Search Results for: economy

northeast-region-attracts-investment-in-hospitality-sector

Northeast region attracts investment in hospitality sector

Guwahati, Dec 31 (ANI): Guwahati, known as the gateway to Northeast, has become a growing hub for trade and commerce activity. In the last few years, the city has witnessed a mushrooming of shopping malls, showrooms, apartment complexes and hotels. The changing face of the city coupled with an expanding tourism sector is attracting many investors. Recently, the first 5-star hotel in the region, Radisson Blu, was officially inaugurated. The hotel group is prospecting to open hotels in the state capitals of Northeastern states. With a booming economy and a steadily growing tourism sector, the hotel industry will only expand further. Three more 5-star category hotels are coming up in Guwahati city. The growth of hospitality sector has also opened new job avenues for the youth in the region. Dec 31, 2014
poor-infrastructure-cripples-life-in-pok

Poor infrastructure cripples life in PoK

Muzaffarabad, PoK, December 30, 2014:- Roads in PoK in a bad shape, Pakistan directly responsible for the poor infrastructure, people of Trarkhal waiting for concrete road for last 20 years. This road in Trarkhal is full of potholes, and unfit for travel & transportation. Its dilapidated condition speaks volume about the pathetic state of affairs here. While on papers this road is under construction for the past 20 years, and under constant repair & maintenance, drawing public funds for its annual upkeep without serving its true purpose as a highway. Traveling here continues to remain a bumpy ride. It is a result of ignorance and apathy of officials that infrastructure is so poor. Traditionally this was a trade route and earlier historically as well. Now it’s like a ‘C’ grade city with poor infrastructure, kids here have never seen a concrete road, and during rains this place turn into a dirty well, whereas in winters its snow everywhere. Ultimately, living in this sham of democracy, the common people bear the brunt of this apathy. Dec 30, 2014
japanese-firms-introduces-new-technology-and-services-to-expand-base-in-asia

Japanese firms introduces new technology and services to expand base in Asia

Tokyo, Bangkok, Dec 30 (ANI): Alps Electric is a multinational corporation producing a variety of electric components such as units for car device, touch panels for smartphone, censors and switches. Established in 1948, Alps Electric produces a variety of products. The first product was a rotary switch for radio receiver. It then started producing a wide range of products such as variable capacitors, keyboard, remote control, printer and so on. Started as a small factory, Alps Electric is a multinational company and have branch offices the world over, including Asian nations such as India, Malaysia and Vietnam. The company is working on a small communication module to stop cars automatically and avoid car accidents. Many Japanese companies, including the Japan Airlines are expanding their footprints. On December 20, Japan Airlines launched new daily service between Bangkok and Nagoya’s Chubu Airport. Dec 30, 2014
finance-minister-jaitley-rejects-raghuram-rajans-criticism-of-make-in-india

Finance Minister Jaitley rejects Raghuram Rajan's criticism of 'Make in India'

New Delhi, Dec 29 (ANI): Rejecting Reserve Bank of India (RBI) Governor Raghuram Rajan's criticism on 'Make in India' programme, Finance Minister Arun Jaitley on Monday said that it is about manufacturing of quality products at low cost, whether they are sold in India or abroad. The minister in his inaugural address of a national workshop on 'Make in India' further said manufacturing remains a challenge for country's economy and cost of capital has been the major factor behind slowed down manufacturing. Emphasizing on manufacturing of quality products at low costs, Jaitley said it was not relevant whether they are sold in India or abroad. Chalking out the ways to open up the roads for manufacturers, Jaitley said the entry point into manufacturing sector needs to be eased and that if we keep doors closed, investments won't come in. There should be an ease of doing business in India. Earlier this month, RBI Governor Raghuram Rajan had criticised 'Make in India' campaign, saying it assumes an export-led growth path of China and it should rather be 'Make for India' with a focus on manufacturing products for the domestic market. Dec 29, 2014
Russia

US-Russia Trade Improves Despite Sanctions

Trade between the United States and Russia spiked by 7 percent despite the economic sanctions levied by the U.S. on the country, President Vladimir Putin said. Dec 27, 2014
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