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Turkey’s economy to grow 4.1%: Survey
ISTANBUL: Turkey’s annual economic growth is expected to fall short of the government’s target through 2020, according to a Reuters survey, as inflation reaches double digits and investor sentiment sours under a new monetary policy. Hours after he was sworn in this month with sweeping new powers, President Tayyip Erdogan named his son-in-law as finance minister. That has heightened investor concern that Erdogan, a self-
 
 
Finance Commission may incentivise states for better population management
KOLKATA: The 15th Finance Commission’s Chairman N. K. Singh said it might consider incentivising states which have made “good and rapid” progress in population management. “One of the terms of reference for the Commission says that we shall use 2011 census if we choose to use population. There is a particular component in the terms of reference which says we may consider incentivising those states which have achieved good and
   
BEL, Swedish Saab to market co-developed radars
BENGALURU: Indian defence PSU Bharat Electronics Limited (BEL) and Swedish manufacturer Saab signed an agreement to market radars they co-developed for civilian and defence users. “The agreement facilitates us to market long range air surveillance radar and a L-band 3D radar we co-developed for multiple end-users,” said the city-based BEL in a statement here. The L-band 3D air surveillance radar is used for early detection and
 
 
Odisha focuses on eco-tourism, eyes 23 million tourists by 2021
BHUBANESWAR: Odisha, an Indian state with exotic beaches, vibrant wildlife and a radiant heritage and history, is working towards building a robust tourism infrastructure with special focus on eco-tourism as it eyes 23 million domestic and foreign visitors by 2021, a senior official said. It is also hosting the World Cup in hockey this year in Bhubaneswar. The state has shown growth of more than 8.5 per cent in terms of overall
   
Delhi invites investments from Oman’s companies
MUSCAT: The Indian government on Monday invited Omani companies to invest in India and benefit from Make in India programme aimed to encourage manufacturing, an official statement said. The invitation was made by Commerce Minister Suresh Prabhu during the 8th India-Oman Joint Commission meeting in Muscat, where he highlighted several steps taken by the government to promote an investment-friendly environment in India, the
 
 
Pakistan stock market regains upward momentum
ISLAMABAD: Main index of the Pakistan Stock Exchange (PSX) regained an upward momentum on Tuesday and the KSE 100-Index closed at 39,932.98 points with a gain of 267.21 points or 0.67 per cent. On Monday, PSX stocks fell sharply as investors resorted to panic selling after Pakistani rupee slumped to a record low against the US dollar in the money market, fanning concerns over the health of the country’s economy. The Pakistan
   
Expectations of healthy results buoy key indices
MUMBAI: Expectations of healthy quarterly results buoyed the key indices of the Indian equity markets during the trading on Tuesday. The broader Nifty50 of the National Stock Exchange (NSE) closed at 11,008.05 points - higher by 71.20 points or 0.65 per cent - from its previous close. The barometer 30-scrip Sensitive Index (Sensex), which opened at 36,390.99 points, closed at 36,519.96 points - higher by 196.19 points or
 
 
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