Indian Economy-News & Updates

[luckych]

India: Hyderabad to host World IT Congress in 2018

Hyderabad will play host to the World Information Technology Congress (WITC), the biggest event of its kind, in 2018. Telangana Chief Minister K Chandrasekhar Rao said on Friday that the city was going to be host of many more such events in the near future.

India: Hyderabad to host World IT Congress in 2018 | GulfNews.com

 

[Echo_419]

Highway sector is improving at a really fast pace
All new national highways to be made of concrete: Nitin Gadkari - The Economic Times

 

[Juggernautjatt]

Delhi to have nation’s first smart city: Naidu
Tribune News Service
New Delhi, January 3
Union Urban Development Minister M Venkaiah Naidu today said Delhi would have the country’s first smart city, which would decongest the capital and facilitate it with all modern amenities “We want to make Delhi a truly global city, having all latest and modern amenities and facilities that any other global city such as London or San Francisco has. We want to have world-class entertainment venues such as Disneyland or Universal Studios here,” Naidu said. Outlining the plan of a smart city in Delhi, the minister said the smart city would be a sub-city to be spread over 20-24 hectare and it would be equipped with latest and waste-management techniques. The land for the smart city will be carved out of Dwarka, Rohini and Narela areas. He said the smart city would have a world-class infrastructure, 24-hour power supply, complete wi-fi connectivity. It would employ green technology and latest water conservation techniques such as rain-harvesting and waste management techniques, among other facilities. The Centre had planned to set up 100 smart cities in the country. Talking to media at a Delhi Development Authority (DDA) function, Naidu said, “Delhi is the heart of India and the first smart city would come up here. The city of Barcelona in Spain has also promised technological support to us in our effort in this direction.” He said, “I saw the city of Barcelona, and apart from modern buildings, they have also preserved their old architecture. We also want to preserve our traditional architecture that India is so richly endowed with, even as we embrace modernity.” He said the focus would be to build global educational and health institutes and entertainment facilities.
Delhi to have nation’s first smart city: Naidu

 

[Echo_419]

Petrol, diesel excise duty hike to raise Rs 10,500 crore a year for highways - Economic Times

Low Oil prices are certainly helping the Highway sector

 

[Juggernautjatt]

Petrol, diesel excise duty hike to raise Rs 10,500 crore a year for highways - Economic Times

Low Oil prices are certainly helping the Highway sector

Yeah but these highways built with fuel excise should be toll free. There shouldn't be different taxes for driving on a particular highway.

 

[Echo_419]

Yeah but these highways built with fuel excise should be toll free. There shouldn't be different taxes for driving on a particular highway.

I think they would be since they are being built govt money & not pvt money

 

[Juggernautjatt]

I was waiting for some fall to enter in stocks but that was huge, biggest fall in 5 years.
Why Sensex Crashed 900 Points, its Biggest Fall in Over 5 Years - NDTVProfit.com

 

[IndoCarib]

Modi government clears FDI proposals worth Rs 1,827.24 crore - The Economic Times

 

[Indo-guy]

India will be a bright spot in mediocre economic environment: World Bank chief


World Bank President Jim Yong Kim called Prime Minister Narendra Modi a "visionary leader" during his address at the Vibrant Gujarat Summit today.
"India is on the cusp of major progress in reducing the number of people living in major poverty. India should be the leader in eliminating poverty; its a radical and unique opportunity over the next decade.I am excited to work with India on renewal power. India has potential to be leader in solar energy," he said.
"We predict India will be a bright spot in an otherwise mediocre economic environment,"

 

[JanjaWeed]

U.S. Solar Firm Commits $4 Billion And 5 Gigawatts Of Solar In Major Deals With India

 

[IndoCarib]

Rajan finally relents. Must have succumbed to Jaitley's pressure.

India Surprises Market With a Rate Cut - WSJ

 

[Echo_419]

WEF 2015: General Electric proposes to invest Rs 3,000 crore in Maharashtra - The Economic Times

India-China border: Now, faster green nod for roads, infrastructure - The Economic Times

Nitin Gadkari lays foundation stone for road projects worth Rs 3,300 crore - The Economic Times

 

[bhagat]

 

[luckych]

Samsung invests Rs517 crore in Noida plant - Livemint

: Samsung Electronics Co. Ltd has invested Rs.517 crore towards the expansion of its Noida manufacturing plant under the Uttar Pradesh Mega Policy, the company said on Tuesday.

The South Korean company, has completed 20 years in India, where it has three research labs and two manufacturing plants with a total of 45,000 employees.

Read more at: http://www.livemint.com/Companies/buznAqs5AqJRPwGCqFoovK/Samsung-invests-Rs517-crore-on-Noida-plant.html?utm_source=copy

 

[IndoCarib]

India unseats China at top of consumer survey: Report - Livemint

Mumbai: Belief that India’s new government will provide a stable policy regime, the ensuing optimism among consumers, and the slowdown in China have combined to help India unseat China at the top of Credit Suisse Research Institute’s Emerging Consumer Survey study released on Wednesday.