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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
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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
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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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