Even as the US-imposed sanctions on Iran has put India’s energy security in jeopardy, United Arab Emirates Ambassador to India Ahmed Albanna has allayed fears of an oil shortage, saying his country as well as Saudi Arabia can fill in if supply from Iran is disrupted.
While India has regained its position as the world’s fastest growing large economy – with the uptick in GDP expansion at 6.7% in Q3 of 2017-18 – sustaining it critically depends on more credit flows to revive investment, writes N Chandra Mohan
India would grow at 7.3 per cent in 2018-19, the World Bank said on Wednesday forecasting that the economy would revert to its trend growth rate of 7.5 per cent by 2019-20 as it bottoms out from the impact of the Goods and Services Tax (GST) and demonetisation.
India has 121 billionaires -- 19 more than last year -- making them the third largest group of the ultra-rich after those from the United States and China, according to Forbes, the US business magazine that produces an annual list.
In northeast India, water-management practices to deal with climate change
In a small village on the north bank of the Brahmaputra in Assam in northeast India, farmer Horen Nath stood gazing at his partially submerged paddy field. The floods had kept their annual date but mercifully, the farmer said, the waters have started receding. "The weather has become very strange of late. We always had ample rain,