IMF lowered India’s growth forecast to 4.9% in 2012

                  

                  India’s growth path has received another painful blow. And this time it is from the International Monetary Fund (IMF) itself. IMF has recently lowered India’s GDP expansion to 4.9% for the year of 2012. India’s gross domestic product expansion never went to below 5% in the last decade, so for the first time in mere 10 years it will drop below 5% mark, which is a major setback for the Indian economy.

EPFO approved Reliance-Nippon stake deal

                     The Employees Provident Fund Organization (EPFO) finally gave its approval to the 26% stake sale by Reliance Capital Asset Management Company to Japan’s Nippon Life Insurance group. According to the EPFO trustee and Hind Mazdoor Sabha (HMS) secretary Mr. A.D. Nagpal, the proposal, which was presented by the Reliance Capital Asset Management, has been approved in a very important meeting. The meeting was chaired by the honorable Labour Minister Mallikarjun Kharge himself.

Government has sanctioned 14 mega tourism projects for Jammu and Kashmir

                

                  The Central Government of India has recently sanctioned 14 mega tourism projects, which is valued at Rs 73.50 Crore approximately. These mega projects are for the heaven of the earth Jammu and Kashmir. It has been sanctioned by the centre during the last three months only with the main target of creating tourist-centered infrastructure and conserving heritage sites in the state. This is pretty good news for all the lovers of beautiful J & K.