India to overtake Japan to become 3rd largest economy in 2025

India will this year overtake the UK to turn into the world's fifth greatest economy this year and is ready to surpass Japan to be the third largest in 2025.

Govt plans to raise Rs 3.25 lakh crore through disinvestment in next 5 years

The centre government plans to raise as much as Rs 3.25 lakh crore (US$ 47.4 billion) in coming five years. These funds will be raised by reducing the stakes in large- state owned firms. States will be red

In June 2019, WPI inflation eases to near 2-year low at 2.02 per cent

Wholesale price-based inflation (WPI) declined for the second successive month to its 23-month low of 2.02 per cent in June, helped by decrease in prices of vegetables just as fuel and power things.

The Wholesale Price Index (WPI)- based inflation was at 2.45 per cent in May. It was 5.68 per cent in June 2018. In April 2019, WPI inflation data has improved upwards to 3.24 per cent from provisional 3.07 per cent.

86 per cent Ujjwala beneficiaries return to claim 2nd refill

As per Petroleum Minister Mr Dharmendra Pradhan, around 86 per cent recipients of the Pradhan Mantri Ujjwala Yojana (PMUY), under which free LPG connection were given, have returned to buy the second cylinder.

Relaxing FDI limit in insurance intermediaries to boost distribution: Fitch

As per Fitch Ratings, the Budget 2019-2020 suggestion of relaxing foreign investment limit in insurance intermediaries will lead to support distribution capabilities and enhance the international involvement, particularly from developed markets.

India's renewable energy capacity crosses 80GW-mark

The government has set a goal-oriented focus of having 175 GW of clean energy capacity by 2022, including 100 GW solar and 60 GW of wind energy.

"An aggregate of 80.46 GW of renewable energy limit has been introduced in the country as on June 30, 2019 which includes 29.55 GW from Solar and 36.37 GW from Wind control," according to Power and New and Renewable Energy Minister Mr. R K Singh.

Delhi RTR flyover opens, to ease connectivity to Gurgaon, IGI airport

The Rao Tula Ram (RTR) flyover is now open to public thus making commuting to the Delhi domestic and international airport terminals from South and East Delhi and Noida easier. The roads raised than other roads are now open to the public, on the route to the Delhi domestic and international airport terminals from South and East Delhi and Noida. This will make the journey easier. The flyover on Outer Ring Road will also work to improve the journey to Gurgaon.

Cabinet approves investments in India's largest hydropower plant

The estimated total expense of project is Rs 28080.35 crore (US$ 3.9 billion) and the estimated finishing time period for the project will be nine years from receipt of Government sanction.

The project will produce 2880 mw (12x240 mw) power and is the biggest ever hydroelectric power project to be developed in India. The dam is 278 meters high and will be the highest dam in India once finished.