World Last Week: 7 July 2014- 13 July 2014


We bring you the news that you may have missed last week. Have a fast glance on it:

  • Brazil Vs Netherlands: Brazil embarrassed as Dutch takes third place

Still struggling to recover from their unexpected 7-1 loss to Germany in the semifinals, Brazil had a similar terrible start against the Holland.

  • Poverty line at Rs 47: How expensive is it really to live in urban India?

ET Magazine decided to conduct a simple experiment: track an underprivileged person’s expenses for one day in four cities.

  • Budget 2014: Nifty expected to touch 8500 by December-end; top five stocks in focus

The budget is expected to help promote a new surge in economic growth which will most likely take the economy out of the current sluggishness.

  • Budget 2014: Good news for middle class

Rs. 1 lakh limit quickly gets exhausted due to multiplicity of investments, a provision that allows investors to reduce their tax liability.

  • Bullet Trains: Should India be careful about spending as much as Rs 60,000 crores on the project?

For an organization that is synonymous with sluggish trains, bullet trains are nothing short of a leap into the future for the Indian Railways.

  • PM Modi leaves for Brazil to attend BRICS summit

BRICS accounts for more than a quarter of the world’s land mass, 40 per cent of its population and a combined GDP of $24 trillion.

  • Govt considers FIs SBI, IFCI, Sidbi & Canara Bank as potential managers of Rs 10,000-cr startup fund

Country’s top financial institutions including SBI, IFCI, Sidbi have been vetted by govt as potential managers of ambitious Rs 10K-cr fund for startups.

  • Budget proposals; top 30 stocks

Mid-caps in sectors spanning banking, cement, footwear, infra, pharma, restaurants, retail chains and tourism will benefit from Budget proposals.

  • Delhi becomes world’s second most populous city

Delhi has become the world’s second most populous city in 2014 after Tokyo, more than doubling its population since 1990 to 25 mn.

  • India likely to get its first bullet train by 2022: Arunendra Kumar, Railway Board Chairman

We thought about increasing the speed in the past, but the sixth pay commission’s burden had shifted our focus to freight (a dedicated freight corridor is being built).

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