New Delhi: Low investments, particularly in infrastructure sector, have been a "big bottleneck" to the Indian economy and holding up the growth, Prime Minister Manmohan Singh has said, adding the government is trying to address the problem.
"Our principal concern is to strengthen the impulses to accelerate the process of investment, particularly the investment in infrastructure which has been a big bottleneck which has held up our growth process," the prime minister said in an interview with Japanese media ahead of his visit to the Asia's second largest economy.
"We would like to remove these bottlenecks. We have set up the Cabinet Committee on Investment to look at precisely the bottlenecks which hamper the growth of infrastructure sector. And we are hopeful and confident that this will happen," Singh said.
The prime minister said India's economic growth would accelerate to 6-6.5 per cent in the current financial year as compared to around five per cent growth registered in the previous year, according to the transcript of the interview released by the Prime Minister's Office in Delhi on Sunday. ...
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05:55 AM, May 27, 2013
Mumbai: Kishore Biyani-promoted Future Group, which runs India's largest retail chain in both value and lifestyle formats, plans to increase the number of franchisee-based convenient stores to over 1,000 in the next two years. Currently, the company has 100 franchisee-based convenient stores in Delhi and 200 stores throughout Delhi, Bangalore and Mumbai. "We plan to expand to more than 1,000 convenient stores in these cities in the next two years,"...
10:45 AM, May 20, 2013
Sydney: Australia's Ten Network television has offered Cricket Australia Aus$500 million (US$505 million) in cash for coverage rights over the next five years, sparking a legal battle, reports said on Friday. The bid is well above the $45 million Nine Network has paid annually over the last seven years for international matches and the $12.5 million FoxSports Australia has paid for the Big Bash T20 tournament and other domestic games....
08:12 AM, May 10, 2013
London: London will stage its biggest political funeral in almost half a century on Wednesday when Britain's governing elite join the Queen and global leaders to bid farewell to former Prime Minister Margaret Thatcher, better known as the "Iron Lady". In an event comparable to that of Winston Churchill's funeral in 1965, Thatcher's coffin will be carried atop a horse-drawn gun carriage through streets lined with admirers, and some detractors,...
06:50 AM, Apr 17, 2013
London: For the first time in 48 years, London's iconic Big Ben will fall silent on Wednesday as a mark of respect for 'Iron lady' Margaret Thatcher's funeral. The former Conservative Prime Minister died of a stroke in London on Monday aged 87. She will be given a ceremonial funeral with military honours, one step down from a state funeral. It is the first time that the bells of Big...
01:17 PM, Apr 16, 2013
Sydney: Former Sri Lankan Test batsman Chandika Hathurusinghe has been appointed as the new coach of the Sydney Thunder in Australia's Big Bash League, the team said on Thursday. The former opener, who played 26 Tests for Sri Lanka, takes over from Shane Duff and faces the task of turning around the struggling franchise after two disastrous seasons in the domestic Twenty20 competition. Hathurusinghe coached New South Wales in the...
01:04 PM, Apr 11, 2013
A $2 billion experiment on the International Space Station is on the verge of explaining one of the more mysterious building blocks of the universe: the dark matter that helps hold the cosmos together. An international team of scientists says the cosmic ray detector has found the first hint of dark matter, which has never yet been directly observed. ...
11:03 PM, Apr 03, 2013
Christian also said he is excited to play alongside RCB teammates Chris Gayle and Muttaiah Muralitharan. ...
08:24 PM, Mar 29, 2013
His idea comes after Alex Blackwell was awarded the Belinda Clark Medal for New South Wales' best female cricketer. ...
06:09 PM, Mar 29, 2013
'Turbanator' Gurpreet Singh Sarin seems to be luckier than Bollywood actress Shilpa Shetty. The young man of Indian origin, who made it to the top 40 on the 'American Idol' reality show, says he didn't face any racial discrimination on his journey to achieving a fusion of Indian classical music and western music. ...
07:17 PM, Mar 22, 2013
New results from looking at the split-second after the Big Bang indicate the universe is 80 million years older than previously thought and provide ancient evidence supporting core concepts about the cosmos - how it began, what it's made of and where it's going. ...
01:58 AM, Mar 22, 2013
At the Moriond Conference today, the ATLAS and CMS collaborations at CERN1's Large Hadron Collider (LHC) presented preliminary new results that further elucidate the particle discovered last year. ...
04:07 PM, Mar 14, 2013
Physicists say they are now confident they have discovered a long-sought subatomic particle known as a Higgs boson. The European Organization for Nuclear Research, or CERN, says a look at all the data from 2012 shows that what they found last year was a version of what is popularly referred to as the 'God particle'. ...
04:02 PM, Mar 14, 2013
White, a Melbourne Stars batsman, has labelled as "remarkable" the reprimand given to Marlon Samuels. ...
04:58 PM, Jan 24, 2013
Marlon Samuels has escaped punishment for his role in an ugly clash with Shane Warne during the Australian Big Bash League. ...
04:50 PM, Jan 22, 2013
CA fined Warne after he handed Melbourne Stars' captaincy to James Faulkner to avoid suspension for slow over rate. ...
09:37 AM, Jan 21, 2013
Out of the six seasons, the 70-year-old hosted all of them except for the third one. ...
03:24 PM, Jan 20, 2013
Chasing 168 to win, Perth could only muster 133 for 9 after Kemar Roach's 3 for 18. ...
10:31 AM, Jan 20, 2013
