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How Demonetization will benefit Indian Economy in the Long Run

Demonetization was introduced with the objective of curbing black money, terror financing and counterfeit currency. No one knows the exact measure of our black economy but as per certain estimates the black economy is large as 3 times our GDP [...]

New Civil aviation policy: Airline required 0 years and 20 aicrafts for international operations

Government has unveiled a new civil aviation policy to boost domestic airline sector. Government has abolished 5/20 rule in the new civil aviation policy. Abolition of 5/20 rule is a shot in the arm for new carriers like Vistara and Air Asia [...]

India Unveils its First National Intellectual Property Rights Policy

The Indian Government today unveiled the first National Intellectual Property Rights Policy (IPR) with an aim to foster innovation and R&D culture in the country. While stressing on improving the Ease of Doing business in the country, the [...]
Aviation manufacturing sector will create 50000 jobs says Manohar Parrikar.

Make in India : Aviation manufacturing sector will create 50000 jobs says Manohar Parrikar.

According to a news report by PTI,Defence Minister Manohar Parrikar said aviation manufacturing sector will create 50,000 high-skilled jobs  in the next 2-3 years. Manohar Parrikar urged defense firms to invest in skill development and groom [...]

12 Nations signed one of the biggest multinational trade deals ever in Auckland

After five years of negotiation,12 Nations The Trans Pacific Partnership in Auckland despite oppositions from several quarters. Share of TTP partner nations’ in world economy is around 40%.Due to this fact this deal is going to be one of the [...]

Could the BRICS New Development Bank usher a New Bipolar Financial World Order?

With the emergence of the New Development Bank, formerly known as the BRICS Development Bank, and the AIIB (Asian Infrastructure Investment Bank), the world is increasingly becoming Bipolar, with China and India together growing as the ‘Eastern [...]

Unlocking the Greece Crisis: Is the world tilting towards socialism the wrong way?

The Greek crises is interesting, not just because it points to how bad government policies can bring a state on the brink of its own failure but also because it points to a much a deeper crisis within capitalism. Capitalism as a system has [...]
Economic Survey 2014-15

Economic Survey endorses Modi’s Vision of “Achhe Din”, forecasts GDP growth at 8%

The Economic Survey for 2014-15 forecasts around 8.5% growth in FY16 for India, which would make it one of the fastest growing economies, surpassing China. The survey emphasizes more on the small effective policies which can have impact in [...]

India records slowest growth in a decade: FY 2012-13 at a glance

Indian economy grew by only 5.0% in FY 2012-13, its slowest pace in a decade, according to figures revealed by the Ministry of Statistics today. Low investor confidence, slumping investment, high inflation and weak export demand were blamed [...]

iGATE sacks CEO Phaneesh Murthy on sexual harassment charge

Board of directors of iGate has terminated its president and CEO Phaneesh Murthy on sexual harassment charges by a subordinate employee. Gerhard Watzinger has been appointed as interim president and CEO. Sunil Wadhwani, co-founder and co-chairman [...]

Reliance and Aircel joins hand to provide roaming free 2g services

Reliance Communications Ltd has tied up with Aircel to provide roaming free services to its customers. After the deal Reliance’s 2G GSM customers can enjoy hassle-free service in roaming without paying anything. According to the deal the [...]

Reliance, Vodafone joins global carries to build international submarine cable network

Reliance Industries’ telecom arm, Reliance Jio Infocomm has joined hands with UK’s Vodafone Group Plc and other global carriers like Telekom Malaysia Bhd, Omantel, Etisalat and Sri Lanka-based Dialog Axiata to build a submarine [...]

Sugar sector reforms: How sweet they are ?

The Cabinet Committee on Economic Affairs, headed by Prime Minister Manmohan Singh, gave its approval to decontrol Sugar sector based on Rangarajan committee. Rangarajan committee had recommended to decontrol sugar industry. Size of the industry [...]

Prime minister says Indian economy is facing temporary downturn due to Global slowdown and high inflation

Prime Minister Manmohan Singh said that India’s economy grew at 8 per cent in the last 10 years. But currently Indian economy is facing temporary downturn but he is hopeful that 8% growth rate can be achieved in medium term. Global slowdown [...]

How SC verdict on Novartis’ patent plea brings relief to cancer patients

The Supreme Court on Monday rejected Swiss firm Novartis’ patent plea for its cancer drug Glivec. A bench of justices Aftab Alam and Ranjana Prakash Desai rejected Novartis’ patent plea. This historic decision given by Supreme Court of [...]

Amazon acquired book lovers social networking site Goodreads

Summary of News : ‘s acquisition of Goodreads  will help Amazon to expand its ebook empire. This deal will be a catalyst for online reading and digital publishing as Goodreads now have adequate resources to expand itself. This [...]