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UP,
Bihar to increase focus on tech education
New Delhi: Uttar Pradesh (UP), Uttaranchal and
Bihar are trying to catch up with developed states by
increasing spend on technical education according to industry
body Assocham.
The
industry body has found that developed states like Maharashtra,
Kerala and Andhra Pradesh are the top three spenders on
technical education. Its findings reveal that in 2006-07,
UP, Bihar and Uttaranchal increased their allocation on
technical education by 95 pc, 83 pc and 37 pc respectively
in 2005-06.
UP
and Bihar have almost doubled their spend to Rs146 crore
and Rs42 crore in 2006-07 from Rs75 crore and Rs23 crore,
respectively in 2005-06.
Jharkhand
increased its spend to Rs112 crore in 2006-07 from Rs22
crore in 2003-04.
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India
committed to successful WTO talks: FM
London: India is committed towards achieving a
successful conclusion of Doha round of WTO talks despite
the setbacks witnessed in the recent months said finance
minister P Chidambaram.
While
delivering a talk on "India: The Land of Growth Opportunities"
at London School of Economics in London Chidambaram said,
"We remain focused on the larger goal of having a
multi-lateral trade agreement under the WTO. Despite the
setbacks witnessed in recent months, we are committed
to working for a successful conclusion of the Doha round,"
Chidambaram said. The Doha round of trade negotiations
were suspended in July last year after developing countries
led by India and Brazil rejected US' offer for cutting
its agriculture subsidy.
Giving
a graphic picture of the rapid economic strides made by
the country during the last three to four years, he said:
"India is poised to witness an investment boom that
will take the Indian economy to an even higher growth
path."
Chidambaram
said the government had taken a number of steps to maintain
the growth momentum. Foremost among them was the need
to observe fiscal prudence and discipline.
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S&P
upgrades India's rating to investment
grade
Mumbai: After fifteen years, international
rating agency Standard and Poor's, has upgraded India's
sovereign rating from speculative to investment grade.
In 1991 the agency had downgraded India. The agency
now said the country's outlook is stable.
Moody's
Investor Service upgraded India to investment grade
in 2004 followed by Fitch Rating in 2006.
S&P
said in a statement: "The upgrade (to BBB-/A-3
from BB+ /B) on India's rating to investment grade reflects
the country's strong economic prospects and external
balance sheet and its deep capital market, which supports
a weak, but improving, fiscal position."
Analysts
said the revision in sovereign rating could result in
higher allocation of funds for investments in India
by international institutional investors. This will
also help an Indian corporate to raise funds at better
rates overseas, though sovereign rating has not been
a constraint for several large Indian companies.
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