CAD to widen to 2.5% of GDP: Moody’s

According to Moody’s and other experts, India’s current account deficit (CAD) will widen to 2.5 per cent of the GDP in the current fiscal due to higher oil prices that has been accentuated by rupee depreciation.

IISc duo’s claim of ambient superconductivity may have support in theory

In July, a two member team of chemists, Anshu Pandey and Devesh Kumar Thapa, posted a preprint on the arXiv server claiming to have observed superconductivity at ambient temperature and pressure in samples in their lab in the Solid State and Structural Chemistry Unit at Indian Institute of Science, Bengaluru.

Revise trade laws, tariffs: U.S. Ambassador

Calling upon India to rethink trade barriers, tariffs and regulations in order to become a “hub” for innovation and production, U.S. Ambassador Kenneth Juster says that India and the U.S. need to see trade relations as an “important strategic element” of their ties.

Modi recalls Annan’s role in pushing development goals

Nobel Peace Laureate and former United Nations Secretary General Kofi Annan was “a conscience keeper of international peace and security”, said Prime Minister Narendra Modi, as many Indian leaders expressed condolences over Mr. Annan’s death on Saturday.

In U.P., plans to save the Taj Mahal

The Supreme Court’s critical observation on the preservation of the Taj Mahal has redirected focus on the deterioration of the iconic Mughal monument.

Banks losing share to NBFCs in MSME credit

As per the research analysts of the Reserve Bank of India,the share of credit provided by banks to micro, small and medium enterprises (MSMEs) has declined since September 2016.