Adani to begin coal mine development in Australia
The Australian government in July had cleared the proposed $15 b Carmichael coal mine project of Adani Mining Keen on expanding business, Australian Prime Minister Tony Abott on Friday said an Indian conglomerate was all set to embark on Australia’s largest ever coal development to illuminate... read more »
Wilful defaulter tag a ‘powerful weapon’ for creditors
Reserve Bank of India Governor Raghuram Rajan has said the wilful defaulter tag is a powerful weapon in the hands of banks for resolving bad loans. His comments came days after United Bank of India declared Vijay Mallya as ‘wilful defaulter’. “The wilful defaulter tag is a powerful weapon in... read more »
Slow governance responsible for decline in growth: Rajan
Attributing decline in economic growth to “slow governance” and faulty allocation of natural resources, Reserve Bank of India (RBI) Governor Raghuram Rajan has said gross domestic product (GDP) will improve to 7 per cent in the next three years on the back of political stability. “The sharp... read more »
India, Australia to collaborate on health care
Australia on Friday announced the extension of the Australia-India Strategic Research Fund (AISRF) for a further four years and also pledged Australian dollars (AUD) 20 million for the initiative. Visiting Australian Prime Minister Tony Abbott made the announcement in Delhi after a visit to the Jai... read more »
