Thread: Indian Economy - News & Updates

India -ASEAN free trade agreement to come into force in January 2010 India and the Association of South East Asian Nations (ASEAN) have signed a trade in goods Agreement in August, which is envisaged to come into force with effect from January 2010. Union Minister of State for Trade and Commerce, Jyotiraditya Scindia informed the Lok Sabha about this on Monday. In a written reply Scindia said : "During the ASEAN-India Free Trade...

Our aim is to connect rural India and have all Panchayats connected with broadband' 'Our aim is to connect rural India and have all Panchayats connected with broadband' Leslie D'monte & Kirtika Suneja / New Delhi July 7, 2009, 12:33 IST Sachin Pilot One of the few young members of the UPA government, Sachin Pilot -- Minister of State for the Department of Information Technology (DIT) -- has taken charge of this...

India's April fiscal deficit at $11 bln: Govt 23 Jun 2009, NEW DELHI: India's fiscal deficit in April was at 541.58 billion rupees ($11 billion), or 16.3 percent of the full-year target, the government said in a statement on Tuesday. Tax receipts were at 74.62 billion rupees while expenditure were at 662.17 billion rupees for the first month of 2009/10 fiscal year.

Assembly approves trade pact with India Quote: The National Assembly yesterday ratified a comprehensive economic partnership agreement with India, opening the way to the elimination or lowering of tariffs on more than $15 billion in annual bilateral trade with Asia's third largest economy. The trade pact, which does not require ratification by India, could nearly double the volume of trade between the two sides , India's trade...

FDI inflow jumps 56% in July to $3.5bn New Delhi: Despite a global financial crisis, the FDI flow into India increased by an impressive 56% in July 2009 to $3.5 billion as against $2.6 billion in the same month last year. However, exports continue to face the heat of global recession, declining for the eleventh straight month, and slipped 19.7% to $14.3 billion in August. But it seems the government is not satisfied with its performance on...

Mukesh Ambani ranked fifth best CEO in the world Quote: Mukesh Ambani, who heads India’s most valuable company Reliance Industries, has been ranked among top five best performing CEOs in the world by the prestigious Harvard Business Review. Mr. Ambani, the only Indian to feature among top 50 CEOs, is in the same league as Steve Jobs of Apple, Yun Jong—Yong of Samsung Electronics, Russian energy firm Gazprom’s...

Quote: Originally Posted by Ruag Dude.. fossil fuels are never going to be long-term solution in the first place. Either we meet are current energy demands by shipping gas or by constructing pipelines, we need to invest on renewable sources of energy and hope that nuclear fusion power becomes feasible within the next 4 decades or so. well I am listening this crap from my school days.... and I yet to see anything like this....In oil and Gas...

India to announce National Solar Mission New Delhi: The Indian government is likely to announce that 15 per cent of its new energy capacity addition would be from renewable resources by 2020. The announcement is likely to be made ahead of the United Nations conference on climate change in Copenhagen at the year end. Government sources say the prime minister's office (PMO) is preparing a draft on a national solar mission that is likely to...

:: biz.bdnews24.com :: Renault-Nissan to launch Indian low-cost car in 2012 Tue, Nov 10th, 2009 5:06 pm BdST NEW DELHI, Nov 10, (bdnews24.com/Reuters) - Renault, Nissan Motor Co and their Indian partner will launch an ultra low-cost car in India in 2012 that will cost less than Tata Motor's Nano, the world's cheapest car. Carlos Ghosn, chief executive of both the French and Japanese car makers, said on Tuesday an agreement has been...

Tata Nano Passes European Crash Test YouTube - Tata Nano first European frontal crash test YouTube - Tata Nano first European frontal crash test Tata Motors said it was “delighted but not surprised” that its Nano subcompact passed European front- and side-impact crash tests last week. This is according to Autocar, which reports that the Nano was subjected to tests at the MIRA testing center in England: The crash tests...