secure a $600 million short-term loan from Standard Chartered Bank has once again highlighted the country’s fragile external financing position amid mounting fiscal and external challenges, according to a new report.According to an Asian News Post report, the loan is priced at SOFR plus 2.6 per cent — translating to an interest rate of around 6.3 per cent — aimed at supporting foreign exchange reserves,…
Latest Foreign Direct Investment News & Updates
Mumbai, March 13 (IANS) Industries Minister Uday Samant on Friday said in the Legislative Assembly that Maharashtra continues to be the premier destination for investment in India. Responding to a proposal under Rule 293, the Minister revealed that the state has secured Memorandums of Understanding (MoUs) worth over Rs 31 lakh crore during the 2026 World Economic Forum in Davos.For the third consecutive year, Maharashtra has maintained its top position in attracting Foreign Direct Investment (FD…
Mumbai, March 6 (IANS) The Maharashtra government has set an ambitious target to increase the gross income of the industrial sector in the state from $123 billion to $1,500 billion by 2047.Chief Minister Devendra Fadnavis, while presenting the annual Budget for 2026–27, said the state’s new Industry, Investment and Services Policy–2025 proposes to raise the share of the industry sector in the state economy to 30 per cent by 2047.According to the Budget, Maharashtra currently tops the country…
Mumbai, March 6 (IANS) Maharashtra’s outgo towards salaries, pension and interest payment during 2025-26 will be a record Rs 3,12,556 crore, which will be more than 50 per cent of the revenue expenditure of Rs 6,06,855 crore. The revenue receipts are estimated at Rs 5,60,964 crore, officials said on Thursday.According to the Economic Survey for 2025-26, the Maharashtra government’s spending on salaries is Rs 1,72,760 crore (28.5 per cent of total revenue expenditure) against Rs 1,46, 037 crore (…
Mumbai, March 2 (IANS) India’s current account deficit (CAD) stood at $13.2 billion, or 1.3 per cent of GDP, in the third quarter (October–December) of the financial year 2025–26, according to the RBI’s preliminary data on the balance of payments released on Monday.The deficit stood at $11.3 billion, or 1.1 per cent of GDP, in the corresponding quarter of the previous financial year.The merchandise trade deficit increased to $93.6 billion in Q3FY26 from $79.3 billion a year earlier. Within t…
New Delhi, March 2 (IANS) India’s experience demonstrates that import substitution and export strength can move together when approached strategically. Across sectors, from mobile phones and medicines to automobiles and defence, the push is to build in India not only for domestic needs, but for global markets as well, according to an official factsheet issued on Monday.As local capacity expands and imports reliance falls, many industries also gain the scale to export more, strengthening the ex…
Mumbai, Feb 26 (IANS) Chief Minister Devendra Fadnavis in the state Assembly on Thursday painted a picture of Maharashtra that is no longer just “participating” in India’s growth, but is actively steering the nation’s $5 trillion ambition.He laid out a comprehensive vision for the state’s future, balancing ambitious economic targets with a stern address on law and order.In his reply to the debate on the Governor’s address, the chief minister said that Maharashtra remains the real economic powe…
New Delhi, Feb 24 (IANS) The negotiations for the proposed free trade agreement between India and the Gulf Cooperation Council (GCC) were formally launched here on Tuesday with the signing of a joint statement by Commerce and Industry Minister Piyush Goyal and GCC Secretary General Jasem Mohamed Al-Budaiwi.”Amidst global uncertainties, it is most opportune that discussions are starting on negotiating a robust trading arrangement which would harness mutual synergies and complementarities,” Goyal …
New Delhi, Feb 15 (IANS) The long-standing and resilient partnership between Japan and India is entering a new and dynamic phase, marked by deeper security collaboration and expanding cooperation in advanced technologies, according to a report. The bilateral relationship, which has steadily strengthened over the years, is now witnessing renewed energy driven by shared strategic interests in the Indo-Pacific region and growing people-to-people engagement.A report by Japan Forward highlights that …
Mumbai, Feb 10 (IANS) Maharashtra Chief Minister Devendra Fadnavis said on Tuesday that the state continues to attract the highest Foreign Direct Investment (FDI) in the country, adding that this investment is now not just the highest in India but has also become record-breaking. He added that an industry-friendly ecosystem has been created in the state by transforming economic activity into a celebratory movement, which has led to unprecedented levels of investment in Maharashtra.Chief Minister…