Tag Archives: India’s

GST has transformed India’s economy: PM Modi in ‘Mann ki Baat’

NEW DELHI: In the 34th edition of his radio programme “Mann ki Baat”, Prime Minister Narendra Modi hailed the Goods and Services Tax (GST) and said the benefits of the landmark tax reform are already visible in the upswing in the country’s economy. “It has been one month since GST was implemented and its benefits can be seen already. GST has transformed ... Read More »

Get ready! India’s own GPS set to hit the market early next year

PM Modi watching the 2016 launch of IRNSS-1G, the seventh satellite in a series which ensured the completion of Indian Regional Navigation Satellite System. (Picture source: http://www.narendramodi.in) Less HIGHLIGHTS Top Isro official says NavIC is more accurate than US system. NavIC (‘Navigation with Indian Constellation’ whose Hindi meaning is ‘sailor’ or ‘navigator’) is the name given by PM Modi. NavIC ... Read More »

India’s foreign exchange reserves at record high of $367.76 billion

Aided by a sharp rise in foreign currency assets (FCAs), India’s foreign exchange reserves rose $989.5 million to hit a new high of $367.76 billion for the week ended Sept. 2. The reserves had declined for the preceding reporting week ended Aug. 26. FCAs, which form the largest component of the country’s foreign exchange reserves, increased $952.2 million, according to ... Read More »

Mahindra to build India’s first automobile shredding plant

A unit of autos-to-technology group Mahindra intends to set up a network of automobile shredding plants, an executive told Reuters on Thursday after announcing plans to build India’s first such facility with a state firm. India is considering introducing a policy to scrap old vehicles, like the cash-for-clunkers programme the United States tried during the global economic recession to boost ... Read More »

Column: India’s thirst for gasoline helps spur global oil demand – John Kemp

India’s gasoline consumption is surging and has become one of the fastest-growing components of global oil demand. With other parts of the global economy struggling, continued growth in gasoline consumption in India, together with the United States and China, has become one of the most important indicators for global oil prices.  Saudi Arabia and other members of the Organization of ... Read More »

Column: India’s thirst for gasoline helps spur global oil demand – John Kemp

India’s gasoline consumption is surging and has become one of the fastest-growing components of global oil demand. With other parts of the global economy struggling, continued growth in gasoline consumption in India, together with the United States and China, has become one of the most important indicators for global oil prices. Saudi Arabia and other members of the Organization of ... Read More »

Vedanta wins gold-hungry India’s first mine auction

Vedanta Ltd has won India’s first-ever auction of a gold mine, a state government official said, as the nation opens up the sector to private companies to curb overseas purchases of the metal that cost it $36 billion last year. Vedanta, a unit of London-listed Vedanta Resources Plc, beat three other bidders in the auction of the Baghmara mine in ... Read More »