Ahead of the 2015-16 Indian budget, finance minister Arun Jaitly convened a meeting to address the concerns of Foreign Institutional Investors (FIIs). The meeting was attended by Prime Minister Narendra Modi, Reserve Bank of India Governor Raghuram Rajan, and Securities and Exchange Board of India Chairman U. K. Sinha along...
India’s Finance Minister Presents Landmark GST Bill
The long-awaited goods-and-services tax bill, or GST Bill, aimed at creating a single sales tax for goods and services across the country, was introduced in the Lok Sabha (the lower house of parliament) on December 19, by the Finance Minister, Arun Jaitley. While India is one nation of 1.24 billion...
The Strongest BRIC? India?
Of all the fast-growing BRICS countries, only India stands strong right now according to an article in Business Insider. It says "While much of the world is in a dark place economically — Brazil is embroiled in a corruption scandal, sanctions continue to constrain Russia's economy, China is slowing down,...
SunEdison Builds Rural Solar Electric Grid
Belmont, California based SunEdison Solar is set to expand its base in India by installing a 159 kilowatt solar micro-grids project to provide electricity to 4,875 people in six villages of India’s Madhya Pradesh state. SunEdison will begin construction in September and work with Rural Electrification Corporation, a Government of...