Friday, 26 June 2015

Top economy news of the day - June 26, 2015

The Centre has proposed an investment of US$125 bn during five years for the Indian Railways. The investment is aimed at modernisation, do-congestion of existing railway system, upgrade of existing one, production of wagons and build over 8,000 stations and train coaches. 

News, Neuigkeiten
The Centre has proposed an investment of US$125 bn during five years for the Indian Railways. The investment is aimed at modernisation, do-congestion of existing railway system, upgrade of existing one, production of wagons and build over 8,000 stations and train coaches.

World steel output declined 2.1% in May this year compared to May 2014 led mainly by drop in steel output across Europe, the US, China and Japan. India, however, seemed to have bucked the trend and posted a 4% increase in steel production in May 2015.

The Ministry of Urban Development has laid down the operational guidelines for formulation, approval and execution of projects under the three missions — Smart Cities Mission, Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and Housing for All Mission in Urban Areas.

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