Political stability lead bumper growth
12.03.2017 13:54:27 – Global rating agency Fitch today said, Indian economy will grow by 7 (point) 1 per cent in the current fiscal before stepping up to 7 (point) 7 per cent in the next two financial years. The US-based agency has termed the 7 per cent GDP growth for the October-December quarter as surprising and a tad lower than 7.4 per cent in the previous quarter.
Mr Mukherjee said, happiness should also be shared with
the needy and downtrodden on this day.
Vice President Hamid Ansari said that Holi marks the onset of warmer season and celebrates the victory of good over evil. He hoped that the festival brings peace, harmony, prosperity and happiness to everyones lives.
Prime Minister Narendra Modi has said, a new India is emerging, which is being powered by the strength and skills of 125 crore Indians.
Saying that the new India stands for development, he asked people to take the I Am New India pledge on the Narendra Modi Mobile App and express commitment towards building a new India.
In a series of tweets today, Mr Modi said, people must make Mahatma Gandhi, Sardar Vallabh Bhai Patel and Dr B R Ambedkar proud by the time the nation celebrates 75 years of freedom in 2022.
The ‘Narendra Modi Mobile App’ has an enhanced look with many new features to provide a unique user experience. The App has a new and re-imagined feed and enables easier reading and sharing of news.
BJP Parliamentary Board will meet shortly in New Delhi to discuss the possible names for the Chief Ministership in the states where it has got the majority. The meeting will be attended by Prime Minister Narendra Modi, BJP President Amit Shah and other senior leaders.
Ahead of Parliamentary Board Meeting, the Prime Minister will lead a road show near BJP headquarters in the national capital. He will also be felicitated for resounding victory in the assembly polls.
Briefing media yesterday, Amit Shah had said, the Chief Ministers will be chosen on the basis of merit and capability. The party has secured three-fourth majority in Uttar Pradesh and Uttarakhand assembly polls.
Punjab, Captain Amarinder Singh will be sworn in as Chief Minister of the state on 16th of this month at Raj Bhawan in Chandigarh. A spokesman of the Governor House told AIR that Captain Amarinder Singh met the state Governor V P Singh Badnore in Chandigarh today and staked claim to form the government.
He presented the list of Congress legislators to the Governor. He met the Governor along with Congress leaders Asha Kumari and Ashok Gehlot. Amrinder Singh will meet Rahul Gandhi on 14th March to discuss his about his future cabinet.
Earlier, during a meeting of the newly elected legislators, he was elected Leader of the Congress Legislature Party in Chandigarh in the presence of central observers of the party.
Punjab Chief Minister, Parkash Singh Badal submitted his resignation to the Governor. The Governor asked him to continue till the new government takes oath. Prior to it, Badal held a meeting of the Cabinet which took a decision to recommend the dissolution of 14th Punjab Assembly to the Governor.
Global rating agency Fitch today said, Indian economy will grow by 7 (point) 1 per cent in the current fiscal before stepping up to 7 (point) 7 per cent in the next two financial years. The US-based agency has termed the 7 per cent GDP growth for the October-December quarter as surprising and a tad lower than 7.4 per cent in the previous quarter.
It said the December quarter GDP number suggests that economic activity was hardly hit by the cash crunch after the government’s move to remove 86 per cent of currency in circulation overnight.
Fitch said, gradual implementation of the structural reform agenda is expected to contribute to higher growth, as will higher real disposable income. Fitch projection of growth for this fiscal is in line with the estimates of global think-tank The Organisation for Economic Co-operation and Development, OECD. The rating agency said it expects the policy interest rate to stay at its current level of 6.25 per cent.
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