Indian Economy-News & Updates

[Ryuzaki]

Power output growth doubles to 9.5% in 2016

http://economictimes.indiatimes.com...ubles-to-9-5-in-2016/articleshow/53043613.cms

 

[Nilgiri]

Power output growth doubles to 9.5% in 2016

http://economictimes.indiatimes.com...ubles-to-9-5-in-2016/articleshow/53043613.cms

So thats about 12.7% increase in gen capacity and 9.5% in actual power output.

Hopefully in coming years power output increase will get even closer to capacity increase.

 

[proud_indian]

 

[kadamba-warrior]

So thats about 12.7% increase in gen capacity and 9.5% in actual power output.

Hopefully in coming years power output increase will get even closer to capacity increase.

I think it would be unwise to move Piyush Goyal to another ministry now since the job is only half done and a lot needs to be done. I am not sure if any new minister in his place can keep up with the rate of progress in a ministry as crucial as Power.

 

[fsayed]

Take a look at @friendscongress's Tweet:

https://twitter.com/x/status/750004508449710081

Take a look at @bsindia's Tweet:

https://twitter.com/x/status/749942094454632448

 

[Grevion]

Take a look at @friendscongress's Tweet:

https://twitter.com/x/status/750004508449710081

Take a look at @bsindia's Tweet:

https://twitter.com/x/status/749942094454632448

Yeah I saw his interview on India Today. It was an interview on 25 years since the 1991 reforms. He did said some sane things though.

 

[Nilgiri]

Hope Nirmala Sitharaman and Smriti Irani are on the ball and push the textiles tarriff issue strongly:

http://www.bbc.com/news/business-36740101

UK starts post-Brexit India trade talks

 

[Nilgiri]

India Inc reaps gains from higher infra spend: Deutsche Bank

Deutsche Bank said increasing infrastructure spending through revival of targeted public spends has been an important part of the government's economic strategy. Though there was an initial scepticism on the success of this strategy, the progress — particularly in the power, coal, road, and railways sectors — is now becoming visible, and has also started showing tangible results.

Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst

 

[Ryuzaki]

Government's tax kitty swells to Rs 3.24 lakh crore in April-June

NEW DELHI: Direct tax collection increased 24.8% in the April-June quarter while indirect tax collection was up 30.8% compared to that a year ago, data released by the government on Friday showed.

Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst

 

[Nilgiri]

Government preparing action plan to attract more FDI in dairy sector

NEW DELHI: Aiming to double farmers' income in the next five years, the Centre is chalking out a national action plan to attract more foreign investment in the dairy sector.

Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst

@Kashmiri Pandit

 

[ranjeet]

Good news for Agri sector.

 

[CorporateAffairs]

NaMo says 8% growth should be the target.

 

[Kashmiri Pandit]

Government preparing action plan to attract more FDI in dairy sector

NEW DELHI: Aiming to double farmers' income in the next five years, the Centre is chalking out a national action plan to attract more foreign investment in the dairy sector.

Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst

@Kashmiri Pandit

 

[fsayed]

http://m.economictimes.com/markets/...sectors-is-a-mistake/articleshow/53148634.cms

Shankar Sharma believes long before Narendra Modi, Manmohan Singh and PV Narasimha Rao, it was Jawaharlal Nehru who did a much better job than his successors

 

[Raul_AD]

Nirma to Buy Lafarge Cement.

http://www.business-standard.com/ar...nirma-ltd-for-1-4-billion-116071100198_1.html

LafargeHolcim has agreed to sell its Lafarge India business to Nirma Ltd for an enterprise value of around $1.4 billion, the world's biggest cement maker said on Monday.

"This agreement is an important step in our 3.5 billion Swiss franc ($3.56 billion) divestment programme," LafargeHolcim Chief Executive Eric Olsen said in a statement.

"With this deal, two-thirds of the programme has been secured and the remainder of the program is well on track. We are confident that we will meet our target by the end of this year," the statement added.

The deal, the proceeds of which will be used to pay down LafargeHolcim's debt, is subject to approval by the Competition Commission of India.