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  • ► HEADLINES Mutual funds gather Rs 2 lakh crore in April - July FY'15

  • ► OTHER HEADLINES The proposed GST law is the most important reform towards creating a single market in India and if it is implemented by April 2016 then its impact will be visible by 2018, the World Bank Report.

  • ► NEWS PM Narendra Modi is personally taking on notorious red tape to clear tens of billions of Dollars worth of stalled public projects, hoping that his hands-on intervention can bend a vast, dysfunctional bureaucracy. Once a month, Modi holds a meeting with top State and Federal Bureaucrats check why project have not got off the ground. Since march this year, his intervention has helped revice nearly $60 bi;;ion in Federal & state projects, according to Government data.  

  • ► OTHER HEADLINES Oil Prices drop on more US supplies. US oil companies added more oil rigs this week despite the plunge in crude prices, making the third straight week of an uptick in the rig count.

  • ► NEWS India's wind power capacity to double by 2020: Crisil India's wind power sector is likely to attract investments of more than Rs 1 lakh crore over next five years as the installed capacity is expected to double by 2020 on the back of government's initiatives making the sector profitable and sustainable, Crisil said. According to the rating agency, wind power capacity is expected to double by 2020 from over 23,000 MW currently, with an addition of 4,000 MW per annum in the next five years. Wind power capacity in India has grown five-fold in the last 10 years, touching 23,000 MW in March 2015. Growth is being propelled by tariffs at Rs 4-5.5 per unit currently, inching towards grid parity

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