india news

New car sales jump 7% in November, but SIAM sees bad months ahead

by Paul Joseph December 9, 2011 Featured

Indian auto market witnessed an increase of 7 per cent in new car sales in November, figures released by the Society of Indian Automobile Manufacturers (SIAM) revealed. According to SIAM, car manufacturers sold a total of 1, 71,131 units during November this year as compared with 1, 59,939 in the corresponding period of last year. The industry body said that the increase was due to higher demand and a lower base in November last year. read more

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Telecom Minister to Introduce ‘One Nation, Free Roaming’

by Paul Joseph October 10, 2011 Featured

While introducing the Draft New Telecom Policy, Telecom Minister Kapil Sibal claimed that the draft National Telecom Policy 2011 aims broadband on demand and also increasing `teledensity’ to significant level around 60% and then 100% by 2017 and 2020, respectively. Simultaneously the revealed proposal also insists ‘one nation, one license’ structure for Indian. Besides this, the minister has also ensured to introduce a campaign to support ‘one nation, free roaming’ as well as ‘one nation, full number portability’ for users as an attempt to offer best standard of services. read more

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Food Inflation Continues to Inflate

by Paul Joseph October 7, 2011 Featured

While commenting on the accelerated Food inflation, the Finance Minister, Pranab Mukherjee, has raised major concerns over the issue and claimed that the government is organizing frequent meetings with the Reserve Bank of India as an attempt to decline the inflation rates to maximum possible level. “Inflation is definitely a matter of concern. We shall have to see how to bring it down to a moderate level. I am constantly in touch with the RBI and other experts in this area”, Mr. Mukherjee added further. read more

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Sheila Dixit Faces Allegation on Spending Extra 31 Crore During CWG 2010

by Paul Joseph August 3, 2011 Featured

Not only has the leaked report of Comptroller and Auditor General (CAG) blamed Delhi Chief Minister Sheila Dixit, for extra spending 31 crore on street lighting, in the Common Wealth Games 2010, but the Prime Minister appointed committee- the Shunglu Committee has also held her for that. Sheila Dixit is held responsible for Rs. 31 crore street lighting, which she chose to use during the games. The price of a single light ranged from Rs. 25,000 to 32,000 each, which was far more expensive when a fair price is computed. read more

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IIP Slowed Further In May

by Paul Joseph July 13, 2011 Featured

India’s Industrial production’s pace slowed down from 6.3% in April to 5.6 % in May. According to official data released on Tuesday, The reason behind the falling growth is slowed growth in manufacturing sector. IIP (Index of Industrial production) in May 2010 was at 8.5%. read more

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Govt may discuss easing curbs on sugar soon

by Paul Joseph July 4, 2011 Featured

Farm Minister Sharad Pawar has announced that a meeting will be scheduled in next 8-10 days which will discuss to ease the controls on sugar sector as domestic production of the sugar is rising and local prices of the sweetener is falling, reported by The Economic Times. While attending the sugar industry meet in the western city of Pune, Pawar was found saying that only sugar industry has been left with restrictions and there is an immediate need to take some steps as thinking process has started and now is the time to take some realistic decisions. read more

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26 judgments, one supreme court, one day

by Paul Joseph July 4, 2011 Featured

Today is the judgment time for Supreme Court to handle as many as 26 cases on the first day of its reopening after 49 days of summer vacation. A bench comprises of justices V Raveendran and A K Patnaik will deliver around 10 judgments and five judgments will be delivered by bench of justices Mukundkam Sharma and A R Dave. read more

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Monsoon arrives in Kerala, 3 days before the expected date

by Paul Joseph May 30, 2011 Featured

The Indian Metrological Department announced on Sunday that monsoon had arrived in Kerala 3 days in advance of the onset date of June 1. Monsoon has signaled its arrival by showering on Kerala, Lakshadweep, south Tamil Nadu and the Andaman and Nicobar Islands from past 24 hours. read more

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India wants emerging markets candidate for IMF top job

by Paul Joseph May 25, 2011 Featured

As Mr. Arvind Virmani, India’s delegate in IMF and the Executive Director at IMF is supposed to be the next Chief of IMF, India can flaunt a contender from the budding economy of the world. Virmani is expected to work towards bringing a harmony for an up-coming market candidate despite Christine Lagarde, the Finance Minister of France had been decided as the most suitable for this highest cadre of job. read more

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ED uncovers Hasan Ali’s links to Russian billionaire

by Paul Joseph May 7, 2011 Featured

Suleiman Kerimov, a Russian billionaire as well as one of the richest persons on earth, is at present being investigated by the enforcement directorate (ED) due to his business associations with money launderer Hasan Ali Khan. According to the charge sheet given by the ED to a special court yesterday, Khan along with his advisor Kashinath Tapuria had gone all the way from Zurich to London in a private jet belonging to the oil tycoon. read more

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