Search Results for: economic recession

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Infiltration could increase before JandK polls: JN Choudhury

New Delhi, July 25 (ANI): National Security Guard (NSG) Chief JN Choudhury said that Pakistan-based militant outfits could mount 2008 Mumbai like attacks on the country. Choudhury said objective of militants was to thwart India_s economic growth. The violence, which India blames on the Pakistani militant group Lashkar-e-Taiba, temporarily ruptured a fragile peace process between the two countries. The NSG added the attack would have huge impact on the nation. Choudhury also warned that infiltration across the border would increase due to upcoming polls in Jammu and Kashmir. Jul 25, 2014
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Rural development most challenging field of economic activity: Arun Jaitley

New Delhi, July 24 (ANI): Addressing the National Seminar for Rural Finance, Finance Minister Arun Jaitley said on Thursday that rural development is the most challenging field of economic activity. Jaitley also used the occasion for congratulating the National Bank for Agricultural & Rural development (NABARD) for having completed 32 years of fruitful and productive existence. Jaitley stressed upon the problems before rural development, adding that a majority of India’s population lives in rural areas and depend on farming for subsistence. The finance minister also brought up the issue of quality of life in rural areas of India saying that there are miles to go before achieving satisfaction. Jul 24, 2014
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World Bank chief welcomes new BRICS development bank

New Delhi, July 24 (ANI): The World Bank welcomed a $100 billion development bank founded by the BRICS nations and is ready to provide it with technical assistance, the World Bank president said after a meeting with Prime Minister, Narendra Modi. The BRICS developing nations - Brazil, Russia, India, China and South Africa - announced the bank last week, saying it would fund infrastructure projects in developing nations - a reflection of their growing importance in the world economy. The World Bank group was ready to increase its financial support to support job-oriented skills and infrastructure development in India to $15 billion to $18 billion over the next three years, Jim Yong Kim, World Bank Group President who looked inspired by Modi's economic agenda and policies, said that Modi has set-up some goals for the bank and they would make all efforts to achieve those. He also applauded Modi government's targets of ambitious growth rates. Jul 24, 2014
Narendra Modi

India Bids to Reassert Influence in Nepal with Power Pact

India is set to offer Nepal a landmark pact to help develop its huge hydro-electric power potential as the South Asian giant takes another step to re-assert influence among smaller neighbours where China has been forging closer ties. Jul 24, 2014
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New Delhi faces urbanization crisis as world_s second most populous city

New Delhi, July 22 (ANI): Indian capital New Delhi, which was recently named the second most populous city in the world after Tokyo, is bursting at the seams - struggling to meet the challenges of a population explosion, experts warned. Home to 25 million people, a number more than the population of Australia, Delhi has become the world_s second most populous city, said a United Nations report released by its Department of Economic and Social Welfare. The primary problem, the report stated, lies in migration of people from rural areas to urban areas in lookout for better living conditions. Meijer said it is difficult to stop people from migrating but advised a managed and fair distribution of revenues by the government to ensure good quality of living for all sections. Jul 22, 2014
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