Search Results for: prison reform

methodology-change-sees-indian-economy-grow-faster-than-chinas

Methodology change sees Indian economy grow faster than China's

New Delhi, Feb 10 (ANI): India forecasted that annual economic growth would accelerate to 7.4 percent in the year ending in March after its statisticians changed the way they measure Asia's third-largest economy and showed it clocked faster growth than China in the December quarter. The statistical recovery is in large measure due to changes both in the way authorities calculate gross domestic product (GDP) and the base year. The new estimate is sharply higher than the Reserve Bank of India's (RBI) growth projection of around 5.5 percent for the year under the old method. It marks a dramatic turnaround for an economy that a fortnight ago was assumed to be struggling to gain momentum under Prime Minister Narendra Modi's reform-minded government. India now measures GDP by market prices instead of factor costs, to take into account gross value addition in goods and services as well as indirect taxes. The base year has been shifted to 2011/12 from 2004/05 earlier. Feb 10, 2015
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Concordia captain facing prison as trial wraps up

Captain Francesco Schettino stands accused of manslaughter and abandoning ship. Reportedly ill with a high temperature, he came to court to hear his defense team's closing arguments. Schettino was Feb 9, 2015
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Small scale industry in Gujarat hopes for revival with govt's upcoming budget

Rajkot, Feb 07 (ANI): Small and medium enterprises (SMEs) in Gujarat are hoping for revival with Prime Minister Narendra Modi-led government's budget later this month. The coming budget for fiscal 2015-16, April-March, which will be unveiled on February 28, is widely seen as a test of Modi's ability to lead economic reform. In Rajkot city, small and medium scale industrialists say Modi's 'Make in India' initiative will be a success only if government takes steps to smoothen infrastructure and skill development. The auto industry, reportedly, does a business of rupees 40 billion every year and over the years has suffered immensely due to less acceptance of rebate. Feb 7, 2015
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Nitish Katara Murder Case: Delhi HC rejects death sentence, awards life term to Vikas Yadav, 2 other

New Delhi, Feb 06 (ANI): The Delhi High Court on Friday awarded life imprisonment without remission for 25 years to Uttar Pradesh politician D P Yadav's son Vikas Yadav and his cousin Vishal, who had earlier been convicted for the murder of Nitish Katara. The court also slapped a fine of Rs 50 lakh each on the duo, while Sukhdev Pahalwan, another convict in the case, was awarded a 20-year prison term. Nitish's mother, Neelam Katara, however, expressed her disappointment over the court's rejection of her capital punishment plea for both Vikas and Vishal. The Delhi Police and Neelam Katara had filed appeals to award the death penalty to both brothers on grounds that their offence fell under the 'rarest of rare' category. Nitish Katara, a business executive, was abducted from a marriage party in Ghaziabad on the intervening night of February 16-17, 2002 and was later killed by the Yadav brothers. Feb 6, 2015
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