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BJP applauds PMs suggestion of subsidy for poor, Congress calls it farce

New Delhi, Jan 17 (ANI): BJP on Saturday applauded Prime Minister Narendra Modi as he suggested subsidy for poor. Modi had said that he would not cut subsidies, reform the complex tax system to attract foreign investment and work to make the government system fast and flexible. With the budget just six weeks away, the Prime Minister made it clear that he would not cut subsidies. Meanwhile, Congress leader PC Chacko said that the government is not providing subsidy but is taking away people’s money. Jan 17, 2015

PM Modi says committed to meeting budget deficit goal

New Delhi, Jan 17 (ANI): Prime Minister Narendra Modi has said that he is committed to meeting this year's budget deficit target, welcoming a cut in interest rates by the Reserve Bank of India (RBI) on the back of falling inflation. In a speech, Modi said his government would cut wasteful spending, streamline the payment of welfare benefits and raise investment in roads and railways to boost economic growth in Asia's third-largest economy. Modi's comments signalled his assent to RBI Governor Raghuram Rajan's call for "sustained high quality fiscal consolidation" as a condition for further monetary easing after a surprise quarter-point cut on Thursday. The 64-year-old prime minister said it would be difficult to revive economic growth but promised to deliver incremental reforms. Jan 17, 2015
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MEA briefs about Sushmas meet with Ban Ki-Moon, Obamas India visit

New Delhi, Jan 13 (ANI): Union Foreign Minister Sushma Swaraj discussed issues related to militancy and UN Security Council with United Nations Secretary-General Ban Ki-moon, said foreign ministry spokesperson Syed Akbaruddin. Ban, who is in India on a three-day visit, was the keynote speaker and the guest of honour at the investment summit, Vibrant Gujarat, in Prime Minister Narendra Modis home state of Gujarat. He met Swaraj and held discussions on peace and security, climate change reforms, and other important issues. He said India was among one of the largest contributors of the UN peace keeping operations. Speaking over the upcoming visit of US President Barack Obama, Akbaruddin said India was enthusiastic about his visit. Jan 13, 2015
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