1. RBI revises growth figures:-
Mumbai: As expected, the Reserve Bank of India has key rates unchanged in its monetary policy review. This means that your EMIs don't change. GDP growth figures have been revised marginally.
Weighed down by a weak rupee, the Reserve Bank today chose to keep all key interest rates unchanged and asked the government to take urgent steps to reign in the high current account deficit.
Lowering the GDP growth projection for the current fiscal to 5.5% from 5.7%, the central bank said the external sector is the "biggest threat" to economic stability
Apart from criticising political parties of vested interests, Singh
also alleged that no party was interested in the "genuine'' development
of Uttar Pradesh, the main reason why the bifurcation of the state has
been delayed for so long."
Mumbai: As expected, the Reserve Bank of India has key rates unchanged in its monetary policy review. This means that your EMIs don't change. GDP growth figures have been revised marginally.
Weighed down by a weak rupee, the Reserve Bank today chose to keep all key interest rates unchanged and asked the government to take urgent steps to reign in the high current account deficit.
Lowering the GDP growth projection for the current fiscal to 5.5% from 5.7%, the central bank said the external sector is the "biggest threat" to economic stability
It
also said that the recent liquidity tightening measures, taken to
support the rupee, will be rolled back in a calibrated manner as
stability is restored to the foreign exchange market, enabling it to
revert to the policy of supporting growth with continuing vigil on
inflation.
The RBI will endeavour to keep inflation, which is under threat from a depreciating rupee, at 5 per cent by March end.
2. Clamour for smaller states grows, now, RLD bats for Harit Pradesh:-
Amid clear indications that the congress
leadership is inclined in favour of carving out a separate Telangana
from Andhra Pradesh, union minister Ajit Singh led-Rashtriya Lok Dal
(RLD) has stepped up the demand for Harit Pradesh.
RLD chief and Civil Aviation Minister Ajit Singh said the western part
of the state should be separated from UP and given an independent
identity.
"We want smaller states. We also bat for Bundelkhand. A separate
state of Bundelkhand should also be carved out from Madhya Pradesh," he
told Daily Bhaskar in an exclusive interview on Monday.
He renewed his demand for the small-state-for-big-development
mandate. Singh said, "The demand for Telangana has been heard. We are
making a similar demand for Harit Pradesh for the betterment of the
people
in these parts," the union minister said.
Since 2004, RLD has taken up the cause of smaller states for better administration and development.
"Uttar Pradesh has a population of over 17 crore. I am certain the
administration, if asked, will not even be able to name all districts
correctly. The sheer size of the state makes it unmanageable. We are,
therefore, all for splitting UP into four parts -- Harit Pradesh,
Poorvanchal, Bundelkhand and Madhya Uttar Pradesh," Singh said.
Raising concerns over the prospects of farmers living in west UP,
he said western UP contributes to a large chunk (nearly 72%) of the
state's total income. "In turn, what western UP gets is not enough. Just
18% of the state's budget is spent on its development. This anomaly
makes the people of this area dissatisfied," Singh added.
The RLD also made fresh demands for the setting up of a Rajya
Punargathan Ayoga, an independent body that would be given the charge of
catering to such demands emanating from across the country.
No comments:
Post a Comment