Indian aviation industry is on a high-growth trajectory with a growth rate of 12.47% in passenger traffic in Fiscal Year 2015. India is expected to become the third largest aviation market by 2020 and is expected to be the largest by 2030. Total passenger traffic stands at a 106.45 million in FY 2016.
In a surprise move, Japan cut interest rates to minus 0.1% on last Friday. Charging banks for the privilege of parking some of their excess funds was an unexpected and unprecedented move by the Bank of Japan. It is designed to encourage them to use their money reserves to lend to businesses in an attempt […]
Global Ayurveda Festival is held at Kozhikode from 31st January to 4th February, 2016. Sri Lankan Health Minister Dr Rajitha Senarathne inaugurated the third edition of Global Ayurveda Festival. GAF-III 2016 commences with a mega fortnight long Kerala Ayurveda fair in 14 districts and culminate with 5 days’ of International Seminar, Exhibition, Workshop, Business Meet […]
Indian smartphone market will become world’s second largest smartphone market by 2017. Various smartphone companies sold around 100 million devices during the year 2015. China, India and the US are the three big countries driving smartphone growth worldwide. World sees India as the next wave for smartphone growth.
Union Urban Development Minister Venkaiah Naidu on Thursday announced the names of the first 20 cities selected to be developed as smart cities. The capital of Odisha, Bhubaneswar topping the list and Pune and Jaipur coming in second and third respectively. These 20 smart cities will get the funds first to kickstart their development process […]
Digitization, internet of things, entrepreneurial system, improving business environment and rapid clearance systems make Indian IT, BPO industry more robust and vibrant. The Indian software and services industry is one of the very few sectors worldwide to have witnessed double digit growth. Fiscal Year 2015-16 is expected to see the export market at approximately $100 […]
India Government plans National Investment Grid to map business opportunities across the country. National Investment Grid may encourage private investment in the India. The proposed grid will have details of upcoming projects, projects that are under construction and details of land available with the Centre, states, their agencies and public sector undertakings. Foreign Direct Investment(FDI) […]
The United Planters’ Association of Southern India, UPASI asks Centre to ban import of natural rubber, through all channels until domestic price stabilises at affordable levels for domestic farmers. Earlier government took a decision to enforce port restrictions in imports and ban duty-free imports till March 2016.
China steel output drops for the first time since 1991. China is the largest producer of steel. Mills in China, which make half of the total global steel supply, produced less last year. As local demand dropped considerably, prices sank and producers struggled with overcapacity. As the iron ore price sinks into the $30s, thousands of […]
Iran reentered the global economy as years of crippling international sanctions ended in exchange for the verified disabling of much of its nuclear infrastructure. Earlier, Iran sent a major shipment of low-enriched uranium materials to Russia, a key step in Tehran’s implementation of historic nuclear agreement with world powers.