Other Briefings
Garment Exports Drop 17 Percent in October
Dec. 15 – India’s apparel exports declined by 17 percent in October as it lost market share to China, Vietnam and Bangladesh due to the higher cost of fabrics in the local market. Indian apparel exports reach US$603 million in October with exporters complaining of higher cotton prices that has inevitably hiked the cost of […]
Bugatti Supercar to Launch in India
Dec. 15 – Volkswagen will soon launch the legendary French car Bugatti in India, probably the fastest and most expensive car to be released in the country. The Bugatti Veyron, which can reach speeds of more than 400 kilometers per hour, will cost between US$1.2 million and US$2.5 million when it hits the Indian roads.
Andhra Pradesh Government Assembly Adjourned, MP Arrested
Dec. 14 – The Andhra Pradesh assembly in Hyderabad was adjourned indefinitely or sine die following pandemonium after it began for the day’s proceedings this morning amidst chaos and slogan shouting by local MP’s favoring a unified Andhra Pradesh. Congress MP for Vijayawada, L. Rajagopal was arrested at the Hyderabad airport after he landed to […]
Rioting in Andhra Pradesh as State Division Issue Escalates
Dec. 14 – Tensions remained high in the coastal regions of Andhra Pradesh and in the capital city of Hyderabad, as the government’s announcement on initiating the process for division of the state was met with violence and uncertainty. The Hindu reports that students of Sri Krishnadevaraya University went on the rampage in Anantapur town, […]
Confusion Over Formation of Telangana State
Dec. 14 – The Indian government’s decision to form a new state of Telangana is causing confusion in Andhra Pradesh as the proclamation is seen as an agreement to divide a new area from the state. Home Minister P. Chidambaram issued a statement last week confirming that the mechanism for forming the new state was […]
SEZs Post US$ 19.27 Billion Exports for January-June
Dec. 11 – India’s special economic zones (SEZs) numbering 101 posted US$ 19.27 billion worth of exports for the first six months of the year. Commerce Minister, Anand Sharma, said during question hour in the Rajya Sabha: “The SEZs recorded exports of US$ 21.41 billion last (calendar) year. In the first six months of this […]
India Successfully Decodes Human Genome
Dec. 10 – India has successfully decoded the human genome locally making it part of the only six countries in the world to do so. Other countries who have been able to accomplish the feat are the United States, United Kingdom, China, Canada and South Korea. India’s Council of Scientific and Industrial Research (CSIR) says […]
India to Drop Re1, Rs2 Notes from Circulation
Dec. 9 – India will soon drop Rs1 and Rs2 notes from circulation to be replaced with coins citing high printing costs and short lifespan of the latter. “The Reserve Bank has informed that in view of the short life span of the lower denominations notes of Re1, Rs2, and Rs5 and the high cost […]
