Macro Economy 18 Jun 2016 by Tojo Jose

Raghuram Rajan: The Gladiator returns to Chicago

Raghuram Rajan: The Gladiator returns to Chicago

The Teacher who became a Governor; decides to return to Chicago. After rescuing India from ‘Fragile Five’ and helping to become the Bright Spot, Raghuram Rajan declared his intention to exit as the Governor of the RBI. India’s most popular and perhaps glamorous central bankers in history, Rajan intimated his staff at RBI that he is not taking a second term. The 23rd governor of the RBI, who took charge three years ago when rupee was sliding, opened his mind that he is returning to Chicago University as teacher. Chicago University is the mecca of monetary economics and is a laboratory for economic policy. Rajan might be aiming more satisfaction as a teacher tha

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Infrastructure 16 Jun 2016 by Tojo Jose

New Aviation policy opens up competition- more players can fly overseas

New Aviation policy opens up competition- more players can fly overseas

The new aviation policy brought by the government introduces liberalization on multiple fronts and opens up fresh competition. Any domestic company can be eligible for overseas flight license when they acquire 20 aircrafts or 20 percent capacity compared to a wait of five years after starting domestic flight. New simplified regulation brings Vistara and AirAsia India as eligible for making international flights. Another step is an open sky policy on the international front. For SAARC Countries and for those locations which has a distance of above 5000km, integrational flights can be made on reciprocal basis. Reciprocal arrangement implies foreign airlines can make flights to Indi

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Infrastructure 09 Jun 2016 by Tojo Jose

The Westinghouse deal is a big political and economic gain for India

The Westinghouse deal is a big political and economic gain for India

The US based Westinghouse’s announcement to build six reactors in India is a breakthrough in its relationship with the US as well as the country’s effort to produce bulk energy without depending on fossil fuels. It is especially significant as India is not a signatory of the Non Proliferation Treaty. Westinghouse has finalized a deal to build six reactors in Andhra Pradesh, eight years after India and the US signed a historic civil nuclear deal in 2008. The deal brings two interesting plus points for India. Firstly, for the first time, the US is engaging in nuclear cooperation with India. The US being a historical opponent of India’s interest during the cold war

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Infrastructure 05 Jun 2016 by Tojo Jose

India is now an electricity surplus country -says CEC Report

India is now an electricity surplus country -says CEC Report

For the first time in history, India is going to experience power surplus as per the Central Electricity Commission report. The CEC’s Load Generation Balance Report 2016-17 says that the country is likely to experience the energy surplus of 1.1% and peak surplus of 3.1%. According to the report, almost half of the states would be either surplus or balanced, and the remaining states would face both peaking and energy shortages in varying degrees during 2016-17. In the case of deficit states, the real shortage depends upon its drawings from other states. Electricity transmission infrastructure has gone up during the last year with the commissioning of 28,114 circuit-km of tra

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Infrastructure 03 Jun 2016 by Tojo Jose

India is the new hot bud for innovation; Bangalore emerges as the fifth best city

India is the new hot bud for innovation; Bangalore emerges as the fifth best city

According to French consulting cum software giant Capgemini’s report about world innovation hubs, India has emerged as the fifth largest innovation country in terms of number of innovation centers. Bangalore has emerged as the fifth largest innovation hub in the world. Bangalore has made a big jump as it breaks into to top ten of the league with into the fifth position. Innovation hubs that rank above Bangalore are Silicon Valley, London, Paris and Singapore. Along with Bangalore, the US city of Boston also entered into the top ten as a new face. Bangalore has pushed down its Asian rival Shanghai into seventh. Capgemini ranks cities in accordance with corporate’s inno

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Macro Economy 31 May 2016 by Tojo Jose

GDP growth rate moves up to a cheerful 7.9% in the fourth quarter

GDP growth rate moves up to a cheerful 7.9% in the fourth quarter

 India has produced cheers in the fast slowing global economy with a 7.9% growth in GDP in the fourth quarter of 2015-16. As per the revised estimate, yearly growth also improved to 7.6% over the 7.2% recorded in the previous year. The new growth rate trend reassures the tag of the fastest growing economy to India. New figures also indicate the widening performance gap between India and China. Chinese economic growth was 6.7% during the first quarter of this year.                       Resurgence in growth performance may bring additional pressure on the government to ma

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Infrastructure 26 May 2016 by Tojo Jose

Government frames new capital goods policy

Government frames new capital goods policy

The Cabinet has approved a capital goods policy, with a vision to reduce reliance on imported machineries and to create millions of jobs. The policy targets to meet domestic requirements from 60% to 80% and thus to become a net exporter. Production of capital goods will be increased to Rs 7.5 lakh crore by 2025 from the present Rs 2.3 lakh crores.                 Cabinet’s initial framework about the policy also targets for the restructuring especially financial restructuring of the major PSES and establishment of new IITs.              &nb

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Infrastructure 14 Apr 2016 by Tojo Jose

Government planning to construct eight more major ports to the existing twelve

Government planning to construct eight more major ports to the existing twelve

  Union Shipping and Ports Minister Nitin Gadkari indicated that existing 12 ports are not enough to meet the development requirements of the country and hence eight more ports are to be constructed in the future. Speaking at the Maritime summit at Mumbai, Mr Gadkari clarified that the eight includes the already announced three ports. At present, Wadhwan in Maharashtra, Sagar in West Bengal and Colachel in Tamil Nadu are about to enter the construction stage. These three ports need an investment of Rs 25000 crore. In recent times, the private sector has marched ahead of the public sector in establishing port facilities. Gautam Adani’s Mundra Port and SEZ has achieved

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Sectors 04 Apr 2016 by Tojo Jose

India is the sixth largest industrial country; China pushes US to become the largest

India is the sixth largest industrial country; China pushes US to become the largest

The UNIDO’s (United Nations Industrial Development Organization) industrial statistics 2016 says that India has climbed up three positions to become the sixth largest industrial country in the world during 2015. India was in the ninth position in the previous year. As per the new ranking, China is the largest industrial producer, topping the manufacturing value added (MVA) list pushing the US to the second position for the first time. UNIDO is the international policy research institution on industrial sector, bringing global developments in the sector. Its Industrial Development Report usually makes a comprehensive coverage of manufacturing sector development in the world.

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Infrastructure 23 Mar 2016 by Tojo Jose

Government ratifies UAE’s $ 75 bn investment plan in infrastructure

Government ratifies UAE’s $ 75 bn investment plan in infrastructure

The government has ratified a big ticket investment participation by UAE in India’s infrastructure sector. According to reports, the Cabinet has given green signal to the MoU signed between the two countries in February this year. The UAE investment arrangement is known as UAE- India Infrastructure Investment Fund, was proposed during the visit of the PM to UAE in August 2015. It was proposed for expansion of railways, ports, roads, airports and industrial corridors and parks. If implemented, UAE will become the second largest investing country in India’s infrastructure sector after Japan. Main focus of the UAE investment is to add money to the new born National Infr

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