Environment ministers from the BASIC countries (Brazil, South Africa, India and China) met in New Delhi on Sunday to agree to a common position on the Climate Change Accord drafted in Copenhagen late last year. Brazilian minister for environment Carlos Minc, South...
New Delhi recently approved Indian oil majors Oil and Natural Gas Corporation’s Overseas arm (OVL) and GAIL India to invest an additional US$$167.84 million and US$83.88 million in gas field development projects in Myanmar. The fresh investment will increase...
Balancing budgets is always a challenging task and its no different for Mr. Pranab Mukherjee, India’s Finance Minister who will announce the Union Budget on 26th February, 2010. As India takes center stage in the global economy, this union budget will be...
On Tuesday India announced it would increase its defense budget relative to the growth in GDP. India’s defence budget contributes between 2.3 and 2.5 percent of GDP which is expected to grow by about 8 percent this year. China too is expected to announce an...
India reclaimed its position as the premier edible oil importer after China in 2009 after a six year hiatus. India dethroned China by importing 8.4 million tonnes of crude edible oil, up 35 percent. Comparatively, China imported 8.16 million tonnes of edible oil, up...
