Thursday, 20 September, 2018

Economy

Modi

Inflation down to 10-month low & industrial output expands by 6.6%

The good news on the inflation and factory output front comes amid falling rupee and rising petrol and diesel prices.
File photo of Indian currency | Bloomberg

Rupee recovers to a 18-month record high, Modi govt expected to announce measures

As the rupee breaks all records, the Narendra Modi government is expected to announce measures to support the currency. 
bullet train project

China proposes a bullet train service between Kolkata and Kunming

The high-speed rail network if finalised will pass through Myanmar, Bangladesh and have a cluster of industries along the route. 
A pile of Indian 2000 rupees notes

Export figures help rupee rebound from historic low, Sensex surges by 305 points at close

The rupee had closed at yet another record low of 72.69 Tuesday. 
Bank rupee notes being counted | Bloomberg

As rupee sinks, Fadnavis’ BJP govt calculates cost of new choppers by pegging it to 80/$

Devendra Fadnavis-led BJP govt revises costs of two choppers it was to buy, calculating new amount after pegging the rupee at Rs 80 to the dollar.
(Photo for Representation)

Time to support rupee as overvaluation argument is seen to be easing

There are dangers in using the overvaluation argument to not support the rupee when it is hitting multiple lows, experts say.
Pakistan, Thar Desert

China is boosting Pakistan’s power generation but it’s of little use to consumers

Pakistan has added half of its power generating capacity in the past 5 years with Chinese help but a weak distribution network isn't helping.
homosexuality

Legalising gay sex expected to boost India’s ‘Pink Economy’

Indian businesses, MNCs and government have an opportunity to profit from the Supreme Court ruling to decriminalise homosexuality.

Like nephew, Mehul Choksi used shell firms to keep spoils of Rs 13,600 crore PNB con: ED

ED has accused Choksi of diverting Rs 3,257 crore of the Rs 6,000 crore credit accessed by his group companies from PNB.
sun set

India among countries doing little or nothing to stop bribing of foreign officials

Transparency International examined China, India, Hong Kong & Singapore for the first time for its report on foreign bribery.

Mohan Bhagwat says no Hindu Rashtra without Muslims: Is RSS changing before 2019 polls?

Mohan Bhagwat, during the three-day RSS lecture series called ‘Bhavishya Ka Bharat’, said that the Sangh’s interpretation of Hindutva does not exclude Muslims a...

There’s a humongous scam in the Rafale deal. It is called stupidity

The Rafale deal is just a glaring example of the BJP government’s unsuccessful handling of defence purchases.