Nomura slashes India GDP growth projection to 5.8%

Nomura has lowered the country’s growth estimate for this fiscal to 5.8%, from 6.7% earlier. Nomura has also hacked its India GDP prediction for 2013-14 to 6.6% from the earlier 6.9%. The government is targeting at GDP growth rate of around 7.6% this fiscal. India’s economic growth plunged to 6.5% in 2011-12 from 8.4% in ..

Month: Current Affairs - July, 2012

Topics: Companies • Fiscal policy • Nomura • Nomura Holdings

RBI elevates foreign investment limit in govt bonds

In a move targeted at preventing the continuous decline of Rupee, the Reserve Bank of India increased the limit of foreign investment in government bonds by $ 5 billion to $ 20 billion. The regulator also elevated limit of external commercial borrowing (ECB) to $ 10 bilion. Currently, foreign institutional investors (FIIs) are permitted to ..

Month: Current Affairs - July, 2012

Topics: Bond • Central bank • Corporate bond • Debt • Economy • External commercial borrowing • Finance • Finance in India • Government bond • Money • Securitization • United States housing bubble

Indian Scientist Rao Papineni gets US Patent for Cancer Treatment

In a breakthrough innovation Rao Papineni, the nanotechnology scientist, in collaboration with his colleagues invented a cancer treatment system in which a nano-particle acts as a carrier of anti-cancer drug and releases it only in the cancerous cell, thus safeguarding the healthy cells around from the damage.  The patent is titled ‘High Capacity Non-Viral Vectors.’ ..

Month: Current Affairs - July, 2012

Topics: Academic disciplines • Emerging technologies • Nanotechnology • Physical sciences • Physics • Radiation therapy • Radioactivity • Radiobiology