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India's growth to rise to 8 percent in FY 2019: Fitch
India's Gross Domestic Product (GDP) will likely grow by 7.7 per cent in FY 2016-17 and slowly accelerate to 8 per cent by FY 2018-19, driven by the gradual implementation of structural reforms, higher disposable income and improvement in economic activity, according to Fitch Ratings Agency.
India, Iran and Afghanistan sign historic three-way transit accord
India, Iran and Afghanistan have signed a trilateral pact for the strategically located Chabahar Port that which would allow the three countries to open new transportation routes to conduct trade among themselves.
Cabinet gives ex-post facto approval to the MOU between India and Japan for promoting sustainable, stable and low-carbon thermal power development in India
The Union cabinet has granted ex-post facto approval to the Memorandum of Understanding (MoU) between India and Japan, aimed at promoting sustainable, stable and low-carbon thermal power development in India.
Cabinet approval for Rs 10,736 cr investment in railway projects
The Union cabinet has approved investments worth Rs 10,736 crore (US$ 1.61 billion) in five railway projects involving the decongestion of existing network by doubling and tripling of existing lines.
Capital goods policy gets nod, aims to triple output
The Union cabinet has approved the capital goods policy, aimed at increasing production of capital goods to Rs 750,000 crore (US$ 111.6 billion) by 2025 and increasing direct and indirect employment from 8.4 million now to at least 30 million by 2025.
Centre draws five-year plan to increase pulse production to 24 million tonnes by 2021
The Government of India has designed a five-year roadmap to increase production of pulses to 24 million tonnes in FY 2020-21 compared to 17 million tonnes in FY 2015-16, by increasing production consistently through better yield and increased area under pulse crop cultivation in all major pulse-producing states.
Isro carries out successful test demo of its own reusable launch vehicle
The Indian Space Research Organisation (ISRO) has successfully carried out a technology demonstration of its reusable space launch vehicle which is expected to sharply reduce the cost of space missions in the future, due to its capability of being reusable to launch satellites into space.
Monsoon to be above normal and its onset timely: Skymet revised forecast
Skymet Weather Services, a private forecasting agency, has revised upward India's monsoon forecast for the coming season to 109 per cent of the long-period average (LPA) from 105 per cent earlier, on the back of a waning El Nino, which augurs well for Indian agriculture sector and rural economy.
India is going to be an overwhelmingly domestic story: Paul Gruenwald
Mr Paul Gruenwald, Chief Asia-Pacific Economist, S&P Global Ratings, has stated that with the necessary constitutional amendments and the implementation of structural reforms from the government, India has the potential to grow at around 8 per cent in the medium term and will also be able to sustain any shocks arising from global volatility.
India to use International Solar Alliance to push solar water pumps
The Government of India plans to promote solar-powered pumps, which are used for irrigation and drinking water, across the world through the International Solar Alliance (ISA) and extend credit lines to other countries to buy more solar pumps from Indian manufacturers.
56 Indian companies among world’s largest public firms: Forbes
India is home to as many as 56 largest and most powerful public companies in the world, according to the Forbes 'Global 2000' list for 2016, which features 2,000 largest public companies from around 63 countries.
IIM-A, IIM-B climb up in FT ranking
The Indian Institute of Management, Bengaluru (IIM-B) has been ranked 47th, as compared to 57th in 2015, while Indian Institute of Management, Ahmedabad (IIM-A) has been ranked 74th, as compared to 83rd in 2015, in the Financial Times (FT) global rankings for executive education-customised programmes for 2016.