Search Results for: economic recession

World Bank President Jim Young Kim and India's Prime Minister Narendra Modi

Govt Adjusts Disinvestment Plan: IOC Stake Sale Possible

The government is likely to bring IndianOil stake to the disinvestment table, as continued uncertainty over policy affecting Coal India and ONGC would prove an impediment to its plans, even as it struggles to limit itself to the 4.1% fiscal deficit. 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
suresh-prabhu-pitches-for-seamless-policing-for-security-in-indian-railways

Suresh Prabhu pitches for seamless policing for security in Indian railways

New Delhi, Jan 15 (ANI): Railway Minister Suresh Prabhu on Thursday called for seamless policing to ensure security and safety of the passengers. The minister, addressing the Conference of Director Generals of Police (DGP) of all states on railway security, said with the increase in crimes, it is inevitable that railways will also be its victim. Social, political and economic factors also contribute to the crime rate going up; and unemployment, regional disparities and growing ambitions not being fulfilled also contribute to it, Prabhu added. Inviting the officers to device joint strategy to deal with crimes, especially on running trains, the minister said as law-enforcers there is a challenge as policing in railways is a difficult task. Also present at the conference was Home Minister Rajnath Singh, who said Indian railways is a developmental as well as a strategic asset. Singh assured the DGPs that his ministry would cooperate and coordinate with the ministry of railways to ensure safety and security. Jan 15, 2015

Finance Minister welcomes RBI rate cut as inflation drops

New Delhi, Jan 15 (ANI): The finance ministry welcomed an inter-meeting rate cut by the RBI on Thursday, and termed it as a positive development for the government's efforts to achieve economic growth without stoking inflation. Finance Minister Arun Jaitley said that the rate cut would lead to more in the hands of consumer and greater spending. The RBI surprised markets with a 25 basis point cut in interest rates on Thursday and signalled it could do more, amid signs of slowing inflation. Jan 15, 2015
breaking-bad-puts-albuquerque-on-the-right-track

"Breaking Bad" puts Albuquerque on the right track

Albuquerque, New Mexico has become somewhat of a mecca for fans of the AMC series Breaking Bad. The success of the show has had a significant local economic impact. Now, the region is trying to keep the momentum going. Duration: 02:22 Jan 15, 2015
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