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Post Elections Government Has to Take Hard Steps to Manage Indian Economy: Dr. Raghuram

New Delhi (ABC Live): Dr. Raghuram G. Rajan, Governor, Reserve Bank of India talked about financial reforms at the Delhi Economics Conclave 2013 at Delhi on December 11, 2013. “The economy is stabilizing, but there is no room for complacency. Some part of improvement in the CAD has happened due to suppressing gold imports. Not all the measures to reduce …

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Nearly 230 Million Children Do Not Have Their Birth Certificate in World

New York (ABC Live):11 December 2013 – Nearly 230 million children under the age of five have not had their births officially recorded, excluding them from education, health care and social security, the United Nations Children’s Fund (UNICEF) today reported. That is approximately one in three of all children under five who are unregistered or lack proof of registration, the …

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New UGC Rules, 2013 All Set to Allow Foreign Educational Institutions Campuses in India

New Delhi (ABC Live):The Government has prepared the University Grants Commission (UGC) (Establishment and Operation of Campuses of Foreign Educational Institutions) Rules, 2013. Under the proposed Rules, Foreign Educational Institutions (FEIs) can set up campuses in India once the FEIs have been notified as Foreign Education Provider (FEPs) by the UGC, subject to fulfillment of certain eligibility conditions. The Rules …

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India Trade Deficit with China Reaches US $ 38,669 Million during 2012-13

New Delhi (ABC Live): With a view to reducing trade deficit with China, efforts are being made to diversify the trade basket with emphasis on manufactured goods. We are also pursuing market access issues to tackle non-tariff barriers in the Chinese market at different fora. At the Ministerial level, we have India-China Joint Group on Economic Relations, Trade, Science and …

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India Invests s 450 Crores on Mars Orbiter

New Delhi (ABC Live):India`s first interplanetary spacecraft, Mars Orbiter was successfully launched on November 05, 2013 at 14:38 hrs (IST), by India`s Polar Satellite Launch Vehicle PSLV-C25, from Satish Dhawan Space Centre. The mission has been successful so far and has progressed as planned. Subsequent to the injection of Mars Orbiter Spacecraft into the elliptical orbit (perigee of 248.4 km and apogee of 23,550 km) by …

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Government Confirms Hike of Price of 1650MW EPR for Jaitapur Nuclear Power Plant

Jaitapur (ABC Live):The techno-commercial offer given by M/s. Areva, France to devise appropriate business model for scope of work, cost, etc for the Jaitapur Nuclear Power Plant to arrive at viable tariff and project proposal will be subject to outcome of ongoing discussions with them. Minister of State for Personnel, Public Grievances & Pensions and Prim Minister’s Office Shri V.Narayansamy gave …

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India Owns US$ 388.5 Billion External Debt on June 1, 2013

Mumbai (ABC Live):With sharp widening of CAD during the first quarter of 2013-14 as compared to the preceding quarter and increased reliance on debt financing, external debt remained at an elevated level. However, the rise in external debt was more than fully offset by the valuation gains resulting from appreciation of the US dollar against other major currencies and against …

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Air India Asks for Upgraded Software for Boeing 787 Dreamliner Aircraft

New Delhi (ABC Live):Minister of State for Civil Aviation, Shri K. C. Venugopal informed Rajya Sabha today that a modification package has been prepared for the Boeing 787 Dreamliner aircraft. Air India is constantly in contact with Boeing on the issue of Technical Reliability of the Dreamliner fleet. The Boeing technical team has been involved in root cause analysis and …

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Government Plans Computerization of State Waqf Boards Records to Curb Corruption

New Delhi (ABC Live):As per the Waqf Act, 1995, the Waqf Board in a State is established and administered by the respective State Government. In terms of Section 32 of the Act, the general superintendence of all the auqaf in a State vests in the Board established or the State and, therefore, the State Government/State Waqf Boards ensure that the …

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Indian Government Fixes Reserve Price for 1800, 900 MHz Band Spectrum

New Delhi (ABC Live):The Union Cabinet today approved the finalization of the reserve price for auction of spectrum in 1800 MHz band for all service areas and for 900 MHz band in Metro service areas of Delhi, Mumbai and Kolkata. As recommended by the Empowered Group of Ministers, the Cabinet approved the following: i) the reserve price for 1800 MHz band of …

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