petrol-prices-cut-by-rupees-rs-1-09-a-litre-diesel-hiked-by-56-paise-a-litre

Petrol prices cut by rupees Rs 1.09 a litre, diesel hiked by 56 paise a litre

New Delhi, Aug 01 (ANI): Petrol price was cut by Rs. 1.09 per litre, the second reduction in three-and-half months while the diesel price was hiked by 56 paise a litre. The revisions were made effective from midnight Thursday, Indian Oil Corp, the nation's largest oil firm, announced. Petrol in Delhi will cost Rs 72.51 per litre from today as against Rs 73.60 a litre earlier. Similarly, diesel will be priced at Rs 58.40 per litre from today as compared to the previous Rs 57.84. Petrol price was reduced following drop in international oil rates and rupee depreciation against US dollar, making imports cheaper. Aug 1, 2014
world-bank-chief-welcomes-new-brics-development-bank

World Bank chief welcomes new BRICS development bank

New Delhi, July 24 (ANI): The World Bank welcomed a $100 billion development bank founded by the BRICS nations and is ready to provide it with technical assistance, the World Bank president said after a meeting with Prime Minister, Narendra Modi. The BRICS developing nations - Brazil, Russia, India, China and South Africa - announced the bank last week, saying it would fund infrastructure projects in developing nations - a reflection of their growing importance in the world economy. The World Bank group was ready to increase its financial support to support job-oriented skills and infrastructure development in India to $15 billion to $18 billion over the next three years, Jim Yong Kim, World Bank Group President who looked inspired by Modi's economic agenda and policies, said that Modi has set-up some goals for the bank and they would make all efforts to achieve those. He also applauded Modi government's targets of ambitious growth rates. Jul 24, 2014