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
datsun-go-launch

Datsun GO Launch

Nissan's low-cost car brand Datsun, today, rolled out its second product, the GO+, in India. Launched in a total of four variants, D, D1, A and T, the vehicle is priced in the range of Rs. 3.79 lakh - Rs. 4.61 lakh (ex-showroom). Jan 16, 2015