Search Results for: funds allocated

rbi-governor-says-fiscal-discipline-key-for-economic-growth

RBI governor says fiscal discipline key for economic growth

New Delhi, May 21 (ANI): RBI governor Raghuram Rajan has reiterated his call for fiscal discipline. Rajan stated that it is essential for the country to achieve sustainable economic growth. Although the comments were part of a broader speech on public sector banks, they come as India's newly elected government led by Narendra Modi is set to face its first credibility test with markets when it delivers a budget by July. Rajan repeated his call while noting that India would not always be able to rely on banks to buy a large portion of its government debt as it usually does. Banks, in turn, raise the funds needed to buy the bonds by attracting deposits from retail investors. May 21, 2014
Gold

Gold Slips on Economic Optimism; Platinum Adds to Gains

Gold extended losses to a third straight session on Monday as U.S. data pointed to strong economic growth, while platinum group metals continued to add to gains on supply worries from South African labour strikes. May 19, 2014
Narendra Modi

Modi Wins Election by a Landslide

Opposition candidate Narendra Modi will be the next prime minister of India, with counting trends showing the pro-business Hindu nationalist and his party headed for the most resounding election victory the country has seen in thirty years. May 16, 2014
A customer hands a bundle of Indian Rupee currency notes to a teller at a financial institution in Mumbai (Reuters)

State Banks to Seek Market Funds on Modi Growth Hopes

State banks plan to tap capital markets for billions of dollars after a new government takes office, executives and bankers say, betting on a revival in credit demand and giving them a chance to shore up battered balance sheets. May 16, 2014
brendan-rodgers-liverpool

Liverpool Transfer News: Rodgers Keen on Mass Clear-Out at Anfield

Liverpool manager Brendan Rodgers is reportedly looking to make a mass clear-out at Anfield this summer, so that he can gather some funds to get some fresh talent into the squad. The Reds, who enjoyed an excellent year in Rodgers' second season in charge, finished i May 15, 2014
profile-south-africas-president-jacob-zuma

Profile: South Africa's President Jacob Zuma

South Africa's President Jacob Zuma is all but guaranteed victory at the country's elections on 7th May -- despite allegations of corruption, abuse of power and misusing over twenty million dollars of state funds. Duration: 02:35 May 2, 2014
ec-issues-showcause-notice-to-punjab-cm-for-making-statement-on-fund-raising

EC issues showcause notice to Punjab CM for making statement on fund raising

New Delhi, May 01 (ANI): The Election Commission has issued a showcase notice to Punjab Chief Minister Parkash Singh Badal for allegedly making a statement asking for funds from people. At an election meeting in Jalandhar, Badal had asked people to give funds to the party secretly for campaigning. The EC, in its notice to Badal, has said, "The Commission is, prima facie, of the opinion that by making such statement you have violated the above said provision of Model Code of Conduct and also incited others to violate the law." The poll body, therefore, has given time till Friday to Badal to explain his stand on his statement. May 1, 2014
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