Search Results for: forex reserves

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Australia PM Tony Abbott arrives in India; nuclear deal on cards

New Delhi/Mumbai, Sep 04 (ANI): Australian Prime Minister Tony Abbott arrived in Mumbai on Thursday morning to sign a long-awaited deal to sell uranium to his energy-starved hosts and strengthen bilateral ties. Tony Abbott told parliament in Canberra that he hoped to sign a deal this week to sell uranium to India for peaceful power generation, but halted uranium exports to Russia over Moscow's role in Ukraine. Work on an India-Australia agreement has been underway since Australia, which has 40 percent of the world's known uranium reserves, lifted a long-standing ban on selling uranium to energy-starved India in 2012. Nuclear-armed India and Australia have been working on a safeguards agreement since then to ensure any uranium exports from Australia are used purely for peaceful purposes. So far India and Australia have had five rounds of negotiations on the nuclear pact. Bhattacharya added that India expects significant outcome from the visit to further enhance bilateral partnership. During his two-day visit, India and Australia would look at ways to deepen strategic ties and strengthen two-way trade and commerce. Abbott is visiting India and Malaysia as he seeks to deepen trade and personal ties in Asia ahead of the Group of 20 Leaders Summit scheduled to take place in Brisbane i Sep 4, 2014
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Kenyans take up arms to save wildlife

As poaching decimates Africa's elephant and rhino populations – thousands were killed in the past year alone - wildlife reserves in Kenya are increasingly taking up arms to save their wildlife. Duration: 02:54 Sep 1, 2014
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India needs substantial foreign exchange reserves as buffer against outflows: Raghuram Rajan

New Delhi, Aug 15 (ANI): RBI Governor Raghuram Rajan said that country needs substantial foreign exchange reserves as a buffer against capital outflows. India had foreign exchange reserves of $320.56 billion as of the week ending August 1, close to surpassing the record high of $320.785 billion set in September 2011.Rajan has set himself a target of lowering consumer inflation and is even ready to raise rates to achieve it, risking friction with the new government if he is seen as overstepping Aug 15, 2014
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