New Delhi: The Union Minister of Petroleum and Natural Gas & Steel, Dharmendra Debendra Pradhan launched Atal Community Innovation Centre (ACIC) in New Delhi to encourage the spirit of innovation at the community level Wednesday.

The Union Budget has signalled a new era of a stability with a plan to deliver a $ 5 trillion economy in the next few years! The elections have already demonstrated that this regime has been selected for performance.

How far is India from witnessing a turnaround in its capital expenditure (capex) cycle? No, the answer to this question is not "just one general election away".

The Railways has sizeable capex plans for the five year period 2015-19 involving a capital outlay of Rs.8.56 trillion. The annual capital outlay for FY2016-18 was increased significantly to meet the five-year targets. NITI Aayog has also finalised the three year action agenda (2018-20).

It is often pointed out that every rupee invested in ramping up railway infrastructure benefits the economy six times over. Therefore, after languishing for nearly 70 years, modernisation of the sector has been put on the fast track.

Private Equity (PE) in India is still in its nascent stage, accounting for roughly 1 per cent of GDP.

With a disinvestment target of raising Rs.72,000 crore this fiscal, the government is all set to rule Dalal Street with Rs.18,000 crore worth of Initial Public Offerings (IPOs).

Private Equity (PE) in India is still in its nascent stage, accounting for roughly 1 per cent of GDP. This is in contrast to almost 3 per cent in the US. However, PE funding has come a long way in the recent past, accounting for 3 to 5 per cent of the total capital raised by Indian companies, says MAHESH SINGHI.

The Cabinet Committee on Economic Affairs (CCEA) has approved the award of 31 contract areas as part of the Discovered Small Field (DSF) Bid Round 2016.