Economy

Indian Railways top 10 FAQs; also check irctc.co.in, indianrail.gov.in

Indian Railways is a massive undertaking and people tend to get confused in trying to access the information they want. To help end the confusion and ensure every customer gets a top experience, Indian Railways has put in public sphere frequently asked questions (FAQs) and their answers to ensure a smooth journey for passengers each and every time. Here are ... Read More »

‘India’s nuke programme among largest in developing nations’

Stating that India has “one of the largest nuclear power programmes” among developing nations, a US-based think-tank has said by the end of 2014 India had enough weapon-grade plutonium to possess an estimated stock of atomic weapons in the range of 75-125. “An estimate of India’s nuclear arsenal can be derived by considering its weapon-grade plutonium stock. The resulting estimate ... Read More »

India set to oppose World Bank’s new conditions for project loans

India, one of the largest borrowers of the World Bank, will oppose the Bank’s new pre-conditions for project loans saying that the proposed Environmental and Social Standards (ESS) are “more regressive” with the potential of making World Bank-assisted projects “unviable”. “The proposed framework envisages several new and more stringent provisions. These provisions may be quite onerous and burdensome for the ... Read More »

Bihar Assembly elections: Will electricity power Nitish Kumar?

Results of the fiercely fought Assembly elections in Bihar will be out on November 8. Whatever that may be, it can’t be gainsaid that with Nitish Kumar at the helm, the state, for long synonymous with backwardness and maladministration, has forged ahead. Under Kumar’s leadership, the state has seen stronger GDP growth; it has consistently beaten national growth in more ... Read More »

Fertiliser, electricity push core sector growth to four-month high at 3.2%

The output growth of core-sector industries touched a four-month high of 3.2% in September from a year before, as electricity generation scaled a 11-month peak and fertiliser production surged to its highest since February 2010 aided by favourable bases. According to the official data released on Monday, electricity generation grew 10.8% in September, compared with 5.6% in the previous month, ... Read More »

On land law changes, Tamil Nadu model is a template for other states: Arvind Panagariya

While Finance Minister Arun Jaitley has said that the 12-notch jump for India in the World Bank’s ‘Doing Business’ rankings should have been better because it doesn’t reflect some of the recent steps including changes in the Arbitration Law. The Vice-Chairman of NITI Aayog, Arvind Panagariya, says that the improvement in rankings is an understatement since it does not capture ... Read More »

Black money: HSBC whistleblower Herve Falciani offers to ‘cooperate’ with India

Claiming that millions of crores worth illicit funds are flowing out of India, HSBC whistleblower Herve Falciani today said he is willing to “cooperate” with the Indian investigative agencies in their black money probe but would need “protection”. Falciani is facing charges in Switzerland of leaking details of bank account holders in Geneva branch of HSBC — a list which ... Read More »

India’s energy emission growth at 8.2%, highest globally: PwC

Buyoed by strong economic activity, India’s energy emission growth was highest in the world at 8.2 per cent last year, says a report. According to the report by global consultancy firm PwC, the sharp rise in energy emission was on account of double-digit growth in demand for coal, as power consumption surged. “India’s energy emissions rose at 8.2 per cent ... Read More »

China gives Yuan biggest boost in a decade AFP

China today raised the daily reference rate for its yuan currency by the largest margin in a decade, officials and reports said, just three months after a surprise devaluation sent shockwaves through global markets. The central People’s Bank of China adjusted the central rate of the yuan — also known as the renminbi (RMB) — upwards by 0.54 per cent ... Read More »

India expected to grow 7.5% in FY16, higher next year: Moody’s

Projecting stable growth rate for India, Moody’s Investors Service today said the economy would grow at 7.5 per cent in the current fiscal and improve marginally in the following year. “We expect that India’s real GDP will grow at 7.5 per cent in the financial year ending March 31, 2016 (FY16) and 7.6 per cent in FY17. “These growth rates ... Read More »