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Nawaz Sharif to decide on India's invitation later today: Pak Foreign Ministry

Islamabad, May 22 (ANI): Continuing speculations on whether Pakistan Prime Minister Nawaz Sharif will attend the oath-taking ceremony of Narendra Modi as India's next prime minister or not, country's foreign ministry spokesperson Tasnim Aslam said that the decision will come later on Thursday itself. She said that on appointment of new Indian government, the nation has lot of expectations which could foster the peaceful relations between the two neighbours. Pakistan also hoped for an uninterrupted and uninterruptible dialogue between the two countries. May 22, 2014
Nikkei

Asian Shares, Australian Dollar Rise on Firm China PMI

Asian shares and the Australian dollar rose on Thursday after an upbeat reading on China's factory sector blunted some of the more pessimistic views on the world's second-biggest economy, supporting risk appetite already burnished by a strong session on Wall Street. May 22, 2014
rbi-governor-says-fiscal-discipline-key-for-economic-growth

RBI governor says fiscal discipline key for economic growth

New Delhi, May 21 (ANI): RBI governor Raghuram Rajan has reiterated his call for fiscal discipline. Rajan stated that it is essential for the country to achieve sustainable economic growth. Although the comments were part of a broader speech on public sector banks, they come as India's newly elected government led by Narendra Modi is set to face its first credibility test with markets when it delivers a budget by July. Rajan repeated his call while noting that India would not always be able to rely on banks to buy a large portion of its government debt as it usually does. Banks, in turn, raise the funds needed to buy the bonds by attracting deposits from retail investors. May 21, 2014
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