Fitch Ratings expects property sales in India to fall by at least 20%-30 percent in 2017, owing to disruption caused by demonetisation and general caution on the part of buyers. Homebuilders already have high levels of unsold inventory and a
The outlook for gold monetisation is interesting. The flaws associated with the first gold monetisation scheme – most significantly the minimum deposit size – are not present in the latest iteration and there are certain structural d
When did I celebrate Republic day last time? I am thinking about it while negotiating my way through a pin bend curve and the next one created by iron barricades that the police had put up on an east Delhi road. Three of them look at me, mer
In order to promote solar energy initiatives, rural electrification corporation ltd (REC)- a Navratna PSU has extended a financial aid of Rs 14.2 crore to Indian Institute of Management, Tiruchirappalli in Tamil Nadu for installation of 2 MW solar
The growing consumption of diesel has been a matter of concern for the Indian Railways. Not only does its emission cause environmental damage, buying diesel involves huge foreign exchange outflows. To tackle these problems, the railway
“As president of the Akademi, I may tell you quite frankly I would not like the prime minister to interfere with my work.” – Jawaharlal Nehru, first president, Sahitya Akademi Nehru had made it clea
In order to extend passport services to citizens on a larger scale and to ensure wider area coverage, the ministry of external affairs (MES) and the department of posts (DOP) under the ministry of telecommunications have agreed to utilise the head
Taking suo motu cognisance of a news report of the death of over 500 tribal girls in the Maharashtra state-run ashram schools, the National Human Rights Commission (NHRC) has issued a notice to the chief secretary of the state to come up wit
As much as 69 percent of the income of six national political parties and 51 regional parties has come from unknown sources, according to a long-term data analysis carried out by the Association for Democratic Reforms (ADR). The tot
National buildings construction corporation Ltd, (NBCC) Indian Navy and NBCC Services Ltd (NSL) have inked an agreement to build a Sahara Widows Hostel at Vasant Kunj in New Delhi for Indian Navy under CSR initiative. The MOU was si
The Bharat Heavy Electricals Limited (BHEL), in association with ABB, has bagged an order from Power Grid Corporation of India Limited. BHEL’s work is valued at Rs1,360 crore for establishing a + 800 kV, 6,000 MW high voltage direct c
The union cabinet has approved a new scheme for promotion of rural housing in the country. The government would provide interest subsidy under the scheme. The interest subsidy would be available to every rural household that is not
Indian Institutes of Management will now be able to grant degrees to their students. The union cabinet chaired by prime minister Narendra Modi has approved the Indian Institute of Management (IIM) Bill, 2017, under which the IIMs woul
The Election Commission of India has directed the government not to announce any schemes for the states where elections are going to take place. The election commission wrote a letter to the cabinet secretary on Monday, making it cl
Public Private Partnership (PPP) models have been extensively employed in infrastructure sector, which include transport, energy, water, sanitation, social and commercial infrastructure. In addition, with the evolving governance structure, the n
For the first time in more than a decade we have a reasonably broad based recovery in the global economy, said Anders Borg, chair, World Economic Forum’s Global Financial System Initiative. In an article &ldq
Investment growth in emerging market and developing economies has tumbled from 10 percent in 2010 to 3.4 percent in 2015 and was below its long-term average in nearly 70 percent of emerging and developing economies in 2015, said two World Bank e
The sight of the Qutab Minar, the tallest brick minaret in the world, on a sunny winter morning is nothing less than perfection. The lush green lawns around it, the spick-and-span streets, and the hustle and bustle around this ancient monument set
In 2012, families whose loved ones were killed by security forces in Manipur decided to fight the injustice and formed the Extra-Judicial Execution Victim Families Association. They moved the supreme court against Assam Rifles, the army and Manipu
Around 30 anti-Maoist vigilantes allegedly barged into tribal welfare activist Bela Bhatia’s house on Monday morning and intimidated her. They asked her to leave Chhattisgarh in 24 hours. The incident happened days after she helped a te
