Tag Archives: economy

How Experts Reacted as Sensex Crashed Most in Seven Years, 4th in History

As the investors from worldwide are worried about Chinese economy, markets witnessed bloodbath today, the Sensex recorded an intra-day fall of 1,153.16 points till noon, fourth highest ever recorded in history. It is the biggest crash in about seven years and the fourth biggest for the BSE benchmark index Sensex. Today’s fall is biggest since October 24, 2008. Out of top ...

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6-Month Modi Rule: Right noises on economy, time for action

By Arvind Padmanabhan An area that evoked much expectation from the people when the Narendra Modi-led majority government took the reins over six months ago was economic revival, as it was seen as spurring growth, creating jobs, stabilizing prices and boosting incomes. India was faltering on all the four counts. As we take stock of the government’s performance on these ...

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Lack of Enough Scientists Affects Indian Economy: Nobel Laureaute George Smoot

Despite its rich tradition of producing academics, India at the moment lacks the necessary pool of scientists needed for its future, Nobel laureate George Smoot said. The 2006 winner of the Nobel in Physics has suggested the country spruce up its research institutes to create a research-friendly environment and tackle its brain-drain. “There is not enough for what India needs ...

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Pakistan a potential place for long-term investments, says PM Nawaz Sharif

Pakistan Prime Minister Nawaz Sharif Monday said that there were opportunities for investors in Pakistan and termed the country a potential place for long-term investment. The premier was speaking at a two-day investment conference titled ‘Invest Pakistan: priority sectors and legal framework for investment in the country’, Dawn online reported. Sharif said there were numerous power projects in the pipeline, ...

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Not Vizag, Mangalagiri is new AP capital, Naidu to Announce it Tomorrow in Assembly

Unlike some suggestions made before, Visakhapatnam or Vizag is not going to be the capital of the new shrunk Andhra Pradesh state as Chief Minister Chandrababu Naidu reportedly told his Telugu Desam Party MLAs to seek land donations in Mangalagiri region between Vijayawada and Guntur, the place he was sworn-in as the CM. Though Vizag has all the facilities to ...

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India’s industrial output slows down in tandem with global meltdown

India’s industrial output has slowed down since June 2011. The government said there has been a moderation in the growth of industrial production as shown in the table below:                                                                                                    India’s Industrial Output    (in percent) Sectors Weights June July Aug Sep Mining 14.157 -1.4 1.5 -4.1 -5.6 Manufacturing 75.527 11.2 3.2 4.0 2.1 Electricity 10.316 7.9 13.1 9.5 9.0 ...

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Kerala needs a new development ‘model’

By Javad K. Hassan Ever since the Center for Development Studies in Thiruvananthapuram came out with a study highlighting Kerala’s accomplishments in the areas of its material quality of living, health and education some four decades ago, the phrase “Kerala model” has had a life of its own. An array of eminent academics and public intellectuals — most notably, Nobel ...

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