Search Results for: infrastructure bonds

pm-modi-took-views-of-economists-to-boost-growth-says-jaitley

PM Modi took views of economists to boost growth, says Jaitley

New Delhi, Feb 06 (ANI): Finance Minister Arun Jaitley on Friday while speaking about the NITI Aayog's maiden meet said that Prime Minister Narendra Modi addressed economists and then asked for their suggestions to boost the investment growth. Jaitley further said that the suggestions related to the high growth and financing of infrastructure. The economists present at the interaction were Vijay Kelkar, Nitin Desai, Bimal Jalan, Rajiv Lall, R. Vaidyanathan, Subir Gokarn, Parthasarathi Shome, P Balakrishnan, Rajiv Kumar, Ashok Gulati, Mukesh Butani and G.N. Bajpai. Bibek Debroy and Dr. VK Saraswat, members and CEO, NITI Aayog attended the meeting. Feb 6, 2015
asian-development-bank-president-calls-on-pm-narendra-modi

Asian Development Bank president calls on PM Narendra Modi

New Delhi, Feb 06 (ANI): Asian Development Bank (ADB) President Takehiko Nakao met Indian Prime Minister Narendra Modi in New Delhi. Nakao was accompanied with a delegation from the ADB as they discussed matters of mutual interest to India and the ADB, with Modi. After the meet, Modi tweeted a picture of the two leaders shaking hands, reading the caption: "A very productive meeting with Mr. Takehiko Nakao, President of the Asian Development Bank. @ADB_HQ". Meanwhile, the ADB tweeted: "In meeting with @narendramodi, @ADB_HQ Pres Nakao lauds #India's brighter growth prospects". Nakao commended India's efforts to improve business environment and accelerate infrastructure investment. He highlighted the importance of reform measures by India like raising the FDI ceiling in many sectors, fast tracking infrastructure projects and reduction on fuel subsidies. Feb 6, 2015
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Vanzara gets bail in Ishrat Jahan case

Ahemdabad, Feb 05 (ANI): Former Indian Police Service (IPS) officer DG Vanzara was on Thursday granted bail by a special court in Gujarat in connection with the Ishrat Jahan fake encounter case. The court has asked Vanzara to submit a surety bond of Rs two lakh. Suspended Additional Director General of Police (ADGP) PP Pandey has also been granted bail in this case. The court has asked Pandey to submit two surety bonds of Rs. 50,000 each and his passport as condition for the bail. This is the first instance in which an accused has been granted regular bail in this case. Pandey was the Joint Commissioner of Police of Ahmedabad Detection of Crime Branch, when 19-year old Ishrat Jahan was killed along with three men in a police encounter in 2004. All four were shot dead by police officers who claimed that they were involved in a plot to kill Narendra Modi, who was the Chief Minister of Gujarat at that time. Feb 5, 2015
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PM Modi greets Sri Lankan people on 67th Independence Day

New Delhi, Feb 04 (ANI): Prime Minister Narendra Modi on Wednesday extended greetings to the people of Sri Lanka, on their 67th Independence Day. Prime Minister Modi took to twitter for extending his wishes. "On their Independence Day, my greetings to people of Sri Lanka. The bonds of history, culture and shared values that we share are unbreakable, tweeted Prime Minister Modi. "My best wishes for the development of Sri Lanka in the years to come. I look forward to welcoming President Sirisena later this month," he added. President Pranab Mukherjee in his message to Sri Lankan counterpart Maithripala Sirisena said India and Sri Lanka are close neighbours with a long standing relationship of friendship and cooperation based on shared linguistic, religious and cultural traditions. He also said that these ties have matured over time to embrace all areas of contemporary significance. He expressed confidence that the traditional bonds between India and Sri Lanka will expand and flourish to the mutual benefit of the two countries in the years to come. Feb 4, 2015
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RBI holds interest rates steady, says tracking inflation and government action

Mumbai, Feb 03 (ANI): Reserve Bank of India on Tuesday held interest rates steady while boosting banks' liquidity in a bid to persuade them to lower lending rates after they failed to pass on the benefits of the last official rate cut three weeks ago. The RBI kept its policy repo rate unchanged at 7.75 percent, as expected by analysts, leaving its next reduction probably until after the government presents its annual budget at the end of this month. Instead, to prod banks to lend more and lower their lending rates, the RBI cut the statutory liquidity ratio (SLR) - the minimum portion of net deposits that banks must hold in government bonds, cash or gold - by 50 basis points to 21.5 percent from February. 7. The RBI also announced a slew of initiatives to develop markets, including allowing foreign institutional investors to re-invest government bond coupons even when their investment limits were exhausted. The RBI described the domestic economy as "subdued", regardless of the government revision of gross domestic product data, using a new formula which showed the economy grew 6.9 percent in 2013/14, instead of 4.7 percent. Feb 3, 2015
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