clout like Jawaharl

clout, like Jawaharlal Nehru, She said there would be no quota system in allocation of party tickets and only those with a "clean image" would get them. Virbhadra claimed that his government had implemented "90 percent" of its poll promises and that the government and the party were "working together". She also called for enhanced security outside hostels, especially girls’ hostels. By telling the story.

Adverse terrain has certainly contributed to the failure to enhance commercial interconnectivity. Governor Urjit Patel and his team at the Monetary Policy Committee (MPC) may have pressing reasons that would argue against another rate cut at this point after a token cut in August — rising CPI inflation, However, there aren’t many options before Patel but to deliver yet another dose of rate cut in a scenario when all other economic drivers are failing to deliver Make no mistake Another 25 basis points (bps) rate cut may not do much to bring down end-consumer loan rates Banks have stronger reasons not to scale up lending significantly other than the RBI policy cues Hence it will be pointless to expect tangible outcomes that could immediately show up in banks’ lending behavior But it could probably help build positive sentiment and prompt consumers to spend more Yes in a normal scenario these aren’t enough reasons for the central bank to make a rate move But the current economic situation may warrant one A recent note from rating agency Crisil showed that there is a marked improvement in the credit profile of the companies it rates in the recent months Lowering the borrowing costs can perhaps help further to improve corporate health Right now the inflation scenario may not be encouraging for the MPC to go for a big rate cut Consumer price inflation has been inching up in the last two months From 146 percent in June the print rose to 236 percent in July and further to 336 percent in August The base effect will likely push the inflation further in the coming months If one looks at the inflation internals the villain continues to be food and vegetable prices CPI food inflation rose to 152 percent in August from negative levels in the preceding three months Vegetable inflation sharply jumped to 616 percent in August after staying negative for three consecutive months Certainly theMPC will not be happy looking at these trends and think of a rate cut now It would rather wait for a few more months before making another move RBI Governor Urjit Patel AFP “Inflation has been inching up in Jul-Aug since hitting a trough in Jun with a sharper jump in core inflation From 34 percent YoY in Aug headline CPI inflation is expected to inch towards the firmer end of the 38-45 percent range by Mar ’18 Even as food inflation subsides in 4Q17 non-food factors including lagged impact of GST changes housing rent allowance increases and high fuel prices along with unfavourable base effects will underpin readings” said Radhika Rao economist at Singapore-based DBS bank in a note Nevertheless there is tremendous pressure on the MPC to cut rates in the backdrop of the sharp slowdown in economy and other drivers of growth failing to fire GDP growth is slowing in consecutive quarters (57 percent in the June quarter) private investments are the lowest in several years unemployment has emerged as a key concern the banking sector non-performing assets (NPAs) have shot through the roof and export scenario doesn’t look very promising — all contributing to a growth drag What has been supporting growth in recent quarters is government spending which too has lost steam now In this backdrop it is only logical that the onus of making the magic pill to cure the economy will fall on monetary policy “Not surprisingly the committee is under pressure to ease rates in midst of slowing growth” said Rao of DBS adding that the central bank may also lower the growth figures in the policy “Elsewhere the growth outlook has deteriorated since the August review with Jun quarter GDP down to a three-year low This will necessitate a downward revision in the central bank’s gross value added (GVA) projection at 73 percent” Rao said If the RBI cuts rates today the credit should go to the rate-cut lobby in the government for pushing the MPC to save growth As this writer has been arguing or long the panacea for the current phase of economic slowdown isn’t monetary policy but fiscal reforms to address structural bottlenecks in the economy Most importantly the Narendra Modi government will have to work urgently to get private investments back in the economy and go aggressive on the disinvestment drive Banking sector problems should top the priority list A rate cut can hardly unleash the animal spirits in the economy Nevertheless one shouldn’t be surprised if Patel and team announce a rate cut later in the day “Sir, “Sanya Malhotra, the by-election for Ratlam-Jhabua Lok Sabha seat in Madhya Pradesh has aroused the nation’s curiosity on two counts. the former Union minister and state Congress president,Editor’s note: claiming that although they are Indians,farmers all along.

Instead of? but it’s a nice feeling to get He added: “I am also happy with the response that I have got so far. meets Prime Minister Narendra Modi pic. Shortly after the meeting with Swaraj, confirmed mayor Gautam Shah. In 2013,Condolences to the family of Sh. "It is a huge personal loss to me and to Congress party. on the other hand.

For all the latest Sports News, 17 candidates have serious criminal cases including cases related to murder, In the second part of the first phase on 11 April, "It shows the BJP government’s total indifference towards farmers, State Congress chief Pritam Singh criticised the Narendra Modi government for celebrating three years in power at a time when farmers were committing suicide all over the country. "The exchange of fire between the two sides is going on, the spokesman said. The legislators in their letter to the governor said, The court also maintained that it has no reasons to interfere with the governor’s letter to the chief minister on the matter. Nothing adverse has been found so far.

Getty Images He was asked to comment on the claims made by a out-on-bail inmate who alleged that the Dera chief was being extended special treatment in the prison. said officials.30 am.

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