 |
Indian Railways have carried 704.75 million tonnes of revenue earning freight traffic during April-December 2011. The freight carried shows an increase of 31.44 million tonnes over the freight traffic of 673.31 million tonnes actually carried during the corresponding period last year, registering an increase of 4.67 per cent. During the month of December 2011, the revenue earning freight traffic carried [...]
On 20th December, 2011, Moody`s Investor Services released a credit rating update for India. It upgraded the rating on long-term government bonds denominated in domestic currency from Bal to Baa3 (from speculative to investment grade). The long-term country ceiling on the foreign currency bank deposits was also upgraded from Bal to Baa3 (from speculative to investment grade). Apart from this, [...]
London-based entrepreneur Lord Karan Bilimoria says India, his country of birth, is “making giant strides” and can be a beacon of globalisation in a time of global economic turmoil. He plans to expand his Cobra brand across India, particularly in “happening” Bihar, and believes the country will one day be the world’s second largest beer market. “As the West now [...]
India’s “growth story is intact” and the goverment would target more than eight percent growth in the next financial year on the back of easing inflation and rate cuts by the central bank that would stimulate private investment and demand, says Minister of State for Finance Namo Narain Meena. “Our growth target for the next financial year will be eight [...]
“The global financial crisis and the current international economic environment has brought into focus significant challenges for governments across the world. India has also been impacted and continues to face challenges on several fronts. Yet, India has done well in maintaining the growth momentum in what have been uncertain and difficult times. More importantly, India has taken important steps in [...]
Doing online banking frequently? Beware, as cyber-criminals have launched a new malwarethat not just steals your money from your bank, but also offers false reassurance that it’s still there, experts have warned. The attack, a new version of trojan horse SpyEyesoftware that targets computers using Windows, has been detected in the US and the UK. According to Trusteer, a security company which detected the attack, the [...]
The Union Finance Minister, Shri Pranab Mukherjee has emphasized on the need for developing new instruments, like credit enhancement for providing increased financing for infrastructure projects in the country. The Finance Ministerwas speaking after launching the Pilot transaction under Credit Enhancement Scheme, a major initiative of Indian Infrastructure Finance Company Limited (IIFCL) here today. The Finance Minister Shri Mukherjee said [...]
At the evening of year 2011,its hard to say whether the whole year should be considered splendid or squalor,but reasons are yet ample to redeem few harshness and rising to normalcy.Ofcourse, there we will found the best way for humanity; I am not over cheering but also not less than sanguine for new year…be sure,many thing will be up to [...]
Shri Anand Sharma, the Union Minister for Commerce, Industry & Textile met with Dr. Tawfiq Bin Fawzan Al-Rabiah, Minister of Commerce & Industry, Saudi Arabia, here today. During the meeting Shri Sharma stated that, “The Economic ties between India and Saudi Arabia would constitute a very solid foundation for the development of Strategic Partnership. While the trade ties at present [...]
As per the latest estimates, the public and private investment (Gross Capital Formation- GCF) in Agriculture and Allied Sectors (Agriculture including livestock, forestry & logging and fishing) has been growing steadily during the recent years. The total investment in the Agriculture and Allied Sectors has increased from Rs.90710 crore in 2006-07 to Rs.133377 crore in 2009-10. Similarly, public investment has increased from Rs. 22987 [...]
India’s external debt climbed 6.6 percent to $326.6 billion by September-end from $306 billion at the beginning of the current financial year on account of a sharp increase in commercial borrowings, export credits and short-term debts, official data showed Friday. Short-term debt accounted for 21.9 percent of the country’s total external debt by the end of the second quarter of [...]
Total employment in industries in India in terms of number of persons engaged rose by 4.1 percent while salary grew by 13.6 percent in 2009-10 year-on-year, official data showed Friday. Among all the industries, food products generated the highest employment of 12.5 percent followed by textiles 11.7 percent, basic metals 7.6 percent, wearing apparel 7.3 percent and other non-metallic mineral [...]
Key indices of Indian equities markets lost nearly a quarter of their value in 2011 as slower growth and high inflation, coupled with a perception of policy paralysis dampened investor sentiments. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) ended the year at 15,454.92 points, down 24.20 percent or 4,934.15 points from its 2010 closing level of [...]
Amazon announced Thursday that it has sold over one million Kindle devices per week throughout December, making 2011 the best holiday shopping season ever for the e-reader family. In a press release, the e-commerce giant said the Kindle family, including the Kindle Fire, Kindle Touch and Kindle, held the top three spots on its best seller list, reports Xinhua. Kindle [...]
(IANS/EFE) The number of people filing initial applications for unemployment benefits rose last week by 15,000 to 381,000, the US Labor Department said Thursday. But the rolling four-week average of new claims, viewed as a better gauge of underlying trends, fell 5,750 to 375,000, its lowest level since June 2008. A four-week average below 400,000 is seen as a positive indicator. [...]
(IANS) The realty industry in India faced a negative sentiment in 2011, with developers, buyers and investors caught in a quagmire due to a host of unfavourable conditions, notably a slowdown in the economy, muted flow foreign direct investment, rising inflation, fluid stock market and rising interest rates. Liquidity crunch was the bane of the industry. The average cost of debt [...]
Following are the highlights of the developments in realty industry in 2011: -Circle rates hiked in Delhi to curb black money flow and bring transparency. -National Investment and Manufacturing Zones to boost industrial real estate. -Sale deed made mandatory by Supreme Court for property transfer. -India’s first all-woman housing society in Panchkula. -Realty growth dips from 25-30 percent to about [...]
Mumbai, Dec 28 (IANS) Engineering and construction firm Punj Lloyd Wednesday said it has secured a highway project worth Rs.1,050 crore in Rajasthan from the GMR group. The company in a regulatory filing said the six-laning of the 124-km Chittorgarh-Udaipur bypass project had been awarded under the engineering, procurement, construction (EPC) basis. The project, a part of the phase-V of [...]
New Delhi, Dec 28 (IANS) Canadian BlackBerry maker Research in Motion (RIM), battling tough competition from Apple’s iPad, is offering over 50 percent discount on its PlayBook tablets under a limited festive season offer till Dec 31. A company spokesperson Wednesday said the 16 GB model of the PlayBook can be bought for Rs.13,490 in the Indian market instead of [...]
Chennai, Dec 28 (IANS) Two-wheeler maker TVS Motor Company will roll out new gearless scooters, motorcycles and other variants with new and common fuel-efficient engines in 2013 and gain from economies of scale, a senior company official said Wednesday. ‘We have developed a new engine incorporating patent pending technologies that would give a scooter owner 20 percent fuel economy and [...]
|
|||
 |
|||
  
|
|||
|
|
2012 | India Current Affairs. A Leading Source of Online Information on India. Disclaimer: We have taken every care to see that copyrighted material (content or images) is not included in this website. Still if there is any such inclusion of copyrighted material by accident or by mistake, the concerned authorized copyright holders may intimate at knhyderabad@gmail.com. On receipt of which we assure that we would remove that material if it is proved to be breach of copyright. |
Government
