Search Results for: economic recession

Putin warns West: 'We are a nuclear superpower; don't mess with us'

Ukraine crisis: Russian President Vladimir Putin on Friday warned the West not to mess with it while reminding them of Russia's nuclear superpowers

Aug 30, 2014

India Sees Fastest Growth in Two Years, But is it Really a Sign of Turnaround?

The Gross Domestic Product (GDP) grew by 5.7 percent in April-June, the highest in nine quarters.

Aug 30, 2014

Reliance to Invest $13 Billion in Energy Projects; Set to Expand Jamnagar Oil Refinery

Reliance Industries is gearing up to invest around $13 billion in energy projects, with an aim to boost heavy crude oil refining process in India

Aug 30, 2014

Modi Signs Pact with Japan to Build First 'Smart City' in Varanasi

The MoU was signed by the Indian Ambassador to Japan Deepa Wadhwa and Mayor of Kyoto Daisaku Kadukowa.

Aug 30, 2014

British PM urges Scotland to stay in UK

British Prime Minister David Cameron urged Scottish people to reject independence on Thursday in a rare speech in Glasgow in which he argued union was a strong economic advantage. Duration: 01:25

Aug 29, 2014

BJP hails PM Modi's Jan Dhan Yojana

Lucknow/ Bhopal/ Mumbai, Aug 29 (ANI): BJP leaders and cabinet ministers hailed the initiative of Prime Minister Narendra Modi to launch a scheme to ensure that the majority of households in his country of nearly 1.3 billion people have a bank account within months. If successful, the Jan Dhan Yojana could help mend strained state finances by better targeting billions of dollars in welfare spending as well as relieving poverty in a country where about 40 percent of the population has no access to banking. Madhya Pradesh Chief Minister Shivraj Singh Chouhan praised the initiative saying through this scheme people would be able to save their money judiciously. Under the scheme, the government will give account holders a debit card and accident insurance cover of up to 100,000 rupees. Good customers would also be eligible for an overdraft facility of up to 5,000 Indian rupees after six months. Foreign Minister Sushma Swaraj said this could help break a link between poor public services and corruption. Home Minister Rajnath Singh said this would make people financially independent. Meanwhile, Power Minister Piyush Goyal said through this scheme the poor people will be able to participate in the economic development of the country.

Aug 29, 2014

IMF List of 25 Brightest Young Economists Features 4 of Indian Origin

Raj Chetty, Gita Gopinath, Parag Pathak and Amit Seru among global economic thought leaders.

Aug 29, 2014

Tourism in Africa Taking a Big Hit Due to Ebola virus

The Ebola outbreak has stagnate the economic growth of West African countries, as they struggle to deal with the deadly contagion.

Aug 28, 2014

Telangana Govt Recommends Bharat Ratna for PV Narasimha Rao

Telangana government recommends former Prime Minister late PV Narasimha Rao for Bharat Ratna.

Aug 28, 2014

Panel on AP Capital Favours Spreading of Government Departments to Various Cities

The panel has suggested spreading of government departments to various cities, instead of centralising all government functions at one location.

Aug 28, 2014

UK Deputy PM inaugurates business centre in Bangalore to foster economic ties

Bangalore, Aug 28 (ANI): United Kingdom's Deputy Prime Minister, Nick Clegg, inaugurated a branch of UK India Business Council (UKIBC), TechHub, a non-profit organisation, in IT hub of Bangalore to foster trade relations between the two nations. Clegg is on a mission to bolster trade and strategic ties with former colony India. The newly-inaugurated TechHub is a workspace for entrepreneurs and promises to support 1,000 start-ups within the next three years. During the inaugural speech, Clegg said that Bangalore would be the future window to global endeavours in technology and business.

Aug 28, 2014