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Asian Development Bank president calls on PM Narendra Modi

New Delhi, Feb 06 (ANI): Asian Development Bank (ADB) President Takehiko Nakao met Indian Prime Minister Narendra Modi in New Delhi. Nakao was accompanied with a delegation from the ADB as they discussed matters of mutual interest to India and the ADB, with Modi. After the meet, Modi tweeted a picture of the two leaders shaking hands, reading the caption: "A very productive meeting with Mr. Takehiko Nakao, President of the Asian Development Bank. @ADB_HQ". Meanwhile, the ADB tweeted: "In meeting with @narendramodi, @ADB_HQ Pres Nakao lauds #India's brighter growth prospects". Nakao commended India's efforts to improve business environment and accelerate infrastructure investment. He highlighted the importance of reform measures by India like raising the FDI ceiling in many sectors, fast tracking infrastructure projects and reduction on fuel subsidies. Feb 6, 2015
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AAP's alleged donor files defamation case against AWAM for wrong allegations

New Delhi, Feb 04 (ANI): AAP's alleged donor for money which is being called as 'hawal' money by opposition parties, Jaskeerat Mann Kaur, on Wednesday rebuked AWAM for spreading wrong information among media. Kaur said that a defamation case has been filed against AWAM members and challenged them to produce a proof for their allegations. She even said that AAP has nothing to do with any mishandling regarding bank transactions. Kaur also demanded for a clarification from AWAM within 24 hours about the fake cheques which they showed against AAP alleging money laundering. Feb 4, 2015
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RBI holds interest rates steady, says tracking inflation and government action

Mumbai, Feb 03 (ANI): Reserve Bank of India on Tuesday held interest rates steady while boosting banks' liquidity in a bid to persuade them to lower lending rates after they failed to pass on the benefits of the last official rate cut three weeks ago. The RBI kept its policy repo rate unchanged at 7.75 percent, as expected by analysts, leaving its next reduction probably until after the government presents its annual budget at the end of this month. Instead, to prod banks to lend more and lower their lending rates, the RBI cut the statutory liquidity ratio (SLR) - the minimum portion of net deposits that banks must hold in government bonds, cash or gold - by 50 basis points to 21.5 percent from February. 7. The RBI also announced a slew of initiatives to develop markets, including allowing foreign institutional investors to re-invest government bond coupons even when their investment limits were exhausted. The RBI described the domestic economy as "subdued", regardless of the government revision of gross domestic product data, using a new formula which showed the economy grew 6.9 percent in 2013/14, instead of 4.7 percent. Feb 3, 2015
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AVAM threatens to stage protest from Feb 05, says AAP doesn't believe in freedom of expression

New Delhi, Feb 03 (ANI): AAP Volunteer Action Manch (AVAM) on Tuesday while addressing a press conference stated that it would file a complaint against AAP with Election Commission, Enforcement Directorate and Reserve Bank of India. AVAM also accused political outfit of disrespecting Right to Freedom of Expression and especially denying the Right to Freedom of Expression to its volunteers and ex-volunteers. AVAM added that it has also decided to stage a protest against AAP from February 05. Earlier, AVAM had alleged a massive scam in the funding of AAP, which was later rejected by Kejriwal-led AAP party which stated that all transactions were legitimate. Feb 3, 2015
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Welcome debate on political funding, appealed SC to investigate all parties' accounts: AAP

New Delhi, Feb 03 (ANI): Aam Aadmi Party on Tuesday welcomed to the debate on political funding of parties after NGO named AWAM alleged illegal money transaction into the account of AAP. Yogendra Yadav said that AAP is always ready for such debates which were raised by AAP itself. Kumar Vishwas said that AAP has moved the SC to investigate accounts of last 5 years of BJP, Congress and AAP and find out which party is fraud. Meanwhile, well known banker and AAP leader Meera Sanyal said that it is very easy for the Finance Minister to find out all details about bank transactions of any party but he is not ready to do so. Feb 3, 2015
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Devotees take holy dip in Varanasi to mark 'Magh Purnima'

Varanasi, Feb 03 (ANI): Thousands of devotees took a dip at 'Sangam', the confluence of river Ganges, Yamuna and mythical Saraswati, in the holy city of Varanasi of Uttar Pradesh on the auspicious occasion of full moon day or Magh Purnima on Tuesday. Magh Purnima marks the last day of the month of Magh (January-February) in the Hindu calendar. Devout Hindus stated gathering at the river bank from early in the morning to perform religious rituals. They queued up before priests who had erected makeshift altars on the riverbanks to perform the rituals and offer prayers. Apart from taking a dip in the holy waters, devotees also donate food and clothes on this day. A devotee, Hiranand Pandey said that the tradition is being followed for years now. The month-long festival was marked in Allahabad city and was attended by over 25 lakh pilgrims. According to Hindu practice, a dip at the holy confluence breaks the cycle of rebirth. Feb 3, 2015
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World Bank team reviews Sarnath to boost tourism in Uttar Pradesh

Sarnath, Feb 03 (ANI): A team of specialists from the World Bank arrived in Sarnath city of Uttar Pradesh to inspect the area as part of state government's programme to boost tourism at the pilgrimage site. The team, which is on a two-day visit, has come to help and suggest the government in order to develop the area and boost tourism. Sarnath, located at about 10 km from holy city of Varanasi, is the place where Buddha chose to deliver his first sermon. One of the members of the visiting team, Geetanjali said the team has come to review the area and explore the possibilities of integrating other areas to generate income for the locals. The major priority is to chalk out a development plan by inspecting the main areas. The team would visit the local village areas to understand the livelihood opportunities linked with tourism and inspect the zoo and traffic system of the area. Feb 3, 2015
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