2015 sees highest-ever private equity investments in India

                                                                     

 India was the top destination for private equity (PE) and venture capital (VC) investors in 2015.

The country received a record $22.4 billion in investments last year, 31.8% more than the previous highest of $17 billion in 2007, according to a report by Bain & Co. India Pvt. Ltd. The 2015 deal value marked a 47% increase over the $15.2 billion India received in 2014.

Consumer technology, real estate and banking, financial services and insurance top the sectors that attracted investors, accounting for 65% of deal value. Investments in consumer tech grew 46% to $6.9 billion.

For more read at:-

http://www.livemint.com/Industry/DZYKCErQomg1vBKjrCfBDO/Private-equity-investments-in-India-highest-in-2015-report.html via NMApp

Budget 2016: India poised to become a roaring tiger, says Arundhati Bhattacharya

                                                                     

                            Budget 2016: India poised to become a roaring tiger, says Arundhati Bhattacharya .By setting fiscal deficit at 3.5%, the Budget has underlined the need to continue on the path of fiscal prudence despite many adversities.

Remarkably, revenue deficit at 2.5% in FY16 has significantly undershot the FRBM target at 2.8%, implying that the quality of fiscal consolidation is on the correct path. As a logical corollary, gross government borrowings have been pegged at Rs 6 lakh crore. 

Read more at:

http://economictimes.indiatimes.com/news/economy/policy/budget-2016-india-poised-to-become-a-roaring-tiger-says-arundhati-bhattacharya/articleshow/51202022.cms?via NMApp

India Inc welcomes FM's growth-oriented Budget proposals

                                                                        

 Indian industry has largely appreciated the Budget, owing to its growth-oriented stance, as also taking into consideration major growth  areas such as infrastructure, public sector banks, and agriculture, among others.

Welcoming the Union Budget, the Bangalore Chamber of Industry and Commerce (BCIC) termed it as a “growth-oriented budget” that will boost macroeconomics of the country, despite serious crisis in the global economy, with specific emphasis on the development of core sectors especially infrastructure for the next two years.            
For More details click the below given link 
http://www.deccanherald.com/content/531831/india-inc-welcomes-fms-growth.html via NMApp

IAMAI welcomes Companies Act amendment to register startups

                                                                    

          The Internet & Mobile Association of India (IAMAI) said that that the proposal for Amendment of Companies Act to register startups in one day is a welcome move, and it is a step towards ease of doing business in India. 

"The focus on leveraging technology to streamline distribution and the proposed steps for ease of doing business in India are indicative of the government's resolve towards Digital India and supporting entrepreneurship," Subho Ray, President, IAMAI said. 

http://telecom.economictimes.indiatimes.com/news/iamai-welcomes-companies-act-amendment-to-register-startups/51193642 via NMApp

Budget 2016: Technology initiatives to boost Digital India drive

                                                                  

The slew of new platforms and digital literacy training programs in rural areas announced in the 2016 budget will help the government implement its flagship Digital India program and spur business for Indian IT companies.

Industry experts had said that the program lacked a firm roadmap to implementation. Also helping is the fact that some of the platforms announced have a dedicated budget allocation.

http://economictimes.indiatimes.com/tech/ites/budget-2016-technology-initiatives-to-boost-digital-india-drive/articleshow/51194047.cms?via NMApp

Farmers laud pro-farmer PM speech

                       Farmers of Gautam Budh Nagar district who had sent a letter to the Union finance minister and Prime Minister's Office with a set of demands to help alleviate the lot of farming community, greeted Narendra Modi's pro-farmer statements at Sunday's Kisan Swabhiman rally in Bareilly, where he described farmers as "the nation's pride", and urged UP and other states to focus on farmer's issues. for more details see the below link 

 http://timesofindia.indiatimes.com/city/noida/Farmers-laud-pro-farmer-PM-speech/articleshow/51187270.cms via NMApp

Budget 2016 India: Centre to provide Rs 1 lakh per family health cover

                                                                              

                     The Centre will launch a new health protection scheme under which a cover up to Rs one lakh per family will be provided bedsides opening around 3,000 medical stores across the country to provide quality medicines at affordable prices. In the back drop of emergence of around 2.2 lakh patients of End Stage Renal Disease in India every year and resulting in additional demand for 3.4 crore dialysis sessions, the government will also initiate a National Dialysis Services Programme to provide dialysis services in all district hospitals.

Read more at: 

http://www.moneycontrol.com/news/economy/budget-2016-india-centre-to-provide-rs-1-lakh-per-family-health-cover_5696801.html?utm_source=ref_article via NMApp

Experts say 2016 budget could help entrepreneurs and tech sector

                                                                     

"Arun Jaitley has kind of looked at everything- from the irrigation spend to the bank's balance sheets which have been stressed for some time now. That's not all. He has also gone beyond that to encourage entrepreneurship across all the board and also of specific categories like the SC/STs. He has also talked about skill upgradation and creating clusters for them." -Sunil Kant Munjal, Chairman, Hero Corporate Service Limited 

  SOURCE:- http://www.businessinsider.in/Experts-say-2016-budget-could-help-entrepreneurs-and-tech-sector/articleshow/51192647.cms via NMApp

Union Budget 2016: Jan Dhan has 21 crore accts, mobilised Rs 32,000 crore deposits, says Pranab Mukherjee

                                                                       

Union Budget 2016: Terming the Pradhan Mantri Jan Dhan Yojana (PMJDY) as “the world’s most successful” financial inclusion programme, President Pranab Mukherjee t said Rs 32,000 crore worth of deposits have been mobilised from over 21 crore account holders under the scheme.

In his address to the joint sitting of Parliament, Pranab Mukherjee highlighted various social security schemes of the government and the steps taken by it to improve functioning of state-owned banks. He also said the “concerted efforts” to tackle the menace of black money.  stashed abroad have started yielding results. The government, the President said, has placed great emphasis on food security, Housing for All and subsidies so that they reach those who need them the most.

Source:  http://www.financialexpress.com/article/budget-2016/union-budget-2016-jan-dhan-has-21-crore-accts-mobilised-rs-32000-crore-deposits-says-pranab-mukherjee/215466/ via NMApp