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An ex-RBI Guv thinks $5-tn goal is 'simply out of question'

The former RBI governor said India needs a 9 percent per annum growth to reaching $5 trillion by 2025.

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Nov 22, 2019, 03.37 AM IST

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  • In a unique ceremony, Hina, Kite, Jelly, Jessy, Lucy, Lovely and the lone male dog Veer were accorded a warm send off by the Central Industrial Security Force (CISF) after they completed their varied tenures in securing the Delhi Metro against various threats and nefarious activities.

    AIIB may invest $400 million each in the two metro projects. In Bangalore, it has decided to invest $350 million. AIIB is in advanced talks with different nodal agencies, including Chennai Metro Rail and the Mumbai Metro Rail Corp. The investment is likely to boost New Delhi's Smar City initiative.

    Jawaharlal Nehru University (JNU) students have started their march in protest of the JNU hostel manual. In the continued protests, the stud...

    AIIB is in advanced talks with different nodal agencies, including Chennai Metro Rail and the Mumbai Metro Rail Corp, two people with direct knowledge of the matter told ET. The supranational lender is expected to sign financing agreements with these two railroad operators.

    In its urban transportation business, the company bagged an order of Rs 853 crore for the construction of elevated viaduct along with 10 stations of the Delhi Metro Phase IV project, from Delhi Metro Rail Corporation (DMRC).

    The German wholesale retailer has thrown its might behind mom-and-pop groceries and has demanded level-playing for the unorganised sector, wading into a debate in India that ecommerce companies like Amazon and Flipkart are hurting small businesses here.

    E Sreedharan's reputation as a technocrat is so solid that governments from J&K to Kerala seek out Sreedharan’s services to solve the most difficult of their infrastructure challenges.

    While Jat leader and JJP chief Dushyant Chautala was already the deputy CM, his uncle and former CM Devi Lal’s son Ranjit Singh Chautala, who won as an independent, was sworn in as minister of state (MoS) with independent charge on Thursday.

    From Jharkhand government, L&T bagged and engineering, procurement and construction order from the Jharkhand Urban Infrastructure Development Company. In West Bengal, the company got an order from State Project Management Unit for flood protection works and embankment strengthening of Damodar river in East Bardhhaman and Hooghly districts.

    Uppal Housing is the landowner of Winter Hills, a residential project of builder Umang Realtech at Dwarka Mor in Delhi. Now, the Appellate Tribunal of Delhi Real Estate Regulatory Authority (RERA) has imposed liability of a promoter on Uppal Housing after some homebuyers filed a complaint on delay in delivery.

    Beauty is a fast-growing category and ecommerce companies like Amazon, Flipkart and Myntra have realised that Indian customers are far more open to trying out products online. For Nykaa, it was all about giving customers access to brands they typically wouldn’t get in their towns.

    Merkel visited the terrace of the metro station where she was briefed by officials of the DMRC about the solar project. The Frankfurt-based bank has also offered soft loans for other projects in India, including the Clean Ganga Mission. The chancellor spent nearly 30 minutes at the station and also interacted with an e-auto driver.

    Initially launched in Kochi followed by Thiruvananthapuram, Thiruvalla, Kottayam and Thrissur in India and Dubai and Abu Dhabi in the UAE, the home services app offers more than 70 services under various categories. It now plans to expands its footprints to bigger metro cities in the country and also to Sharjah.

    The new strategy revolves around bringing in new models, widening geographical reach, ensuring profitability in the sales network and switching to sales of only petrol and electric vehicles, something which the group is doing globally.

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