Economic Newsletter: May 2017

Economic Newsletter: May 2017

Economic Newsletter

Economic

Government of India Decisions High Impact News
DIPP, WIPO to set up Technology and Innovation Support Centres for IP generation
Industrial promotion body DIPP and the World Intellectual Property Organisation (WIPO) have joined hands to establish Technology and Innovation Support Centres in the country which is expected to boost generation and commercialisation of intellectual properties.
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PM Narendra Modi participates in Vesak Day celebration in Sri Lanka
Prime Minister Narendra Modi, who is on a two-day state visit to Sri Lanka, on Friday participated in the opening ceremony of the 14th International Vesak Day celebration here.
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Cabinet approves National Steel Policy 2017 New Policy - A reflect of long term Vision Focus on enhancing domestic consumption, high quality steel production and making the sector globally competitive
  The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for National Steel Policy (NSP) 2017.   The new Steel Policy enshrines the long term vision of the Government to give impetus to the steel sector.  It seeks to enhance domestic steel consumption and ensure high quality steel production and create a technologically advanced and globally competitive steel industry.
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First India-Sri Lanka Joint Research Symposium in Colombo
   The inauguration of the first three-day India-Sri Lanka Joint Research Symposium began in Colombo on 29 May.     The symposium was inaugurated by Sri Lankan Minister of Science, Technology and Research Susil Premajayantha and High Commissioner of India to Sri Lanka Taranjit Singh Sandhu.
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Cabinet approves phasing out Foreign Investment Promotion Board
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to the phasing out of Foreign Investment Promotion Board (FIPB). The proposal entails abolishing the FIPB and allowing administrative Ministries/Departments to process applications for FDI requiring government approval.
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President congratulates Modi on successfully launching South Asia satellite
President Maithripala Sirisena extended his best wishes to the Indian Prime Minister Narendra Modi on the occasion of India successfully launching a new communications satellite, which can be utilized by the member countries of SAARC including Sri Lanka, the PMD reported.
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Cabinet okays Rs 6,000 cr scheme for food processing sector
The government today approved a new Rs 6,000 crore central scheme ‘SAMPADA’ for the 2016-20 period with an aim to boost processing of marine and agriculture produce. A decision in this regard was taken at the meeting of the Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Narendra Modi here.
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India hailed for disaster management plan
The government will develop 35 Multimodal Logistics Parks (MMLPs) in the country, which will bring down the logistics costs to a great extent and help the country's economy, Union Minister Nitin Gadkari said on Wednesday.
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Government to construct 35 multimodal logistics parks
The government will develop 35 Multimodal Logistics Parks (MMLPs) in the country, which will bring down the logistics costs to a great extent and help the country's economy, Union Minister Nitin Gadkari said on Wednesday.
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GST to push Indian growth to over 8%: IMF
The ambitious Goods and Services Tax to be implemented from July 1 would help raise India's medium-term growth to above eight percent; the International Monetary Fund has said adding that the reforms being done is expected to pay off in terms of higher growth in the future.
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Smt. Nirmala Sitharaman has said that mid-term review of Foreign Trade Policy would be completed early to synchronise its roll out with GST
Commerce and Industry Minister Smt. Nirmala Sitharaman has said that the revised Foreign Trade Policy (FTP) would be released early to synchronize the same with roll out of GST. The core focus of the revised FTP would be promoting exports from the SMEs and high employment potential sectors.
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PM Modi inaugurates Dhola-Sadiya in Assam: All you need to know about India?s longest bridge 9.15 km Dhola-Sadiya bridge is longer than the Bandra-Worli Sea Link in Mumbai.
Prime Minister Narendra Modi inaugurated on Friday India’s longest span, the 9.15 km Dhola-Sadiya bridge across river Lohit at the easternmost tip of Assam, on May 26.
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file_put_contents(/var/www/html/colombo/centoscolombo/storage/framework/sessions/d7uNpJq4VvWsIQdjK07vCWOYbZ9LGL2Ke5PhUh51): failed to open stream: No space left on device

in Filesystem.php (line 122)
at HandleExceptions->handleError(2, 'file_put_contents(/var/www/html/colombo/centoscolombo/storage/framework/sessions/d7uNpJq4VvWsIQdjK07vCWOYbZ9LGL2Ke5PhUh51): failed to open stream: No space left on device', '/var/www/html/colombo/centoscolombo/vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php', 122, array('path' => '/var/www/html/colombo/centoscolombo/storage/framework/sessions/d7uNpJq4VvWsIQdjK07vCWOYbZ9LGL2Ke5PhUh51', 'contents' => 'a:4:{s:8:"language";s:7:"english";s:6:"_token";s:40:"SXSI2WAAq2XW0fAk9QrZ7A73rWx3hIKqUhSdATcU";s:9:"_previous";a:1:{s:3:"url";s:223:"http://www.hcicolombo.org/event?id=eyJpdiI6Im5tUTE1RkJZbjNRU2FPY2V5K1RYQlE9PSIsInZhbHVlIjoiVGFHUDI0ZlFhWk5vOGI1MXowQjlHdz09IiwibWFjIjoiNTAzYjg2ZTE1ZjQ1MTE0NzI1MjY1MTZlN2I2MWNiMmYyZDljZTNmNjlmZmQzODI1MTczMjEwMDNkY2M2YWMyZiJ9";}s:6:"_flash";a:2:{s:3:"old";a:0:{}s:3:"new";a:0:{}}}', 'lock' => true))
at file_put_contents('/var/www/html/colombo/centoscolombo/storage/framework/sessions/d7uNpJq4VvWsIQdjK07vCWOYbZ9LGL2Ke5PhUh51', 'a:4:{s:8:"language";s:7:"english";s:6:"_token";s:40:"SXSI2WAAq2XW0fAk9QrZ7A73rWx3hIKqUhSdATcU";s:9:"_previous";a:1:{s:3:"url";s:223:"http://www.hcicolombo.org/event?id=eyJpdiI6Im5tUTE1RkJZbjNRU2FPY2V5K1RYQlE9PSIsInZhbHVlIjoiVGFHUDI0ZlFhWk5vOGI1MXowQjlHdz09IiwibWFjIjoiNTAzYjg2ZTE1ZjQ1MTE0NzI1MjY1MTZlN2I2MWNiMmYyZDljZTNmNjlmZmQzODI1MTczMjEwMDNkY2M2YWMyZiJ9";}s:6:"_flash";a:2:{s:3:"old";a:0:{}s:3:"new";a:0:{}}}', 2)in Filesystem.php (line 122)
at Filesystem->put('/var/www/html/colombo/centoscolombo/storage/framework/sessions/d7uNpJq4VvWsIQdjK07vCWOYbZ9LGL2Ke5PhUh51', 'a:4:{s:8:"language";s:7:"english";s:6:"_token";s:40:"SXSI2WAAq2XW0fAk9QrZ7A73rWx3hIKqUhSdATcU";s:9:"_previous";a:1:{s:3:"url";s:223:"http://www.hcicolombo.org/event?id=eyJpdiI6Im5tUTE1RkJZbjNRU2FPY2V5K1RYQlE9PSIsInZhbHVlIjoiVGFHUDI0ZlFhWk5vOGI1MXowQjlHdz09IiwibWFjIjoiNTAzYjg2ZTE1ZjQ1MTE0NzI1MjY1MTZlN2I2MWNiMmYyZDljZTNmNjlmZmQzODI1MTczMjEwMDNkY2M2YWMyZiJ9";}s:6:"_flash";a:2:{s:3:"old";a:0:{}s:3:"new";a:0:{}}}', true)in FileSessionHandler.php (line 83)
at FileSessionHandler->write('d7uNpJq4VvWsIQdjK07vCWOYbZ9LGL2Ke5PhUh51', 'a:4:{s:8:"language";s:7:"english";s:6:"_token";s:40:"SXSI2WAAq2XW0fAk9QrZ7A73rWx3hIKqUhSdATcU";s:9:"_previous";a:1:{s:3:"url";s:223:"http://www.hcicolombo.org/event?id=eyJpdiI6Im5tUTE1RkJZbjNRU2FPY2V5K1RYQlE9PSIsInZhbHVlIjoiVGFHUDI0ZlFhWk5vOGI1MXowQjlHdz09IiwibWFjIjoiNTAzYjg2ZTE1ZjQ1MTE0NzI1MjY1MTZlN2I2MWNiMmYyZDljZTNmNjlmZmQzODI1MTczMjEwMDNkY2M2YWMyZiJ9";}s:6:"_flash";a:2:{s:3:"old";a:0:{}s:3:"new";a:0:{}}}')in Store.php (line 129)
at Store->save()in StartSession.php (line 88)
at StartSession->terminate(object(Request), object(Response))in Kernel.php (line 216)
at Kernel->terminateMiddleware(object(Request), object(Response))in Kernel.php (line 187)
at Kernel->terminate(object(Request), object(Response))in index.php (line 58)