Search Results for: RBI Governor Shaktikanta Das

up-governors-ram-mandir-remark-sparks-controversy

UP governor's 'Ram Mandir' remark sparks controversy

New Delhi/ Faizabad/ Mumbai, Dec 12 (ANI): Uttar Pradesh Governor Ram Naik sparked a controversy when he said that Ram temple should be built in Ayodhya soon as "it is the wish of Indian citizens." His comments come at a time when outrage is still prevailing over the issue of religious conversions. While the BJP and Shiv Sena defended Naik, other parties slammed the governor and demanded his resignation. Dec 12, 2014
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Current account deficit comfortable despite widening: Raghuram Rajan

Kolkata, Dec 12 (ANI): Governor of Reserve Bank of India, Raghuram Rajan said that the RBI was comfortable with the current account deficit (CAD) even after it widened in the July-September quarter. Rajan while speaking at a news conference after the central bank's board meeting in Kolkata city, said risks remain to the current account deficit even though he was not apprehensive about it. Rajan said that gold imports had increased in the country which may have resulted in the increase in the CAD. Global oil prices have fallen to a five-year low on Wednesday. Brent crude oil fell to $63.56 a barrel, the lowest since July 2009, on signs of oversupply and waning demand. Indias largest imports are crude oil and gold. Turning to the economy, Rajan said an interest rate cut won't by itself lead to higher economic growth, although he noted it would have an impact. Turning to limits on foreign investments in government bonds, Rajan said it would look at raising the limit at an appropriate time, and would look at expanding it steadily. Dec 12, 2014
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Nursery admissions: HC refuses to stay scrapping of points system

New Delhi, Dec 10 (ANI): The Delhi High Court on Wednesday refused to grant interim stay on its single judge verdict quashing the point-system for nursery admission brought in by the Lieutenant Governor for private unaided schools in Delhi. A bench of Chief Justice G Rohini and Justice R S Endlaw said the order of single judge was based on certain findings, and it will hear the appeals of Delhi government and NGO Social Jurist in detail Jan 15, 2015. Dec 10, 2014
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PM Modi pays tribute to C Rajagopalachari on his 136th birth anniversary

New Delhi, Dec 10 (ANI): Prime Minister Narendra Modi on Wednesday paid tributes to freedom fighter, scholar and thinker C Rajagopalachari (Rajaji) on his 136th birth anniversary. The Prime Minister took to twitter to pay his tributes to Rajaji. He tweeted saying, "I offer my tributes to the great freedom fighter, scholar and thinker par excellence, Shri C Rajagopalachari on his birth anniversary. Rajaji was known for his administrative and political skills as well as for his literary and cultural pursuits. A remarkable personality!" he added. Born in 1878, Rajagopalachari was the last Governor-General of India. He also served as the Union Minister for Home Affairs, Premier of the Madras Presidency, Chief Minister of Madras State and Governor of West Bengal. Dec 10, 2014
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Delhi Rape Case: Protests continue in national capital even as govt bans Uber cab services

New Delhi, Dec 08 (ANI): Series of protests continue to take place across the national capital over Delhi rape case even as Uber cab services have been banned in Delhi by the government. Members of All India Democratic Women's Association (AIDWA) staged protest outside police headquarters demanding action against the accused. Brinda Karat after meeting Police Commissioner BS Basssi said that she was assured by Bassi in the case. Aam Aadmi Party members also staged protest outside the residence of Lieutenant Governor Najeeb Jung and demanded action over the matter and steps for safety of women on Delhi streets. Earlier, Uber cab services issued a statement, wherein it said that "what happened over the weekend in New Delhi is horrific. Our entire team hearts go out to the victim of this despicable crime. Will do everything, to help bring this perpetrator to justice and to support the victim and her family in her recovery. Will work with Govt to establish clear background checks currently absent in their commercial transportation licensing programs." Dec 8, 2014
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Maharashtra Cabinet Expansion: Ministers take oath

Mumbai, Dec 5 (ANI): After getting back together with its age old ally Shiv Sena, Devendra Fadnavis led BJP government in Maharashtra on Friday carried out its first cabinet expansion. The Shiv Sena joined the Maharashtra government with 10 of its nominees, including five of cabinet rank while an equal of 10 nominees were included from the BJP. The ministers took oath in the presence of state Chief Minister Devendra Fadnavis and Maharashtra governor C Vidyasagar Rao at the Vidhan Bhawan in Mumbai. Shiv Sena leaders Subhash Desai, Divakar Raote, Ramdas Kadam, Eknath shinde and Dr Deepak Ramchandra Sawant took oath as the Cabinet Ministers. Dec 5, 2014
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Interest rates to remain unchanged, says RBI

Mumbai, Dec 2 (ANI): The Reserve Bank of India (RBI) on Tuesday decided to keep interest rates unchanged and to stay focused on containing inflation. The RBI kept the repo rate at 8 per cent at its policy review, and there was no reduction. The reason for the interest rates being unchanged was because of the less than positive economic growth that was expected during Prime Minister Narendra Modi's first six months in power. RBI Governor Raghuram Rajan has reportedly kept the rates same, as a slowdown in economic growth was not as bad as earlier feared. Dec 2, 2014
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Artists from India and Pakistan share stage during music festival to bolster bilateral ties

Amritsar, Nov 30 (ANI): A 41-member delegation of Pakistani artists shared stage with their Indian counterparts during a joint cultural festival 'Saanjh' in Amritsar city. The event is likely to bring the peace building process back on track. With an aim to bolster the bilateral ties and restart the peace building measures, which were derailed by the recent skirmishes along the international border, the event brings together cultural artists of both nuclear-armed neighbours with a positive note. The festival is being organised by centre for preservation and promotion of heritage Punarjyot in collaboration with its Lahore-based counterpart Rafi Peer Theatre Workshop (RPTW). Meanwhile, Punjab Governor Shivraj Patil who was present at the festival, said peace will come not with fights but maturity. Indian artist Geetan said that the event had provided an opportunity to share stage with renowned artists such as Sufi singers from Pakistan. Nov 30, 2014
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