World
US economy almost stalls in Q1
US real gross domestic product (GDP) increased at an annual rate of 0.2 percent in the first quarter this year, as uneven growth still haunted the world's largest economy amid a protracted weak recovery, according to an advance estimate released by the US Commerce Department on Wednesday.
 
Personal consumption, which accounts for about 70 percent of the US economy, grew 1.9 percent, compared with an increase of 4.4 percent in the previous quarter, Xinhua reported.
 
Non-residential fixed investment shrank while residential investment sharply slowed. Exports contracted 7.2 percent, compared with an increase of 4.5 percent, as a stronger dollar sapped demands for US goods.
 
The US economy typically experienced harsh times in the first quarter in recent years. It contracted 2.1 percent in the first quarter of 2014, as the unprecedented chilly winter weather pummelled business investment and consumer spending.
 
The sharp slowdown this year is blamed for a bout of blizzards and a strong dollar's drag on exports.
 
The US economy grew 2.2 percent in the fourth quarter of 2014, and 5 percent in the previous one.

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Government approves 10 sites for new nuclear power projects

Reactors with foreign cooperation would be set up in Kudankulam in Tamil Nadu, Jaitapur at Maharashtra, Chhaya Mithi Virdhi in Gujarat, Kovvada at Andhra Pradesh and Haripur in West Bengal

 

The government has "in principle" approved 10 sites for setting up new nuclear power projects, parliament was told on Wednesday.
 
Listing out the 10 sites located in nine states, Minister of State in the Prime Minister's Office Jitendra Singh told the Lok Sabha in a written reply that "the government had accorded "in principle" approval of the sites for locating nuclear power projects in future, based on both indigenous technologies and with foreign co-operation".
 
He said the indigenous reactors would be set up at Gorakhpur in Haryana's Fatehabad, Chutka and Bhimpur in Madhya Pradesh, Kaiga at Karnataka and Mahi Banswara in Rajasthan.
 
Reactors with foreign cooperation would be set up in Kudankulam in Tamil Nadu, Jaitapur at Maharashtra, Chhaya Mithi Virdhi in Gujarat, Kovvada at Andhra Pradesh and Haripur in West Bengal.
 
Singh also said that BHAVINI, an undertaking of the department of atomic energy is presently constructing a Prototype Fast Breeder Reaction (PFBR) of 500 MW capacity at Kalpakkam in Tamil Nadu. In addition, two Fast Breeder Reactors of 600 MW are also proposed to be constructed at Kalpakkam.
 
Responding to another question, the minister said the government has proposed to set up four new nuclear research facilities.

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Further stake sale in Coal India to meet SEBI guidelines: Goyal
The government will go for further stake sale in Coal India in due course to meet market regulator SEBI's guidelines on public shareholding, Coal and Power Minister Piyush Goyal said on Wednesday.
 
"We have to fulfill SEBI guidelines. In due course you will hear about it (stake sale)," Goyal told reporters here on the sidelines of the launch event of the National Transmission Asset Management Centre (NTAMC) of Power Grid Corp.
 
While the government currently holds around 80 percent stake in Coal India, as per SEBI guidelines, there should be a minimum 25 percent public shareholding in all listed companies.
 
The government divested 10 percent stake in Coal India in January 2015, which fetched the exchequer Rs.22,557.3 crore.
 
Coal India employee unions, however, have been protesting against further disinvestment in the state miner.
 
The NTAMC, a modern technology in the field of power transmission launced here, was dedicated to the nation by Haryana Chief Minister Manohar Lal Khattar.
 
In this connection, Goyal said that the smart city project has started in Gurgaon on Wednesday.
 
"In the next one year we will make Gurgaon a smart city in power distribution. Power Grid Corp may take a lead in developing smart grid leading to a smart city for Gurgaon," he said.

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