For India the rationale for developing FBR is nuclear fuel security. India has limited uranium mineral resources that necessitate importing the fuel which has its uncertainties. But India is rich in thorium deposits. Though thorium cannot be used directly as nuclear fuel, it can be converted into useful fuel along with the spent uranium in a FBR.
Like Hosur on the Karnataka – Tamil Nadu border that attracted many industries, Sri City on the Andhra Pradesh – Tamil Nadu border, offering plug-and-play infrastrcuture, has evolved among the top 10 industrial clusters of India. Ravindra Sannareddy, like Apollo’s P C Reddy, exposed to the entrepreneurial expertise of the US, has built Sri City as an attractive place to locate a business. Sri City houses several multinationals – Kellog’s, Isuzu, Pepsi, Foxconn, Mondelex… In this interview, Sannareddy talks on how Sri City is reconfiguring its approach to move forward in a new normal world.
66 year old Angela Merkel, first female Chancellor of Germany from 2005, will step down in September 2021. Merkel has been synonymous with Germany and the EU. We look at her achievements.
Another iconic family-run business of Chennai, the $ 5 billion turnover Murugappa group, is repositioning the leadership of unit companies aligning these with families. Till recently the group had the senior most family member designated as chairman of the group: in the early stages under AMM Murugappa Chettiar (1902-1965) the group entered into a number of foreign collaborations and emerged a large light engineering conglomerate that was nurtured by AMM, his younger brother AMM Arunachalam and their nephew M V Arunachalam. The chairmanship passed on, in due course, to AMM Arunachalam and thence to M V Arunachalam. During the tenure of MVA, the group expanded through acquisitions of the two-centuries’ old EID Parry. This helped it diversify activities to sanitaryware, fertilizers, sugar, confectionary … The baton passed to MVA’s brother M V Subbiah.
ECONOMIC SURVEY 2020-21
Optimism over economic growth…
Economic Survey projects a 11 per cent growth for 2021-22 and a 6.8 per cent growth for the year 2022-23. A big step-up in expenditure for health and infrastructure and a bold thrust on privatisation are among the other highlights.
THE GDP GROWTH is set to increase by 11 per cent (15 per cent in nominal terms) in 2021-22. Chief Economic Adviser K Subramanian, author of the Survey, said deficit control exercise should be reserved for better times. Even IMF has urged support for growth in expenditure in critical situations as at present.
By K T Jagannathan, Vijaya Durga, Dr K Narayanan TESLA COMES TO Bengaluru with new name for its Indian subsidiary, Tesla India Motors and Energy. The company will set up a R&D unit and a manufacturing plant for its electric vehicles in the country. Tesla CEO Elon Musk and Union Minister
Padma awards 2021 By K T Jagannathan, Vijaya Durga, Dr K Narayanan 7 Padma Vibhushan, 10 Padma Bhushan and 102 Padma Shri awards were announced. Tamil Nadu bagged 11: 1 Padma Vibhushan (Singer SPB posthumous) and 10 Padma Shri. The state is unique in receiving 2 Padma Shri out of the total
Author: KT Jagannathan, Vijaya Durga, Dr K Narayanan The year 2021 has started with a bang for Tata Consultancy Services Ltd (TCS). On 25 January 2021, in the international circuit, TCS became the world’s most-valued information technology company surpassing Accenture: TCS had market capitalisation of $169.25 billion as against Accenture which stood at $168.68 billion. In the
Author: K T Jagannathan, Vijaya Durga, Dr K Narayanan On the Pongal Day (14 Jan), Tata Group Chairman N Chandrasekaran announced: “Tata Group plans to invest in digital, high-end electronics and healthcare in a post-pandemic world.” He also said “anything that is digital, we’re making a big bet on.” Tata Group
2020-21 HAS BEEN one long year of budgets. The Covid-19 pandemic threw to winds the estimates, priorities and the very framework of the budget presented a year ago on 01 February 2020. We witnessed continuous attempts at fiscal corrections to cope with the enormity of the Covid-19 dislocations. Finance Minister Nirmala Sithara- man presented Atmanirbhar Bharat packages 1.0, 2.0 and 3.0 in quick succession. Reserve Bank Governor also announced a few monetary measures. These together were estimated to cost Rs 27.1 lakh crore that amounted to over 13 per cent of the GDP