GDP growth is unlikely to meet Government’s expectations for a 6.1-6.7% growth next financial year, Angel Broking has said, pegging the number at a more realistic 5.7%. The toned down expectation may be the result of previous experience. For example, last year’s Economic Survey had predicted a GDP growth of 7.6% this year, but the […]
The Congress-led government has again refused to press for a ‘Uniform Civil Code’ — a body of laws relating to items like marriage, inheritance etc. that apply to everyone in India irrespective of their religion, language etc.. Currently, such items are broadly dependent on which community or religion one belongs to, with separate laws for […]
There are some product launches that make you go, why? The India launch of Nexus 7 by Google is one such. Let’s see why it doesn’t make much sense in a market like India’s. First, why do people buy tablets? They buy them primarily as media consumption devices. In other words, to see videos, browse […]
The central government has rejected the request by the government of Kerala to set up the special court to try the Italian marines in Kerala, instead of in Delhi, to help the witnesses depose before the court easily. According to sources, the government has decided to set up special court to try the Italian Marines […]
The international version of Samsung Galaxy S4, the first phone to feature the ‘Big.Little’ eight-core architecture from ARM, is likely to launch in India on May 1 and carry a price tag of Rs 45,000, according to indications from retailers taking pre-orders for the super phone. “Expected date of launch in India is 1st May […]
An estimated 25 lakh foreign workers, including lakhs from India, will be forced to return to their home countries after Saudi Arabia decided to stop the practice of issuing ‘free visas’. “Free visas” allow subjects of Saudi Arabia to bring (or sponsor) workers from abroad under more relaxed rules, and often send them off to […]
Kerala emerged on top in per capita spending on non-food items, while Gujarat is the fastest growing, according to a survey by industry chamber Assocham. Haryana emerged on top in terms of expenditure on food-items. The numbers seem to indicate that Keralites, and South Indians in general, spend much less on food compared to others, […]
India has a 50-50 chance of being a ‘break-out nation’ economically, Ruchir Sharma, managing director and head of emerging markets and global macro, Morgan Stanley said at an event held in New Delhi today. Being at the right stage of its reform cycle coupled with a healthy investment to gross domestic product (GDP) ratio and […]
The government has given more details of the ambitious Delhi-Mumbai Industrial Corridor or DMIC, and the first phase will be complete by 2018, it said. The DMIC is India’s attempt to catch up with China in industrial development, especially manufacturing. The seven built-from-scratch are being developed with the co-operation and investment of global giants like […]
Assocham, an industry chamber whose members include some of the biggest users of Indian Railways’ freight services, has called called for radical measures to protect the Railways from rising diesel prices. The association pointed out that even as the decision to raise diesel prices for bulk customers may allow the government to cut back on […]
Doordarshan is setting up a free high-definition (HD) broadcasting system in the four cities of Delhi, Mumbai, Kolkata and Chennai, the ministry of information and broadcasting said. Free terrestrial broadcasting of HD-quality TV channels is likely to be a novelty in a country where nearly 99% of the people watch low-definition (SD or standard definition) […]
The next financial year is going to be better than the current year ending March, India’s biggest IT services firm Tata Consultancy Services Ltd (TCS) said at an analysts’ conference. Growth this year, however, would be slower than usual because of various factors such as uncertainty in the two main markets of the United States […]
India’s consumer price index has jumped by 10.8% in January, on of the steepest rates of price increases. Price increases are calculated on the basis of surveys conducted by the National Sample Survey Office (NSSO) to find out what ordinary people consume the most, and how the prices have changed in the market. An increase […]
Hilton Worldwide, one of the world’s biggest hotel chains, has opened its seventh hotel in India’s national capital region of Delhi (NCR). The Garden Inn will be Hilton’s 12th hotel in India, and is located in Gurgaon, a satellite city of Delhi home to the biggest number of IT companies in North India. The 201-room […]
The government of Kerala again refused to order a new investigation into the role of Rajya Sabha chairman PJ Kurien in the Suryanelli case after CP Ramaraja Prema Prasad, secretary in the law ministry, said the new revelations do not justify a new inquiry. “Factually or legally, there are no sufficient grounds to order further […]
TRAI Chairman JS Sarma denied CNBC TV18’s report that the regulator has just recommended cancellation of 69 2G licenses. He said the body has not taken any such action. “I don’t know what CNBC is trying to do,” he said when asked about the report. TRAI had, a day after the CAG report indicting A […]
India’s oil import bill continued to remain near record levels in January, and imports of non-oil items too gained pace, taking the trade deficit to the unhealthy $200 billion mark this year. India’s oil bill rose 7 percent in January to $15.6 billion. The increase was 12.3% in rupee terms, as the value of the […]
India has been dragged into a tough diplomatic situation with the former president of Maldives Mohamed Nasheed and 12 members of parliament from his party rushing to the Indian embassy in the island nation, seeking protection. Maldivian police forces are standing outside the Indian embassy, urging the politicians to get out of the embassy and […]
It has been a year since Indian and foreign media reported that India’s procurement of 12 VVIP helicopters from Italy’s Finmeccanica through Britain’s Agusta Westland was being probed for corruption by magistrates in Italy. Yet, the government did not order any inquiry despite the Italian investigation. It was in February 2012 that Italian media reported […]
The Suryanelli case has taken yet another turn with the arrest of Dharmarajan, the only person who was convicted in the case and who accused Rajya Sabha deputy chairman PJ Kurien of involvement in the rape case. Dharmarajan had jumped bail soon after being convicted in 2001 for traficking the girl for prostitution and other […]
