GS-III

CEA for balanced tapping into domestic, foreign savings

Cautions against over-reliance on foreign currency debt Chief Economic Adviser Krishnamurthy Subramanian on Friday sought to caution against a more-thannecessary reliance on foreign savings as a trigger for accelerating economic growth through more investments. “If we have to invest for triggering a virtuous cycle, we need to tap into savings… …

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Centre has no discretion in allocating disaster relief: FM

‘Contribution to States on basis of Finance panel’s formula’ The government has no discretion in deciding the quantum of support each State gets for disaster relief, Finance Minister Nirmala Sitharaman informed the Rajya Sabha, adding that the contribution is set by a formula according to the recommendations of the Finance …

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Infosys raises revenue outlook; deal wins spur Q1 revenue

Tech bellwether’s digital transformation business records 42% growth; net profit grows 5.2% to Rs. 3,802 crore Tech bellwether Infosys has posted ‘encouraging’ first quarter revenue numbers on the back of strong deal wins and robust growth in its digital transformation business. Buoyed by these, the company has revised its revenue …

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India again abstains at UN vote, draws criticism

Stand in spite of SC scrapping Sec. 377 India on Friday abstained at the vote for extending the mandate of an important UN official who reports on violence and discrimination against sexual minorities. India’s abstention at the resolution for term-renewal of the independent Expert on Sexual Orientation and Gender Identity …

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Railways cannot be privatised, says Goyal

‘But it will invite investments for new technology’ There is “no question” of privatisation of the Indian Railways, but the Railway Ministry will invite investments for new technology, lines and projects in the national interest, Railway Minister Piyush Goyal said in the Lok Sabha in response to the debate on …

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