Jin Liqun has been elected to a second term as President of the Asian Infrastructure Investment Bank (AIIB) by the bank’s board of governors. The election result was announced by the chair of AIIB’s board of governors during the bank’s fifth annual meeting on Tuesday.

The Central Govt is soon going to set up a single-window system for clearances and approvals of the industry in the country.

The Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman, on Thursday, reviewed the performance of Special Window for Affordable and Mid Income Housing (SWAMIH) with ministry officials and senior management team of the State Bank of India, SBI Capital Markets Ltd and SBICAPS Ventures Limited (SVL).

Prime Minister Narendra Modi has reiterated that this was a great time for international businesses to invest in India.

In an important development that is likely to have long-term ramifications for the world’s fifth-largest economy and the South Asian region, India and the US have announced new areas of research on transformational power generation based on supercritical CO2 (sCO2) power cycles and advanced coal technologies, including carbon capture, utilisation and storage (CCUS).

The country’s largest power generation company, NTPC has entered into an MoU with the country’s first infrastructure-specific fund, the National Investment and Infrastructure Fund (NIIF) Ltd to explore opportunities for investments in mutual areas of interest like renewable energy and power distribution in India.

Raksha Rajya Mantri Shripad Naik has said that the Indian defence and aerospace industry was today on the threshold of transformation, under the several initiatives of Govt of India to promote ‘Make in India’ and ‘Atmanirbhar Bharat Abhiyaan’.

Internet search giant Google has announced an investment of $10 billion in India through the India Digitisation Fund. India-born, Google CEO, Sundar Pichai made this announcement at the ‘Google for India’ event that was streamed live on Monday.

The World Bank and Govt of India on Tuesday signed a loan agreement to enhance support for the Namami Gange programme that seeks to rejuvenate the River Ganga.