Chidambaram rates Modi govt's Budget 2020 'zero'; raises questions over $5 trillion economy target
finance minister P Chidambaram, during an interview with India Today on
Thursday, rated Modi government's Budget 2020 as "zero". He said
the compelling need of the hour was to arrest the six-quarter decline
and revive growth, but the budget offered nothing. "Therefore, I would
not hesitate to rate it zero," he said.
Coronavirus kills 'hero' Chinese doctor who sounded alarm as toll passes 630
Chinese doctor who tried to warn the world about a new coronavirus died
of the disease on Friday, prompting an outpouring of sorrow as the
death toll passed 630 and Beijing declared a "people's war" on the
rapidly spreading pathogen. Li Wenliang, 34, died in the early hours of
the morning at the hospital where he worked and first raised the alarm
about the new coronavirus in the central Chinese city of Wuhan.
RBI Monetary Policy: Your interest rate on home, car loans won't reduce anytime soon
Reserve Bank of India's inflation projection shows that the window for
further cut in repo rate will be open only towards the end of 2020. The
retail inflation, or the consumer price index (CPI), which the RBI
tracks to fix interest rates is expected to go below the targeted 4 per
cent by the third quarter of 2020-21.
French energy major Total SA to buy 50% stake in Adani's solar business for $510 million
oil major Total SA will invest $510 million to acquire a 50% stake in
Adani's solar assets. As a part of the binding agreement between the two
companies, Total SA will own half of a joint venture (JV) company that
will house 2,148 MW of operating solar projects owned by Adani Green
Energy Ltd (AGEL) which will hold the balance (50%) stake in it, the
companies said in a joint statement on Thursday.
Merger process big challenge for PSBs; need to be careful on tech integration: SBI Chairman
Bank of India Chairman Rajnish Kumar has said that 10 public sector
banks that are on verge of merger need to "very" careful when it comes
to technology integration. Maintaining that one of the key challenges
for PSBs would merger process, Kumar said they needed to be careful on
Modi says fundamentals of Indian economy strong
Minister Narendra Modi on Thursday said the fundamentals of the Indian
economy were strong and had inherent capability for higher growth rates.
Replying to the debate in Rajya Sabha on a motion thanking the
president for his address to the joint sitting of both houses of
Parliament, he said there was no reason for being despondent. Modi said
the focus on 'Make in India', his government's flagship scheme to boost
domestic manufacturing, is yielding results.