Preparations are underway for this month’s launch of an indigenously designed and developed satellite that has the unique capability of imaging during day and night and in all weather conditions. ISRO is looking at ‘lucky April 20′ for the blast-off from India‘s spaceport of Sriharikota. RISAT-1, a Radar Imaging Satellite with the capability to take [...]
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Moving past the global economic powerhouses like theU.K.,Germanyand France, the Indian economy would become the world’s fifth largest by 2020 — a major jump from its 10th rank currently. “India, the world’s 10th biggest economy in 2011, would become the fifth largest by 2020,” economic think-tank Centre for Economics and Business Research (CEBR) has said [...]
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Indiapumped in four goals in the last 20 minutes with a controversial penalty triggering the 4-0 route of Afghanistanin an ill-tempered summit clash as the home side lifted the SAFF Championship for the sixth time here on Sunday. The whole drama started as soon as the referee Sukhbir Singh from Singapore awarded a penalty after [...]
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Mukesh Ambani, who heads the oil-to-retail conglomerate Reliance Industries Group, has retained his position as the world’s richest Indian with a networth of USD 22.6 billion, as per the Forbes India annual rich list. Despite a fall of USD 4.4 billion in his networth over the past one year, Mr. Ambani managed to hold the top slot. [...]
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Asian Development Bank (ADB) has approved US $500 million loan to helpIndiaimprove rail services. According to an official release, the bank has approved this loan for the Railway Sector Investment Program (RSIP). It will target freight and passenger routes in Chhattisgarh, Odisha, Maharashtra, Karnataka and Andhra Pradesh, including the critical Golden Quadrilateral corridor that connects [...]
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Since 1985 the price of the gold was continuously same for 5 years of 300 USD. The Reserve Bank of India (RBI) has bought 200 metric tonnes of gold from the International Monetary Fund for about USD 6.7 billion. Presently the RBI has 557.75 Tonnes of Gold Presently, 49% of the [...]
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India‘s exports grew by 34.4 per cent on an annual basis to USD 23.8 billion in the first month of the 2011-12 fiscal, maintaining the growth momentum of the previous fiscal. Imports were up 14.1 per cent at USD 32.8 billion in April year-on-year, leaving a trade gap of USD 8.9 billion, according to data [...]
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Environment Minister Jairam Ramesh granted final approval to Orissa for diversion of 1,253 hectares of forest land for Posco’s steel project but said the South Korean steel major should not export raw material from the proposed project. ” In view of the state government’s latest communication of 29th April, final approval is accorded to the [...]
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Environment Minister Jairam Ramesh granted final approval to Orissa for diversion of 1,253 hectares of forest land for Posco’s steel project but said the South Korean steel major should not export raw material from the proposed project. " In view of the state government’s latest communication of 29th April, final approval is accorded to the [...]
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US President Barack Obama has authorised USD 25 million in non-lethal aid to the Libyan rebels, who are fighting a tough battle to oust authoritarian leader Muammar Al-Gaddafi from power. In a presidential determination sent to Secretary of the State and the Defense Secretary, Obama directed drawdown of up to USD 25 million in non-lethal [...]
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Foreign direct investment (FDI) in the country’s services sector declined by about 22 per cent to USD 3.27 billion (Rs 14,958 crore) during April-February last fiscal, according to the industry ministry data. The services sector (financial and non-financial services) had attracted FDI worth USD 4.18 billion (Rs 20,015 crore) during April-February, 2009-10. According to economists, [...]
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The article reviews the performance of India’s merchandise trade during 2010-11 (April-December) on the basis of data released by Directorate General of Commercial Intelligence and Statistics (DGCI&S). Main Findings • During 2010-11 (April-December), India’s merchandise exports at USD 164.7 billion recorded a growth of 29.5 per cent over the corresponding period of previous year as [...]
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India’s exports went up by 49.8 per cent year-on-year to USD 23.6 billion in February on the back of increased demand from markets like North America, Asia and Africa. During April-February, 2011, the country’s merchandise shipments grew by 31.4 per cent to USD 208.2 billion, surpassing the export target of USD 200 billion for the [...]
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Mexican billionaire Mr Carlos Slim Helu remained the richest person in the world with $74 billion in assets, while NRI steel magnate, Mr Lakshmi Mittal, and the Reliance Industries chief, Mr Mukesh Ambani, made it to the Top 10 at sixth and ninth places respectively of US magazine Forbes’ annual list of world’s top billionaires. [...]
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The government allowed the export of three varieties of non-basmati rice grown in the southern states in anticipation of bumper crop production this year. Partially lifting a three-year old ban, the government has permitted exports of ‘Ponni Samba’ and ‘Matta’ varieties of basmati, subject to a cap of 25,000 tonnes each, while shipments of ‘Sona [...]
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