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politicos-welcome-rbis-decision-to-slash-repo-rate-by-25-basis-points-to-7-75-percent

Politicos welcome RBI's decision to slash repo rate by 25 basis points to 7.75 percent

New Delhi, Jan 15 (ANI): Politicos on Thursday welcomed the Reserve Bank of India's decision to slash repo rate by 25 basis points to 7.75 percent. Reserve Bank of India Governor Raghuram Rajan took markets and corporate India by surprise early Thursday morning when he announced a long-awaited cut in the repo rate by 25 basis points to 7.75% with immediate effect. This is the first repo rate cut since May 2013. Finance Minister Arun Jaitley and Minister of State for the ministry also welcomed the decision and saw the same as beneficial for the nation building. Jan 15, 2015
market-expert-welcomes-slash-in-repo-rate-by-25-basis-points-to-7-75-percent

Market Expert welcomes slash in repo rate by 25 basis points to 7.75 percent

Mumbai, Jan 15 (ANI): The Reserve Bank of India (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 and what it said was a government commitment to contain the fiscal deficit. Stock Market Expert Sunil Saha termed it as a pleasant surprise and added that long term outlook for inflation looks quite rosy. Jan 15, 2015

Sakshi Maharaj raises question over dead bodies found floating in River Ganges

Unnao, Jan 15 (ANI): BJP leader Sakshi Maharaj raised question over unidentified bodies found around a bank of River Ganges. Nearly 50 bodies were found in revered River Ganges in Uttar Pradesh on Tuesday. Dogs, crows and vultures dug into bodies as they had reached the bank due to low water level, posing major environment challenges in the areas under Unnao district. Maharaj visited the site where bodies were buried after they were recovered from the river bank. He said this matter should be investigated thoroughly to unearth the truth. Jan 15, 2015
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Finance Minister Jaitley holds pre-budget meet with IT sector representatives

New Delhi, Jan 15 (ANI): Finance Minister Arun Jaitley met representatives of Information Technology (hardware and software) sector ahead of the budget to discuss issues faced by the industry. Jaitley is due to present the BJP-led government's 2015/16 budget and its fiscal deficit target to parliament at the end of February. Chief Executive Officer (CEO) of Infosys, Vishal Sikka praised Jaitley for making an effort to meet everyone for pre-budget consultations. The budget statement will be preceded by Reserve Bank of India (RBI) policy meeting on February 03, with some speculation that the central bank could lower its key interest rate, which has stayed unchanged at 8 percent since January 2014. Jan 15, 2015
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Uma Bharti seeks report on unidentified bodies in River Ganges

New Delhi, Jan 14 (ANI): Water Resources Minister Uma Bharti on Wednesday said the ministry will probe the matter of unidentified bodies found around a bank of the River Ganges. Nearly 50 bodies were found in revered River Ganges in India's northern state of Uttar Pradesh on Tuesday. Dogs, crows and vultures dug into bodies as they had reached the bank due to low water level, posing major environment challenges in the areas under Unnao district. Bharti said she had received information on the unidentified bodies and would deploy officials from her own ministry on the spot, to send her a detailed report. Jan 14, 2015
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