Prime Minister Narendra Modi says, "India is the most open economy in the world for FDI"
With the Centre liberalising the economy radically by permitting 100% Foreign Direct Investment (FDI) for almost every sector, including defence, Prime Minister Narendra Modi said the initiative makes India the most open economy in the world for FDI.
"Key reform decisions were taken at a high level meeting chaired by the PM, which makes India the most open economy in the world for FDI. Centre has radically liberalised the FDI regime, with the objective of providing major impetus to employment and job creation in India," the Prime Minister's Office said.
The PMO in a series of tweets said that India has been rated as Number 1 FDI Investment Destination by several International Agencies.
Here's why Rajan feels RBI cannot abandon inflation to focus on growth
RBI Governor Raghuram Rajan delivered the Founding Day lecture on 'The fight against inflation: A measure of our institutional development ' at Tata Institute of Fundamental Research (TIFR) in Mumbai, on Monday.
During the lecture, Rajan said, "Our currency has been stable as investors have gained confidence in our monetary policy goals, and this stability will only improve as we meet our inflation goals. Foreign capital inflows will be more reliable and increase in the longer maturity buckets, including in rupee investments."While concluding his lecture, the Governor said, "What is happening today is truly revolutionary - by focusing on low inflation, we are abandoning the ways of the past that benefited the few at the expense of the many
China shoots down India's NSG membership speculation, says issue not on Seoul meeting agenda
On 20 June, China once again reiterated its stand on India's chances of gaining entry into the Nuclear Supplies Group, clarifying that the existing NSG members are still indecisive on the issue, and that it isn't 'mature' enough to be taken up in the upcoming NSG plenary meeting scheduled to take place in Seoul.
"We understand that non-NPT countries are very concerned about their entry into the NSG but as the NSG is still divided on this issue it is still not mature to talk about the entry issue at the annual conference in Seoul," Foreign Ministry spokesperson Hua Chunying was quoted to have said in an India Today report.
Hours after minibus explosion, second explosion rocks Kabul; Afghan MP injured
Hours after the minibus explosion that left at least 14 people dead on 20 June in Kabul, another blast in the city has injured an Afghan lawmaker.
The incident took place after a magnetic bomb planted in the vehicle of MP Ataullah Faizani was detonated in Chel Siton area, Khaama Press quoted a security official as saying.
The official added that five others were also wounded in the blast and two of them are in a critical state.
No group has so far claimed responsibility behind the second attack, however, the Taliban owned up to the minibus blast.
Former Housing Minister Ambareesh resigns from MLA's post after Karnataka CM Siddaramaiah's Cabinet reshuffle
Actor and former Housing Minister MH Ambareesh has sent his resignation letter from MLA's post to the Deputy Speaker's office after being dropped from the Cabinet, on Monday. However, the Deputy Speaker, Shivashankara Reddy, currently officiating as Speaker has rejected his resignation on the grounds that the MLA failed to personally handover the letter as per norms.
Ambareesh had sent his resignation letter through an aide on Monday noon.Though some rationalists and social activists have welcomed the move, Ambareesh's supporters criticised Chief Minister Siddaramaiah for dropping him from the Cabinet.
Delhi CM Arvind Kejriwal fighting 'fight of lies', says BJP MP Maheish Girri
Bharatiya Janata Party (BJP) MP Maheish Girri, who has been on a hunger strike outside Delhi Chief Minister Arvind Kejriwal's residence demanding that he prove his allegations regarding NDMC official MM Khan's murder, today alleged that the AAP supremo was casting baseless allegations on others to get rid of corruption charges.
"Whenever their party comes into the circle of corruption, they try to distract people by putting baseless allegations on others. But this time, I will not let it go that easily," said Girri.
"Everybody is supporting the truth. And he (Kejriwal) has been fighting this fight of lies since forever," he said.
Serious about yoga? Then ban liquor: Nitish to Modi
Bihar chief minister Nitish Kumar took a dig at Prime Minister Narendra Modi's emphasis on yoga on Sunday, saying that if Modi was serious about it, he would ban liquor.
"Yoga's first principle is abstinence from consumption of liquor, so if you are serious about promoting yoga then ban the liquor first," Nitish said at a party conference in Palamau, Jharkhand. Bihar has been a prohibition state since the first week of April this year, says NDTV.
The BJP has been targeting Nitish for not observing World Yoga Day on 21 June.
Vatican's mission in Delhi wants auto-rickshaws as official vehicles, US ponders the same
The Apostolic Nunciature, the Vatican's mission in India, has decided to buy and use three-wheeled auto-rickshaws as official transport, according to diplomats in Delhi. The US and two European missions in the Capital are discussing the possibility of doing the same.
The decision was inspired by Mexico's ambassador to India, Melba Pria, who began using an auto-rickshaw as her official vehicle five months ago, according to The Telegraph.
CO2 on Antarctica breaches 4 million year old record
Levels of carbon dioxide on the Antarctica have breached the crucial 400 ppm level. This breaks a record that is at least 800,000 and at the most 4 million years old, reports Inside Climate News. The breach in the 400 ppm levels, although symbolic, signifies rising CO2 levels in the atmosphere caused by burning fossil fuels. While the level has been breached before - temporarily during the summer - this time it is not likely to fall, according to scientists. Around the industrial revolution in the 19th centure, the CO2 levels were about 280 ppm.
Ancient DNA tells of two origins for dogs
Genetic analyses of a 4,800-year-old Irish dog and 59 other ancient dogs suggest that canines and humans became pals in both Europe and East Asia long before the advent of farming, says a report in sciencenews.org.
Later, dogs from East Asia accompanied their human companions to Europe, where their genetic legacy trumped that of dogs already living there.
Therefore, dogs were domesticated at least twice. That muddled genetic legacy may help explain why previous studies have indicated that dogs were domesticated from wolves only once, although evidence hasn't been clear about whether this took place in East Asia, Central Asia or Europe.
The idea that dogs came from East Asia or Central Asia is mostly based on analysis of DNA from modern dogs, while claims for European origins have been staked on studies of prehistoric pups' genetics.
A 4,800-year-old dog found in a tomb in Newgrange, Ireland, is the first ancient dog to have its entire genetic instruction book, or genome, deciphered. Researchers don't know much about what the midsize dog looked like; it doesn't bear any genetic markers of particular modern dog breeds, Frantz says. "He wasn't black. He wasn't spotted. He wasn't white." Instead, the Newgrange dog was probably a mongrel with fur similar to a wolf's.
Westerners lack education on nuclear disaster risks
Western societies would not respond well to a Fukushima-style nuclear disaster due to a lack of public information, a leading disaster expert has warned. Christopher Abbott told the Guardian he firmly believed that the public ought to be better educated over the hazards and risks they may face. Illustrating his point, he referred to the Fukushima disaster of 2011 in which 160,000 people were evacuated from the vicinity of the plant as experts attempted to tackle the emergency. The evacuation worked, said Abbott, because "the Japanese educate the public". "I just don't see that it would have worked as successfully in western society," he added. "[It's] a very personal opinion but one that is backed up by Japanese colleagues." Abbott, chairman of the Emergency Planning Society CBRN professional working group, made the remarks while giving evidence to a science and technology select committee hearing at the House of Commons on chemical, biological, radiological or nuclear incidents. "We need to better educate the public, because a well-educated public will respond better," he said.
Solar costs will be down 59% by 2025: study
The International Renewable Energy Agency has said in a new report that the average cost of generating electricity from renewable sources by 2025 will be lower by nearly 59%. This fall would be seen in the generation of solar energy, whose costs are already 80% lower since 2009. Average wind energy costs will reduce by 35% (for offshore wind) and 26% (onshore), the report says. Since 2009, wind turbine costs are down 30-40%.
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