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Economic growth will make sharp recovery: RBI governor
News Content Reserve Bank Governor Urjit Patel today said India's economic growth will make a sharp recovery following the recall of old 500 and 1,000 rupee notes. In an interview to CNBC-TV18, Mr Patel made a strong case for continuing with globalisation, even in the face of a potential shift to trade protectionism under US President Donald Trump, as India has benefited from open trade. He said, the remonetisation has happened at a fast pace and that was part of the plan. RBI last week lowered economic growth projection for the current fiscal to 6.9 per cent from the previously estimated 7.1 per cent, but saw it bouncing back in a big way to 7.4 per cent in 2017-18. Mr Patel said, the benefit of junking 86 per cent of currency in circulation will take time to fully play out and needs more work to ensure they are lasting.
Five new Supreme Court judges sworn-in, taking strength to 28
Five new Supreme Court judges were today sworn in, taking the apex court's strength to 28. Justices Sanjay Kishan Kaul, Navin Sinha, Mohan M Shantanagoudar, Deepak Gupta and S Abdul Nazeer were administered the oath of office by Chief Justice of India J S Khehar this morning.
Bandaru Dattatreya expresses grief over loss of life of Indian origin student in US
Union Labour and Employment Minister Bandaru Dattatreya has expressed grief over loss of life of an Indian origin student in the US. In a statement, he expressed shock over the death of a Telugu student Vamsi Mamidala in a shootout incident at San Francisco on 10th of this month.
US: Robert Harward reportedly turns down National Security Adviser offer
US President Donald Trump's choice for National Security Adviser, Retired Vice-Admiral Robert Harward, has reportedly turned down the job offer. He was widely tipped for the post after Mr Trump fired Michael Flynn on Monday.
Indian Ambassador to Nepal Inaugurates School
Indian Ambassador to Nepal Ranjit Rae inaugurated a school and hostel at Sarlahi district today. On this occasion Ambassador said that India gives high importance to the development of education sector in Nepal. These buildings have been constructed with the Indian financial assistance of 1.74 Crore Nepalese rupees.The school is one of 269 education projects that have been constructed under Small Development Project Scheme of the Government of India in Nepal.
Karnataka: HAL signs MoU with CPWD for execution of infrastructure development works
In Karnataka, the Defence aviation major Hindustan Aeronautics Ltd (HAL) which is setting up a full fledged helicopter development facility in Tumakuru, about 70 km from Bengaluru, today signed a Memorandum of Understanding(MoU) with Central Public Works Department (CPWD) for execution of infrastructure development works.
Foreign tourist arrivals seen growth of 16.5% in Jan 2017 as compared to Jan 2016
Foreign tourist arrivals to India for the month of January this year has seen a growth of 16.5 percent as compared to the same period last year. An official release said, the number of Foreign Tourist Arrivals in January were 9.83 lakh.
Wholesale inflation rises to 30-month high of 5.25% in January this year
Wholesale inflation rose to a 30-month high of 5(point)25 per cent in January this year. Inflation rose amid climbing global crude oil prices, even though food prices moderated. Wholesale price index based inflation had stood at 3.39 per cent in December last year, and minus 1.07 per cent in January last year.
Courtesy: AIR News
Courtesy: AIR News