Monday, September 3, 2012

Tajikistan President's India Visit

Visiting President of the Republic of Tajikistan, Emomali Rahmon expressed his views on expeditious conclusion of the Mumbai terror attack trial in Pakistan and called for “active prosecution of the authors of such crimes and their accomplices”. In his visit he held talks on key regional and international issues and reviewed the current status of bilateral ties apart from deciding to elevate it to “strategic partnership” which will include cooperation in a wide spectrum of areas, including political, economic, defence and counter-terrorism, with Prime Minister Manmohan Singh.
The talks were mainly focused on terrorism but also included economic matters also.

Inflation not growth is of more priority

If India want to control high inflation, RBI Governor D Subbarao said compromise in growth is “inevitable” amid efforts to bring down prices to acceptable levels. RBI Governor D Subbarao accepted the criticism that even after  raising interest rates and running a tight monetary policy, inflation is still “high and persistent” and growth has been hurt. But there is no other way explains Governor. He said the sacrifice in growth is short-term and if the inflation is under control growth will be more stable. Inflation based on the Wholesale Price Index stood at 6. 87 percent in July which is above RBI’s comfort level of 5-6 percent.
“In order to support growth, we need to keep interest rates low but in order to rein in inflation we have to keep interest rates high. The challenge is how do we manage growth-inflation trade off,” he said.

India lifts Nehru cup once again

India wins Nehru cup third consecutive time. This time beating Cameroon in penalty shootout. The ONGC Nehru Cup is an international association football tournament organised by the All India Football Federation (AIFF). The tournament was hosted in New Delhi, India. The other teams in the tournament were Maldives, Syria and Nepal.

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