India is gearing up to select the winner of the $2-billion tender for six mid-air refuelers for its air force, with both the contending planes from European consortium EADS Airbus and Russian Ilyushin clearing the flight trials. The Indian defence ministry is now considering the bids to arrive at the lowest bidder in the tender
The IMF’s Managing Director Christine lauded India's efforts in managing economy well with good measures amid persisting global uncertainties. She held that the decision of government to cap subsidies at two per cent of GDP and a determination to improve the tax code are good measures.
International Monetary Fund (IMF) Managing Director Christine Lagarde held that India was poised to grow at 7% in 2012-2013, while China would grow 8.5%.
The government of India and the World Bank signed an International Development Association (IDA) credit of $152 million to finance the government's efforts to help improve the efficiency, quality, and accountability of health services in UP. The project would be financed by a credit from the IDA-World Bank's concessionary lending arm, with a final maturity
The 26th Northeast Games kicked off in the hilly state of Mizoram at the newly constructed Rajiv Gandhi Stadium in the state capital Aizawl. The theme of the games, being hosted by Mizoram third time, is ‘Unity through Sports’.