Kautilya

Indian Economy may be Recovering Faster than Anticipated: Oxford Economics

The Indian economy is seen recovering faster than expected and the Reserve Bank is likely to have come to an end of the rate easing cycle, according to global forecasting firm Oxford Economics. It further said that inflation is expected to average significantly above 6 per cent in the fourth quarter of the current fiscal and the RBI may hold policy rates in December monetary policy review meeting.

CSIR-SERC, Chennai Develops Indigenous Emergency Retrieval System (ERS) for Power Lines

Council of Scientific and Industrial Research (CSIR) constituent laboratory Structural Engineering Research Centre (SERC) based in Chennai has developed an indigenous technology, Emergency Retrieval System (ERS), for quick retrieval of power transmission in the event of failure of transmission line towers. CSIR-SERC has signed an agreement for licensing of the ERS technology with M/s Advait Infratech, Ahmedabad.