Other Briefings
Fears Grow Over Preparations for Commonwealth Games
Sept. 22 – The Commonwealth Games Federation President Michael Fennell has been quoted in The Times of India as saying that he would seek Prime Minister Manmohan Singh’s intervention to try and save the Games from becoming a fiasco. Fennell sent a letter to the executive board of the organizing committee saying that the event […]
ADB Raises India’s Growth Forecast to 6 Percent
Sept. 22 – The Asian Development Bank (ADB) has changed its growth forecast for India to 6 percent from 5 percent in March on the strength of the country’s stimulus measures and monetary policies. The bank also predicts that India’s economy will expand by seven percent next year. “The government’s strong fiscal stimulus, complementing the […]
Navi Mumbai SEZ Petitions for Relaxed Investment Norms
Sept. 21 – The Navi Mumbai special economic zone (SEZ) is requesting that the government ease contiguous requirements for the zone to be able to issue approval letters to interested investors. The proposal is pending approval by the board of approval (BoA) which handles SEZ proposals and related activities.“The developer has also come up with […]
Rangarajan Predicts 8 Percent Growth for 2010
Sept. 18 – The chairman of the Indian Prime Minister’s Economic Advisory Council, Dr. C. Rangarajan, was quoted as saying by The Hindu that the Indian economy would show signs of recovery from the second half of the current financial year although a return to nine percent growth of 2007-08 was unlikely in the near-term. […]
New Tariff Rules Announced for Renewable Energy Industry
Sept. 18 – India’s Central Electricity Regulatory Commission (CERC) has announced a new tariff regime aimed at encouraging more investment in the renewable energy sector. The new tariff regime will offer 19 percent pre-tax return on investment in new projects for the first 10 years and 23 percent in the subsequent period says The Economic […]
Foreign Investment in Construction Shoots Up by 422 Percent
Sept. 17- Foreign institutional investors (FII) are betting large on India’s construction sector with the market capitalization of FII investment soaring by 422 percent in the past six months. According to The Financial Express, the market cap of FII investment in infrastructure and heavy engineering has also increased largely due to higher government spending and […]
India’s Ambassador to China Calls for ‘Win-Win Situations’
Sept. 17 – India’s ambassador to China, S. Jaishankar, gave a hopeful speech at a seminar organized by the China Council for Promotion of International Trade and the Federation of India Chambers of Commerce & Industry (FICCI) on Tuesday. Ambassador Jaishankar discussed the intense and deliberate transformation of ties between India and China. Trade has […]
Indian Domestic Air Traffic Up 26% in August
Sept. 15 – Over 3.6 million passengers took to the skies across India last month in a 26 percent increase from the same period last year. According to the Times of India, this is the first time in 12 months that double digit growth has been recorded as all preceding months had seen decreases in […]
