Welcome to the March 12, 2015 bulletin of key policy decisions and high-impact news from India, presented by the Embassy of India, in Washington D.C.
High-Impact News

Arun K. Singh is India's New Ambassador to the U.S.        

Arun K. Singh has been appointed as India's next Ambassador to the U.S. Singh succeeds Dr. S. Jaishankar, who was appointed as the Foreign Secretary in January. Singh is currently the Indian Ambassador to France. He was Deputy Chief of Mission in Embassy of India, Washington DC from 2008-2013 and also served at India's Permanent Mission to the United Nations from 1993 to 1997.

Railways Get $1.6 Billion in Foreign Investment Commitments                

The Railways Ministry has received $1.6 billion in investment commitments from private sector companies for the development of 19 projects, Railways Minister Manoj Sinha told Parliament. Areas for private participation include suburban corridors, high-speed rail, dedicated freight lines, rolling stock, locomotive manufacturing facilities and railway electrification.     


Cisco Sets Up Advisory Board for Digital India Opportunities            

U.S. networking giant Cisco has announced a Cisco India Advisory Board comprising five industry leaders to advise the India leadership team on strategic matters and help the company tap new business opportunities in Digital India.

First India-U.S. Dialogue on Space Security Held  
Mr. Frank Rose, US Assistant Secretary for Arms Control, Verification and Compliance visited India to chair First India-U.S. Dialogue on Space Security, as envisaged by Prime Minister Modi and President Obama in September last year. Ahead of the Dialogue, he also participated in the discussion on "India-U.S. Space Security Cooperation: A Partnership for the 21st Century."

Harley-Davidson is Cruising in India
The Indian unit of U.S. motorcycle manufacturer Harley-Davidson will start exporting two models to Europe and other parts of Asia as the iconic superbike maker seeks to accelerate sales in markets beyond the U.S. Harley makes the bikes at two plants-one in the U.S. and another in Gurgaon in Haryana, on the outskirts of New Delhi.

Key Policy Decisions

India Cuts Key Interest Rate for 2nd Time This Year   


Reserve Bank of India has cut the key lending rates, just days after the Government's new Budget. The Central Bank was  not scheduled to issue a rate decision and the stocks surged on the news. RBI said in a statement that with inflation in control, the Bank felt it had room to act in support of the economy.

Govt. OKs $2 Billion in Road Widening Projects        

The Government has approved four-laning of six highways, spread across five states, including Himachal Pradesh, West Bengal and Uttar Pradesh, having a total length of 442 miles at a cost of $2 billion.  



Govt. Has $4.8 Billion in Disinvestment Pipeline

The Government has put a pipeline in place to meet its 2015-16 disinvestment target of $4.8 billion, the highest ever, said Disinvestment Secretary Aradhana Joshi. Most of the total will come from minority stake sales of state-owned firms with the rest coming from what the Government called "strategic sales."

Multiple Public-Private Projects Worth $4.1 Billion Underway                  

As many as 46 public-private- partnership projects are at various stages of implementation in 33 cities at a total approved cost of $4.1 billion for infrastructure development in urban areas. The projects relate to mass rapid transport systems, solid waste management, water supply, parking lots, roads and flyovers, Urban Development Minister M. Venkaiah Naidu said. 

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