-Press Information Bureau/ Ministry of Finance Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: * Inflation has declined by over 6 percentage points since late 2013. * The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. * Foreign portfolio flows have stabilized the rupee, exerting downward pressure on long-term interest...

-The Telegraph New Delhi: India's plans to expand solar energy 30-fold to 100,000MW in seven years could create more than a million new jobs but demand chunks of land cumulatively larger than the metro areas of Calcutta or Delhi, an environment think-tank has said. An analysis by the Delhi-based Council on Energy Environment and Water has suggested that the plan to raise installed solar energy capacity from the current 3,000MW to 100,000MW...

-SciDev.net   India plans to produce 160,000 megawatts of renewable energy by 2022 Financing, land-acquisition and proper policies are among challenges to the plans Government confident of financing by World Bank and multilateral agencies NEW DELHI: Financing, land-acquisition and lack of proper policies are among challenges to India's ambitious renewable energy projects, the Delhi Sustainable Development Summit (DSDS) run by The Energy and...

-The Asian Age The sharp and sudden collapse of international prices of crude oil brings significant short-term gains for the Indian economy. However, in the medium and long run, the fall in oil prices has ramifications that are far from positive for this country. The windfall gains that have accrued will provide temporary relief for finance minister Arun Jaitley and will enable him to meet the fiscal deficit target in the...

-The Indian Express With the positive intent and progressive action from the new government, the country is excited about entering a new era of growth & revolutionary transformation. This can happen faster and more effectively if the whole ecosystem is geared for it. And most important component of the ecosystem are the people, who are the primary beneficiaries as well as the key catalysts to stimulate this growth and transformation. Hence,...