Here’s Why PM Modi’s 3-day US visit was a big hit!

Prime Minister Narendra Modi had been on a 3-day visit (6-8 Jun) to US, with a simple message: how the relationship between the world’s two biggest democracies would form “one of the defining partnerships” of the 21st century. And he not just succeeded in doing so, but also left a World class mark. Here’s why: Making India closer to America …

Yet again, India leads the World Economic Growth with 7.6%

Inspite of Global economic uncertainty, Indian’s Gross domestic product grew at 7.6% in the year ended March 2016, outstripping previous leader China and even faster than last year’s 7.2% (2014-15), in line with expectations. Since the last 2 years of Modi governance, the economy’s spending on defence and infrastructure has certainly increased. In addition, the …

Delhi govt. proposes ‘Zero Tax Budget’: Prices of Food Items, Clothes will fall

On Monday, the Deputy CM Manish Sisodia, presented a ‘zero tax budget’ that is targeted to rationalize the Value Added Tax (VAT) system. This implies cheaper food items such as sweets, namkeen; even the manufactured items such as watches, readymade garments, shoes and school bags will be priced lower. Sisodia stated that, “The government is committed to reducing tax arbitrage …

India’s Infrastructure boom: 11 Highway Projects & Major Housing Devt. Underway

Great news for the India’s growing economy – Govt. is upscaling the Infrastructure development to a completely new level. The cabinet has recently approved investment of Rs. 6,284 crores for building 11 highways. In addition, there is a solid scheme of rural housing development that includes construction of 2.93 crores houses under scheme ‘Housing for all’ by 2022. …

China announced one of the largest layoffs in history

In recent decades, China built its economy on heavy state investment in export-oriented manufacturing industries. Those investments created large numbers of jobs for low-skilled people flooding China’s fast-growing cities. But China seems to have over-invested, leaving an overload of capacity in the heavy industrial sector that has forced plants to cut prices deeply. The low prices …