India’s economy will grow 7.3% in the current financial year and gain pace to 7.5% next year as the “temporary drag” from demonetisation and the goods and services tax fades away, Fitch Ratings forecast.
The International Monetary Fund (IMF), and World Bank held their annual spring meetings in Washington DC last week. The issues facing emerging economies figured front and centre—even if much of the outside commentary focused on the fate of global trade.
Nearly four months after Guru Nanak Dev Thermal Plant (GNDTP) was shut down in Bathinda, power minister Gurpreet Singh Kangar on Friday gave r appointment letters to 635 contractual workers of the plant. The recruitments have been made through Punjab Ex-servicemen Coorporation (PESCO), on outsourcing basis.
If everything goes according to plan, 30 electric buses will be operated in the state capital soon under the Smart City Plan. The move is also aimed at easing traffic congestion and curbing air pollution in the city.
Iberdrola Renewables Offshore will invest 1 billion euros ($1.21 billion) in developing two offshore wind farm projects in the Baltic Sea after winning 486 megawatts (MW) of capacity in a recent auction, managing director Jonathan Cole said.
The surge in oil prices couldn’t have come at a worse time for India. Asia’s No. 3 economy faces a wider trade deficit, a worsening of stretched government finances, and slower economic growth if oil prices remain stubborn at the current level. That would challenge policy makers trying to strengthen the economy in time for elections next year.
The energy provided by sunlight in an hour is equivalent to mankind's total energy consumption for one year, but the development of devices to turn this abundant natural gift into a feasible energy source for mankind had remained a challenge.
India has been a major beneficiary of the fall in international crude oil prices over the past few years. But crude prices have been rising for some time and Brent crude has already touched a 41-month high of $75 dollar (Rs 5,000) per barrel.
Mexican state oil company Pemex returned to profit in the first quarter of the year, it reported Friday, but falling production continued to dog the firm.
This Maharashtra Day onwards, all suburban and long-distance train tickets will be printed in Marathi as well. The Centre for Railway Information System (CRIS) will launch the trilingual system, that already has Hindi and English, for all rail tickets from May 1.
Railway Minister Piyush Goyal appreciated Indian Army. In a letter written by Railway minister Piyush Goyal to the Indian Army’s Bombay Engineering Group and Centre (BEG&C) based in the city, the minister appreciated the force for constructing three Foot-over-bridges in Mumbai suburbs in three months, quoting a senior army officer on Tuesday.
If you are among the tribe that believes that artificial intelligence (AI), robotics and automation will result in replacing jobs done by humans in India, you may wonder why the Indian Railways is preparing to recruit 90,000 people in what is touted as the world’s largest recruitment drive.
With an aim to popularise Railways and help those who find it difficult to read ticket details in English or Hindi, Southern Railway has launched an initiative to print Unreserved Ticketing System (UTS) tickets in thirteen (13) regional languages.
