Economy & News
The NH8 experience: Stuck in jam, FM Arun Jaitley talks of more Delhi-Gurgaon roads
Having received a taste of the daily congestion on the Delhi-Gurgaon expressway, finance minister Arun Jaitley on Monday
pressed for at least two new link roads between the capital and the
"millennium" city. The jams on NH 8 ensured Jaitley reached 20 minutes
late for the inauguration of the " Happening Haryana" summit and his
remarks underlined the obvious - and long-standing - deficiency in a
road link used by lakhs of commuters daily. This is not the first time
Jaitley has [….] Read more at:
While rain, hailstorm affect wheat growers, it may also benefit farmers by raising temperatures
Rain
and hailstorm in the past couple of days have hit some farmers growing
wheat, mustard and fruits and vegetables in parts of western, central
and northern India, but the unseasonal showers should also benefit many
farmers as temperatures had soared well above normal. Farmers still face
the risk of heavy rainfall next week, when a rainbearing system of
clouds called a western disturbance is forecasted to bring showers in
northern India. Farmers are worried as the monsoon had failed [….]
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Food courts, dispensaries & malls to dot National Highways soon
National
highways across the country will soon offer wayside amenities such as
shopping malls, food courts, dispensaries as well as car servicing
centres after every 50 kilometres. The government has issued a policy
for such facilities to be built under public-private partnership (PPP)
and engineering, construction and procurement (EPC) models. The policy
offers incentives for petrol pump owners if they provide such facilities
on their land. "Additional incentives would be provided [….] Read
more at:
Global headwinds no sign of a recession, says Moody's
The
prolonged decline in oil prices and weaker expansion in Chinese economy
have dimmed growth prospects of several economies, but it does not
signal a threat of global recession, Moody's Investors Service said
today. "Risks to global growth have increased, but despite the recent
market volatility, we don't believe that the world's advanced economies
will enter recession," said Moody's Senior Vice-President Elena
Duggar. According to the rating agency, the continuous decline [….]
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Government panel to meet tomorrow on ways to fast-track exports
Concerned
over continuous decline in exports, a committee of top officials
including from commerce and shipping ministries will meet tomorrow
to discuss ways to fast-track clearance processes and improve ease of
doing business to boost shipments. The meeting will be chaired by
Commerce Secretary Rita Teaotia. The committee would deliberate on
facilitating implementation of measures for fast tracking the regime for
export and import clearances besides other trade facilitation steps
[….] Read more at:
Fitch lowers India's FY 2017 growth forecast to 7.7%
Fitch
Ratings today lowered India's economic growth forecast for next fiscal
to 7.7 per cent, but maintained the GDP projection for current fiscal at
7.5 per cent. Fitch, in December, forecast an 8 per cent GDP growth in
2016-17 supported by the government's beefed-up capex spending and
gradual implementation of a broad-based structural reform agenda. In its
latest Global Economic Outlook (GEO), Fitch said gradual recovery in
2016-17 and 2017-18 would be supported by higher [….] Read more at:
Thanks & Regards,
Meetesh Shiroya
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