India - Partner In Growth
Welcome to the May 08, 2017  bulletin of key policy decisions and high-impact news, presented by the Embassy of India, Washington DC.
YouTube Facebook Twitter
Banks Will Have More Power to Recover Bad Loans
The Government has empowered the Reserve Bank of India (RBI) to recover bad loans. The biggest 40-50 "bad loan" accounts at public sector banks, with an exposure of $150 million or more in each case, may be targeted for resolution as part of the clean-up of non-performing assets in the banking sector.

Govt. Approves National Steel Policy
The Government has approved the National Steel Policy 2017. The new policy enshrines the long-term vision of the Government to give impetus to the steel sector. It seeks to enhance domestic steel consumption, ensure high quality steel production and create a technologically advanced and globally competitive industry.

Govt. OKs Vijayawada Airport as Intl.