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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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BSE closes points 124.52 up on July 24

New Delhi, July 24 (ANI): Trading at the Bombay Stock Exchange today closed 124.52 points up to stand at 26,271.85. At the National Stock Exchange the Nifty closed 34.85 points up to stand at 7,830.60. Financial Tech and Uco Bank were among the top gainers of Group A with an increase of 10.00% and 5.83% along with Bank of India and Reliance Capital Ltd. with an increase of 4.27% and 4.05% respectively, while the top losers of Group A include IPCA Lab and JPPOWER with a decrease of 13.06% and 7.02% along with Cairn India and Jaiprakash Associates Ltd. with a decrease of 6.67% and 6.06% at the close of the markets. The Auto sector is up 3.67 points at 15,807.83 while the banking sector is up 77.29 points at 17,782.36 and the realty sector is up 6.28 points at 1,977.97. The Indian currency is 0.01% down at Rs 60.10 per dollar. 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
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World Bank Group President meets Arun Jaitley, pledges support

New Delhi, July 23 (ANI): World Bank Group President Jim Yong Kim, who is on a three-day visit to India, met Finance Minister Arun Jaitley and pledged his support in country___s development. Kim said the World Bank Group had pledged financial support to India to boost the nation___s development. Kim said he discussed knowledge based partnership with Jaitley as India is a home to many great innovations. He said they will inculcate India___s innovations at global level and at the same time bring in various developmental projects across the world to India, to boost the nation___s growth. He is scheduled to meet Prime Minister, Narendra Modi, on Wednesday (July 23) to review key development issues pertaining to India. Jul 23, 2014
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