Narendra Modi

Initiatives of BRICS Have Made Key Progress: Modi

BRICS initiatives like New Development Bank (NDB) have made significant progress since their launch, Indian Prime Minister Narendra Modi stressed on Sunday, before leaving for the sixth BRICS Summit to be held from 14 to 16 July in Brazil. Jul 13, 2014
determined-to-bring-down-consumer-inflation-raghuram-rajan

Determined to bring down consumer inflation: Raghuram Rajan

Chennai, July 11 (ANI): Reserve Bank of India (RBI) Governor Raghuram Rajan said that he was determined to ease consumer inflation through a combination of demand and supply management. An RBI panel in January recommended bringing consumer price index (CPI) inflation down to around eight percent by the end of January 2015 and to six percent by the end of the following year. Rajan also noted that the RBI would issue circulars regarding banks' lending for infrastructure projects. The RBI Governor also assured stability in oil price. Jul 11, 2014
finance-minister-arun-jaitley-in-exclusive-interview-with-ani-over-general-budget-part-2

Finance Minister Arun Jaitley in exclusive interview with ANI over General Budget Part - 2

New Delhi, July 10 (ANI): After Finance Minister Arun Jaitley on Thursday presented the 2014-15 general budget, he said that his maiden budget was a vision statement that aimed at giving a fillip to infrastructure, manufacturing and re-establishing confidence in the Indian economy. Speaking to ANI in an exclusive interview, Jaitley said that it’s a directional budget. Jaitley sought to reassure investors by promising a stable tax regime and saying the government would not "ordinarily" create new liabilities retrospectively, but stopped short of moving to scrap the law. The finance minister also said that he would uphold the fiscal deficit target for this year inherited from the last government - 4.1 percent of gross domestic product - despite expectations he would be forced to raise it due to weak revenue and high subsidy costs. Jul 10, 2014
finance-minister-arun-jaitley-in-exclusive-interview-with-ani-over-general-budget-part-1

Finance Minister Arun Jaitley in exclusive interview with ANI over General Budget Part - 1

New Delhi, July 10 (ANI): After Finance Minister Arun Jaitley on Thursday presented the 2014-15 general budget, he said that his maiden budget was a vision statement that aimed at giving a fillip to infrastructure, manufacturing and re-establishing confidence in the Indian economy. Speaking to ANI in an exclusive interview, Jaitley said that it's a directional budget. Jaitley sought to reassure investors by promising a stable tax regime and saying the government would not "ordinarily" create new liabilities retrospectively, but stopped short of moving to scrap the law. The finance minister also said that he would uphold the fiscal deficit target for this year inherited from the last government - 4.1 percent of gross domestic product - despite expectations he would be forced to raise it due to weak revenue and high subsidy costs. Jul 10, 2014
bjd-hails-union-budget-2014-15

BJD hails Union Budget 2014-15

New Delhi, July 10 (ANI): The Biju Janata Dal on Thursday welcomed the Union Budget 2014- 15 presented by Finance Minister Arun Jaitley in the Lok Sabha. Talking to mediapersons in New Delhi, BJD leader Jay panda praised the budget and said that thrust has been given to infrastructure development. Jul 10, 2014