1.   

PM Modi Looks to Pick Up Pace on Economic Reforms

Prime Minister Narendra Modi has a long list of pro-growth measures to implement over the next four months in order for his government to meet the tough 2014/15 fiscal deficit target. Mr Modi's election victory in May unleashed a rush of money from foreign portfolios, betting the reformist Prime Minister would drive a quick recovery. That has yet to materialise, with both factory utilisation and capital spending low.

2.   

India wants to energise trade ties with EU

Indian Ambassador to the European Union (EU) and Belgium Manjeev Singh Puri has called for energising EU-India trade and economic relations. "Please energise your constituents across the European Union because India has opportunities. The government is interested very much. The entire business of 'Make in India' encompasses this entire thing of ease of doing business in India," he said in his inaugural address at an EU-India economic forum which kicked off in Brussels Thursday night.

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India cbank reduces repatriation time of export proceeds to 9 months from 12

The Reserve Bank of India said on Thursday the time by which exporters can repatriate the full value of goods and services has been reduced to nine months from 12 from the date of export. The rule will be applicable to all exporters, including units in special economic zones, export-oriented units, the RBI said.

4.   

Indo-Israel centre unveiled for citrus growers in Punjab

Punjab-based citrus fruit growers can now learn about Israeli technologies like drip irrigation to boost the crop production, at a newly opened Indo-Israel centre of excellence at Khanuara in Hoshiarpur. The Centre of Excellence for citrus fruit, inaugurated yesterday, will showcase some of the most advanced Israeli nursery and fruit cultivating technologies, adapted for Indian conditions by local experts, an official release said. This is the second centre in Punjab. The other centre at Kartarpur village in the state focuses on vegetables.