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According to the report by Institute for Economics and Peace (IEP), violence had impacted the economy of India to the tune of $341.7 billion in 2014. The country has been ranked at a lowly 143 out of 162 nations in this year’s Global Peace Index (GPI). This is equivalent to 4.7 per cent of India’s GDP, or
Indian Space Research Organization (ISRO) has announced that it will provide navigational support to the Indian Railways through ‘GAGAN’ (GPS-aided geo-augmented navigation) system. ISRO’s Chairman AS Kiran Kumar said the space technology-based tools that will provide safety at unmanned level crossings. Gagan is an indigenous navigational guide system developed by ISRO on the lines of GPS system of the
Bandhan gets bank licence from RBI: Micro-lender Bandhan Financial Services today said it has received final nod from the Reserve Bank to set up a universal bank and will commence operations from August 23. The entity will be named as Bandhan Bank. “We will launch the bank in Kolkata, where Bandhan is headquartered, on August
The Government of India has approved proposals for FDI in Pharma Sector amounting to around Rs 4,000 crore by four pharma and medical devices firms. The pharma companies include Torrent Pharmaceuticals, Biocon’s research services arm Syngene, Stericat Gut Strings Pvt Ltd, and Ordain Health Care Global Pvt Ltd. The government rejected proposal from Strides Arcolab, Celon Laboratories, Shantha Biotechnics
India emerges as UK’s 3rd largest FDI source in 2014 :The UK today said it has maintained its position as the number one destination for FDI in Europe after attracting a record number of projects from over 70 countries including India, bringing in the largest financial value and associated jobs over the past year. Investment from
