Search Results for: Ministry of Labour and Employment

india-in-sweet-spot-to-achieve-sustainable-double-digit-growth-economic-adviser

India in sweet spot to achieve sustainable double-digit growth: Economic Adviser

New Delhi, Feb 28 (ANI): Chief Economic Adviser at the finance ministry, Arvind Subramanian, on Friday (February 27) said that India was in a sweet spot to achieve sustainable double-digit growth and the country was a recovering economy. The Economic Survey, the basis for Jaitley's budget for the fiscal year starting April 1, forecast growth of 8.1 percent to 8.5 percent under new calculations that make India the world's most dynamic big economy. The forecast marks an acceleration from growth of 7.4 percent in the current fiscal year. Other indicators of India's economy are not as rosy as Gross Domestic Product (GDP) data suggests. Earnings of the country's top 100 companies shrank by 6 percent in the last quarter, private investment and consumer demand are weak and merchandise exports are falling. Feb 28, 2015
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India's traditional industries seek special grant in annual budget

Kochi, Feb 27 (ANI): In a hope to stabilize India's drooping traditional industries like handloom, handicrafts, coir, cashew and beedi, industry experts are looking forward to the Narendra Modi government undertaking special measures in its annual budget for the fiscal year 2015-16 to be presented on Saturday. The traditional industries are mainly labour intensive and rely on skills that are passed on from one generation to another. The workforce of these industries mainly includes tribal people who remain deprived of their basic necessities even after 68 years of India's Independence. He added that a special grant from the central government would benefit millions of people involved in the industry like, raw material collectors, cutters, makers, distributors. Feb 27, 2015
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Corporate Espionage Case: Delhi court sends two more accused to custodial interrogation

New Delhi, Feb 27 (ANI): A Delhi court sent two more people, arrested on suspicion of running a scam to steal documents from petroleum ministry to sell to energy consultants and private companies, to custodial interrogation. The two accused, identified as Jitender Nagpal and Vipan Kumar, were arrested by Delhi police on Wednesday for allegedly leaking confidential documents. Delhi Police Commissioner BS Bassi said that they were trying to gather as much evidence on the basis of information provided by the two accused. Feb 27, 2015
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Rail budget not on basis of political differences but on requirements & needs of Railways: Manoj Sin

New Delhi, Feb 26 (ANI): Talking about the Rail Budget 2015-16, Minister of State for Railways, Manoj Sinha said on Thursday that the budget is not made on the basis of political differences or preferences. He said that the budget is directed towards the needs and requirements of the Railways. He also said that the ministry has given special emphasis to cleanliness and women safety among other things. Feb 26, 2015
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