The Indian economy is expected to grow by about 7.5% in 2018 and 2019 as it is largely resilient to external pressures like those from higher oil prices, Moody’s Investors Service said. In its Global Macro Outlook for 2018-19, Moody’s said the run-up in energy prices over the last few …
Read More »Daily Archives: August 24, 2018
NSC seeks comment on GDP back series
The National Statistical Commission (NSC) has sought public comments on a panel report which showed that the economy grew at the fastest pace under the Congress rule, amid a political row over the growth numbers. The report of the panel, constituted by the NSC, was made public last week. ‘Unofficial …
Read More »‘Cybersecurity budgets of Indian firms have tripled’
Indian companies are investing more on securing their data rather than pumping money into technology as they try to build comprehensive solutions to prevent hackers from attacking their networks, said Sanjai Gangadharan, regional director SAARC, at U.S. cybersecurity firm A10 Networks. “IT budgets are shrinking and security budgets are going …
Read More »‘Odisha aims to be hub of east with port-led manufacturing’
Odisha aims to leverage its ports as part of a push to develop the State as a manufacturing hub in eastern India that could serve the larger South Asian regional market, according to Chief Minister Naveen Patnaik. “Odisha is fast emerging as the manufacturing hub of eastern India and we …
Read More »Can Imran bring Pak. in from the diplomatic cold?
Tensions with Afghanistan, faltering relations with the U.S., and chronically poor ties with India. Pakistan today stands isolated, observers say, and bringing it back into the fold is a formidable task for its new premier Imran Khan. “We have a very big foreign policy challenge right now. If there is …
Read More »‘Deeply concerned by Gayoom’s failing health’
The Joint Opposition in the Maldives, a political grouping challenging President Abdulla Yameen, has expressed deep concern over reports of former President Maumoon Abdul Gayoom’s “rapidly deteriorating” health in prison. It has sought the international community’s help in pressuring the Government of Maldives to shift Mr. Gayoon, 80, at his …
Read More »U.S., China swap tariffs on billions in commodities
The U.S. slapped steep tariffs on another $16 billion in Chinese goods on Thursday, triggering a swift tit-for-tat retaliation from Beijing, even as negotiators from both sides seek to soothe trade tensions. The latest action completes the first round of $50 billion in Chinese products that President Donald Trump had …
Read More »Govt allows oxytocin sale through private chemists
Setting aside its ban on the sale of oxytocin, the Health Ministry has allowed private retail stores to sell the life-saving hormone from September 1, an official said on Thursday. State-owned Karnataka Antibiotics Pvt Ltd will be the only company to manufacture and distribute oxytocin in India from September 1. …
Read More »Tandon sworn in as Bihar Governor
Senior BJP leader from Uttar Pradesh Lalji Tandon was sworn in as Bihar Governor on Thursday. He replaced Satya Pal Malik, who was appointed Governor of Jammu and Kashmir on August 21. Mr. Tandon was administered oath of office by Patna High Court Chief Justice Mukesh Rasik Bhai Shah. Bihar …
Read More »Sikkim’s casinos wait for flights, and soaring revenues
Like in most towns of northeast India, dusk descends quickly in Gangtok. As shops start winding up, the only places that continue to buzz with activity are three casinos, located within 10 km of Sikkim’s capital city. Sherap Lepcha, general manager of Casino Mahjong, is busy overseeing the casino which, …
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