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China's Xiaomi Inc has become the world's third largest smartphone vendor just three years after first hitting the market, trailing only Samsung Electronics and Apple.
Xiaomi accounted for 6 per cent of all 320 million smartphones shipped during July-September. Samsung made up 25 percent, down from 35 per cent a year earlier due to rising competition. Apple's share also fell slightly to 12 per cent.
Xiaomi has been the top seller in its home market of China and recently entered India, where it sells phones exclusively through e-commerce site Flipkart.
Government has launched an austerity drive to trim the fiscal deficit to 4.1 per cent of GDP in 2014-15 with a 10 per cent across-the-board cut in non-plan expenditure.
The government proposes to lower the fiscal deficit, which had touched a high of 5.7 per cent in 2011-12, to three per cent of GDP by 2016-17.
The austerity drive would amount to a saving of Rs. 35,000 - Rs. 40,000 crore, or 0.3 per cent of GDP.
To promote fiscal disciple without restricting the operational efficiency of the government
After the success of the recent Mars Orbit Mission (MOM), Indian Space Research Organisation (ISRO) is planning to revisit the Red Planet in 2018 with a heavier satellite which will carry a lander and a rover.
In September 24, the state-run space agency successfully inserted its spacecraft (MOM) in the Martian orbit with five scientific instruments to search for life-sustaining elements on the planet over nine months after it was launched on November 5, 2013, from its spaceport at Sriharikota in Andhra Pradesh.
ISRO is looking for a slot in 2018 as the mission to Mars can be launched only after two years. It also hope to have a heavy rocket - fully operational to carry a lander and rover with scientific experiments.
India will be spending around Rs 1.7 lakh crore on its ambitious universal healthcare scheme.
Under this scheme, free drugs, diagnostic tests and insurance cover will be provided to all its citizens.
The scheme under the National Health Assurance Mission would be rolled out in a phased manner from April next year. It will cover the entire population while taking care of their healthcare needs by March, 2019.
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