GN Bureau | September 1, 2014
In financial terms, the Narendra Modi government has completed its first quarter. At 11 minutes past 11 am today (September 1), the Bombay Stock Exchange Sensex was up 200 points at 26,837, while the NSE Nifty was up 62 points at 8,016 – both new highs.
According to latest figures released by the central statistics office, under the ministry of statistics and programme implementation, the GDP growth surged to 5.7 percent in the April-June quarter this year – the fastest pace in nearly two and half years. According to a report in Economic Times, investment activity has gathered pace and reassured consumers have begun to spend again, indicating the worst slowdown in the last decade may finally be over.
In Tokyo, meanwhile, prime minister Narendra Modi told media persons, “I think we have crossed the difficult situation that the country was facing."
While a political debate is certain to ensue, with the Congress claiming the ‘revival’ is due to the Chidambaram pill against the BJP’s claims of brining in “achchhe din” within the first 100 days of the Modi government, the question is whether the economy is finally out of the woods.
Prime minister Narendra Modi celebrated three-year of his government on May 26 by inaugurating Dhola-Sadiya bridge over the Brahmaputra river in Assam’s Tinsukia district. It is the longest bridge in India, which runs 9.15 km from end to end and connects Assam with Arunachal Pradesh.
IndianOil posted a net profit of Rs 19,106 crore for 2016-17 fiscal as compared to a profit of Rs 11,242 crore in the last fiscal. The income from operations for the financial year 2016-17 was Rs 4,45,373 crore as compared to Rs 4,06,828 crore in the previous fiscal. IndianOil`s income from
Hindustan Aeronautics Limited (HAL) carried out first flight of light utility helicopter (LUH)-PT-2 on May 22 at its Bengaluru-based facility. The flight duration was about 22 minutes and pilots reported nil snag, HAL said. “These maiden flights of indig
Narendra Modi is like Greek mythology’s King Midas: whatever he touches turns into gold. Most people in this country are left dazzled by his ability to make dramatic announcements with a statuesque flourish. The past three years of the Modi government have left the
Bharat Heavy Electricals Limited (BHEL) has added another feather to its cap by successfully commissioning another 270 MW thermal unit at RattanIndia Nasik Power Limited’s 5x270 MW thermal power project at Sinnar (Nasik) in Maharashtra. This is the fourth unit to be c
Chaudhary Birender Singh, minister for steel, said that the Indian steel industry is at the cusp of a significant milestone by becoming the second largest stainless steel producer in the world, leaving behind Japan. He said that the steel sector is only an example of all-round development in India. The c