GS-III

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 …

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 …

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 …

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 …

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. …

The Indian government and WhatsApp appear to be at loggerheads over tracing the origin of fake messages. The messaging platform has said it will not comply with the government’s demand as the move will undermine the privacy of WhatsApp users. “People rely on WhatsApp for all kinds of sensitive conversations, …

Prime Minister Narendra Modi on Thursday said that “each paisa of every rupee released by his government from Delhi” now reaches its beneficiaries because his government had rooted out middlemen and corruption from the system, while taking a dig at former prime minister Rajiv Gandhi’s remark that “if one rupee …

Rail patrol men, foot soldiers and key men of track maintenance of the Indian Railways, have also gone digital. With smartphones in everyone’s hands these days, the South Central Railway (SCR) has been successfully monitoring the condition of track, overhead power lines etc., making use of a mobile app to …

India has sought renegotiation of the natural gas price it is to source through a proposed $10 billion Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline due to slump in global energy markets, a top source said. The four nations had in 2013 signed a gas sale purchase agreement (GSPA) that bench-marked the price of …

Principal Economic Adviser to the Finance Ministry Sanjeev Sanyal on Wednesday sought to allay concerns over the falling rupee against the U.S. dollar, saying India should not get too swayed by a single bilateral exchange rate. “If you take any broad based basket, you will see that the rupee is …