Economy Bytes

Will China’s slowing economy impact India?

(Photo courtesy: http://frankiesfootprints.com/) New Delhi, January 20 (G’nY News Service): According to the data released by the National Bureau of Statistics of China on the 19th of January 2016, China’s GDP grew by 6.9 for 2015 as compared to 7.3 per cent for 2014, falling from 7 in the first quarter to 6.8per cent in the last one. The value of tertiary and secondary sectors were up by 8.3and 6.0per cent while primary sector saw only a gain of 3.9per cent. Fixed asset investment and export...

Economy Bytes # Renewable Energy

G’nY’s solar story brought change in Lakshadweep

New Delhi, December 30 (G’nY News Service): The before and after of the same place, different years in the idyllic Kavaratti, the island capital of Lakshadweep. Following G’nY ‘s story in the issue titled ‘The Isles of Lakshdweep’ in November 2012, the broken down facilities were redeemed for the energy starved island in February, 2013, when the then Union Minister for New & Renewable Energy, Dr. Farooq Abdullah  inaugurated the 760 KWp Grid Interactive SPV Power Plant’. The plant...

Economy Bytes

India to gain from Iran nuclear deal; crude oil prices may fall

  New Delhi, July 15 (G’nY News Service): Iran reached an agreement on its nuclear program with six other countries led by the U.S. on Tuesday. This development could undo a four decade long stand-off between Iran and the West.The agreement limits Iran’s nuclear program for a decade and puts in place a tighter procedure for inspection of Iran’s nuclear program. In return, the financial and military restrictions on Iran will be lifted. What comes as a good news is that this agreement...