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Economy of India set to be worth USD 2.05 trillion this year
India's economy is set to be worth USD 2.05 trillion this yearwhile its GDP size would cross another milestone of USD three trillion after five years in 2019, according to IMF's latest world economic outlook.Ranking of India would also improve to seventh largest economy in the world, while measured on "current prices" basis in US dollar, in 2019 from its tenth position currently.Latest data from the IMF show that Indian...

India and 20 other countries set up Asian Infra Investment Bank
India and 20 countries signed an agreement to become founding members of the China-backed Asian Infrastructure Investment Bank (AIIB) to aid the infrastructure development in the Asian region and reduce the dependence on Western-dominated World Bank and IMF.Usha Titus, Joint Secretary, Economic Affairs division of the Ministry of Finance, signed the MoU on behalf of India at a special ceremony in Beijing..

Ahmedabad,Mumbai, and Kochi airport on high alert
Following threat of a possible terror attack on Air India flights;high alert has been sounded in the Ahmedabad, Mumbai and Kochi airports. Director of Kochi airport Mr A K C Nair told PTI that he received information from Kolkata that there is a threat to the Air India flight on the Mumbai-Kochi sector on October 25 and Ahmedabad- Mumbai sector tonight.Mr Nair said a high-level meeting was convened by CISF DIG Anand Mohan..

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