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India Weekly Update from Tom Thomas

June 11th, 2021 – VOLUME 1/ISSUE 22

· News from Scotland and Beyond
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WORLD BANK REDUCES INDIA’S GROWTH FORECAST: The effect of the second wave pandemic on India has the World Banklowering India’s growth forecast.

Karnataka attracts third highest Foreign Direct Investment (FDI) Equity Inflows: Despite the challenges of the pandemic , Karnataka State has attracted thethird highest FDI equity inflows in Financial Year ‘21.

Government seeks to monetize undeveloped oil fields: The Government of India is looking to monetize the undeveloped oil fields in India.

Finance Ministry says the India’s recovery moderated by impact of COVID on Rural areas: Finance Ministry says that the Indian economic recovery moderated by the impact of COVID on Rural areas.

"The government of Karnataka is actively working towards attracting more FDI to the state focused on manufacturing" Raj Kumar Khatri, Addl Chief Secretary, Govt of Karnataka

OFF-BEAT: INDIAN INSTITUTE OF SCIENCE BENGALURURANKED AS TOP RESEARCH UNIVERSITY GLOBALLY: An international agency has rated the Bengaluru based Indian Institute of Science as the top global research university.


"Imparting world-class education & facilitating cutting-edge research in science, technology, and engineering, IISc makes every Indian proud” BS Yediyurappa, Karnataka Chief Minister

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