Thiruvananthapuram: Kerala's business capital, Kochi will host the prestigious the World Economic Forum's India meet November 8-9, said Chief Minister Oommen Chandy on Tuesday. Chandy told reporters in Thiruvananthapuram that this is a rare honour for the state.
"India has hosted this event 28 times in the past, of which Mumbai hosted it once, while Delhi played the host on all other occasions," he noted.
"More than 250 top notch business honchos, leading NGOs and top political leaders from the country will be attending the event. We are delighted that our state has come into the world radar and that's the reason why we have been given this opportunity," added Chandy.
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05:25 AM, Jun 19, 2013
Washington: A group of major American business organisations and advocacy groups on Tuesday launched a new alliance against what they allege as India's "discriminatory" economic policies, including intellectual property issues, which they claim hurt US jobs and economy. Co-chaired by the National Association of Manufacturers (NAM) and the US Chamber of Commerce's Global Intellectual Property Centre (GIPC), the Alliance for Fair Trade with India (AFTI) was launched in Washington ahead...
01:02 AM, Jun 19, 2013
Chief Economic Advisor Raghuram Rajan admitted that Indian economy suffers due to slow decision making processes in the government. Rajan also incised the Indian economic system for creating barriers to improve the business environment in the country while speaking to Karan Thapar on Devil's Advocate. Here is the full transcript of the interview: Karan Thapar: Hello and welcome to Devil's Advocate. How adequately has the government responded to the sharp...
09:05 PM, Jun 16, 2013
New Delhi: Chief Economic Advisor Raghuram Rajan has admitted that Indian economy suffers due to slow decision making processes in the government. Rajan also incised the Indian economic system for creating barriers to improve the business environment in the country while speaking to Karan Thapar on Devil's Advocate. Below is an excerpt of the interview: Karan Thapar: The government knows it needs to act, fails to act and is well...
07:46 AM, Jun 16, 2013
Guwahati: Accepting that waste management by civic authorities of the city is not up-to-the-mark, Assam Chief Minister Tarun Gogoi on Saturday said "increase of waste is a sign of prosperity and high standard of living". Addressing a press conference here to express his optimism about Congress victory in the forthcoming Guwahati Municipal Corporation (GMC) election next week, he said the authorities have done well under his party's leadership. "Increase of...
12:45 AM, Jun 16, 2013
New Delhi: Pakistan High Commissioner Salman Bashir on Friday met India's Commerce and Industry Minister Anand Sharma in Delhi and discussed economic and trade relations between the two countries. Bashir had a "useful exchange of views on a broad range of subjects pertaining to economic and trade cooperation between Pakistan and India", the Pakistan High Commission said in a statement. Sources said both countries wanted to resume talks on commercial...
04:15 AM, Jun 15, 2013
New Delhi: Government on Friday allowed Norwegian telecom firm Telenor to increase stake in its Indian arm from 49 per cent to 74 per cent at an estimated equity infusion of around Rs 934 crore. "Telenor proposal has been approved," Economic Affairs Secretary Arvind Mayaram said after the meeting of Foreign Investment Promotion Board (FIPB). Industry sources said Telenor's proposal involve investment of Rs 934 crore to raise stake by...
09:38 PM, Jun 14, 2013
The Finance Ministry said that it will take steps to increase foreign investment flows into the country to strengthen the depreciating rupee. ...
11:42 PM, Jun 11, 2013
New Delhi: The Finance Ministry on Tuesday said it will take steps to increase foreign investment flows into the country to strengthen rupee and the regulators will act at appropriate time to contain the fall in domestic currency that touched a record low of 58.96 to a dollar. "We will continue to implement measures to ensure that portfolio investor inflows are enabled and encouraged and some of these measures will...
04:50 PM, Jun 11, 2013
Washington: Gujarat Chief Minister Narendra Modi is "ideologically hawkish, but economically opportunistic", a noted American scholar writes in a new book. In his latest book 'Shooting a Century' which hits book stores this week, Stephen P Cohen says that Modi epitomises a certain ambivalence towards Pakistan, which is the also the case with Congress President Sonia Gandhi and her son Rahul. "Narendra Modi, Gujarat Chief Minister and a rising star...
05:37 PM, Jun 10, 2013
Kohima: It is the day 3 of the economic blockade in Nagaland which has been imposed by the All Assam Tea Tribe Student Association. The students group is protesting against the killing of a farmer by suspected Naga militants. Student leaders have demanded the immediate arrest of the guilty and warned the government to face a bigger agitation if their demands are not met. ...
11:45 AM, Jun 07, 2013
Washington: US lawmakers have joined some top business organisations of the country to allege that the "restrictive" and "protectionist" policies of India are putting a growing bilateral trade at risk, an issue said to be of deep concern for the Obama administration. "We're very concerned about the innovation and the investment environment in India at the moment," Mike Froman, National Deputy Security Advisor on economic policies to US President Barack...
04:46 AM, Jun 07, 2013
Dr Seema M Parhihar, associate professor of Geography at Delhi University's Kirori Mal College joined IBNLive readers for an interaction on admissions in humanities stream. Q. Will 4 yr degree course in English, lead to a job? Asked by: yamini A. Yamini there will be many avenues open for you after you complete your graduation in English from our University. if you are fond of English Literature and reading then...
05:37 PM, Jun 06, 2013
New Delhi: Accounting regulator ICAI on Tuesday said it has begun an inquiry against 'key management persons' of global sportswear major Reebok with regard to a fraud unearthed in 2012, but is yet to initiate the inquiry against the company's auditor at that time. The Institute of Chartered Accountants of India (ICAI) has asked the auditing firm, Narsimhan & Co, to give their version and clarification on allegations about their...
11:18 PM, Jun 04, 2013
Vatican City: Pope Francis led Roman Catholics on Sunday in the first worldwide "Holy Hour," in which participants prayed at the same time around the globe for those suffering from war, slave labour, human trafficking and the economic crisis. The Vatican asked Catholics to join him between 5-6 pm Rome time (1500-1600 GMT) in what is known as a Eucharistic adoration - praying before a consecrated communion host. They were...
06:20 AM, Jun 03, 2013
Islamabad: Days before the new PML-N government assumes office, army chief Gen Ashfaq Parvez Kayani on Friday said Pakistan, facing an economic crisis, would have to strike the "right balance" between development and defence in order to make sustainable progress. "For meaningful and sustainable progress, a nation has to strike the right balance between the requirements of development and defence," Kayani said while addressing a gathering at the army's Command...
02:26 AM, Jun 01, 2013
A Bihar official used to cook his food in a silver pressure cooker, leaving a Bihar Police raiding team bewildered. The Economic Offences Unit (EOU) team of the Bihar Police was flummoxed when it recovered during raids on the government engineer a silver pressure cooker. The vessel was later produced in court, an official said in Patna on Saturday. "It surprised us all that a silver pressure cooker was recovered....
02:08 AM, Jun 01, 2013
New Delhi: India registered its worst gross domestic product (GDP) growth in a decade with the economy registering a paltry growth rate of five per cent during the 2012-13 financial year due to poor performance of farm, manufacturing and mining sectors. The growth rate during the last quarter of January-March period is just 4.8 per cent compared to 5.1 per cent in the same period in 2011-12. While the farming...
11:08 AM, May 31, 2013
New Delhi: A class XII student in New Delhi, who used to top her class regularly, has got zero marks in Economics. The CBSE, reacting to complaints by the student and her family, said the matter will now be probed by a panel. When the student said it is not possible that she scored zero marks in the paper, the CBSE chairman Vineet Joshi said a committee will be formed...
05:23 PM, May 30, 2013
New Delhi: Social activist Aruna Roy, who has decided to dissociate herself from Sonia Gandhi-led National Advisory Council, on Thursday hit out at government saying it was focussing on economic reforms and growth at the cost of poor people. Roy, who has attacked the Prime Minister for rejecting a proposal of NAC to raise minimum wages under MGNREGA, said pro-poor issues have been pushed to the back burner by the...
05:10 PM, May 30, 2013
