Oil prices are closely aligned with the Narendra Modi government’s fiscal fortunes. When PM Modi was sworn in late May 2014, the price of the Indian basket of crude oilBSE 0.52 % was around $108 per barrel.
It could be two ratings upgrades in two weeks for India. According to sources in the government, the global ratings agency Standard & Poor’s (S&P) will revise India’s sovereign ratings on Friday.
The spike in crude oil prices may have changed the fiscal equation for the Modi government and causing some headache to the Reserve Bank of India (RBI).
The last three years under the Modi government have seen the transformation of the environment from being a field of relative stability and inactivity, to functioning as an active instrument of capital accumulation.
Affordable housing is not just about providing homes to the lower-income strata of society, though that is what the Modi government’s avowed intention behind the ‘Housing for All by 2022’ doubtlessly is.
Three Years of Modi Government, Attaining Freedom from Coal Shortages With Transparent Mineral Auctions
From the era of experiencing major coal shortages, India presently boasts of surplus coal as production of coal increased to 554 million tonnes in 2016-17 from 462 million tonnes in 2013-14.
he Modi government’s key renewable energy initiative — International Solar Alliance (ISA) — on Monday received boost when Djibouti, Comoros, Cote d’Ivoire, Somalia and Ghana signed the ISA framework agreement on the sidelines of African Development Bank (AfDB) meeting in Gandhinagar — aimed a boosting Indo-African ties.
India’s power sector that was marred by continuous shortages and lack of quality and steady supplies to homes and factories has seen an unprecedented turnaround in the past three years.
All Union ministers have been asked to highlight achievements of their respective departments as part of the massive outreach programmes being planned by the Modi government ahead of its third anniversary on May 26
Come May 1, five cities across India — one in every region including Chandigarh in Northern region, Jamshedpur in Eastern region, Udaipur in West and Vizag in Southern region besides Puducherry will start selling petrol and diesel on a daily dynamic pricing model.