17
Tuesday
October 2017
1:09 PM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
Business News
RBI should help govt revive stalled projects, says Goyal
 
New Delhi, Oct 5 (PTI) As the government looks for a booster shot for the faltering economy, Railway Minister Piyush Goyal today said the Reserve Bank should help reignite stalled projects by creating a framework for restarting them.

"They (RBI) should also help us to reignite the stalled projects. The stalled projects need funding and I think if we can get the support of RBI to help create a framework by which this stalled project can be restarted, we would love to start them yesterday," he said.

Goyal was speaking on the sidelines of the India Economic Summit of the World Economic Forum (WEF).

He did not elaborate however as to what help the government wants from the Reserve Bank of India, which did not lower the key interest rate yesterday at its fourth bi-monthly monetary policy review of the current fiscal.

It also lowered the growth projection to 6.7 per cent for 2017-18, from its earlier estimate of 7.3 per cent.

With demonetisation and implementation of GST slowing down the economic growth to three-year low, the Asia's third biggest economy is looking at measures to create jobs.

Reviving stalled projects is one such measure.

"The good part is this government, led by Modi, is in fiscal stimulus mode right from 3.5 years. Our pace of implementation has been a nature of the stimulus. This is a government which has been giving stimulus continuously, we don't need any time-frame... We continue to persevere to add value to the economy," he said.

The government has been battling wide-spread concerns over growth slowing to 5.7 per cent in April-June, the weakest pace since 2014 when BJP came to power, and is working on a stimulus package to revive the economy.


Federal Bank, DCB profit up on loan growth
Bharti Airtel, Millicom close deal to combine Ghana ops
Leslie Thng takes over as Vistara CEO
India has high growth potential for next two decades: Jaitley
IMF favors three structural reforms in India
Royal Enfield drives into Vietnam, to sell 3 models
Petrol pump dealers call off Friday's strike
Inequality increased in China, India and US: IMF
India seeks UK's expertise for defence manufacturing
EU expands N Korea sanctions
Ford EcoSport Facelift To Get New 1.5-litre Petrol Engine
Idea Cellular tops Trai's 4G upload speed rankings
GST to facilitate ease of doing business: EU
Demonetisation the biggest disaster, GST a great stunt: Mamata
India to renegotiate LNG rate with US, Russia
RBI ups inflation projection to 4.2-4.6% during second half
Sebi bars Skymarg Agro Industries India, 5 directors from mkt
2nd shift at Gujarat plant to help ease demand pressure:Maruti
RBI policy, PMI data hold key to stock markets this week
Loan default: Listed cos get a breather from Sebi
KERALA NEWS
Chalakudy Rajeev murder case: Advocate Udayabhanu seventh accused
 (Kochi, Oct 16, 2017, DG): Advocate Udayabhanu was on Monday made the seventh accused in the  
UDF is against harthals: K Muraleedharan
BJP leaders threaten CPI(M) workers
UDF harthal turns violent
INTERNATIONAL NEWS
Abe on course for landslide win in Japan vote: Survey
 (TOKYO, Oct 16, 2017):Prime Minister Shinzo Abe is on track for a landslide win in Japan's up
12 Rohingya migrants killed in Bangladesh boat capsize
Clinton accuses WikiLeaks of blunting impact of crude Trump
Death toll rises to 189 in massive truck bomb blast in Mogadishu
NATIONAL NEWS
'Taj Built By Traitors,' Says BJP's Sangeet Som, Hate-Speech Giver
 (NEW DELHI, Oct 16, 2017):The world-renowned Taj Mahal has been dragged into an ugly politica
Gujarat Gaurav Yatra: Narendra Modi criticize Nehru-Gandhi family, says Gujaratis are eyesore for them
Bengaluru building collapse: 7 die in suspected cylinder blast; K'taka govt announces Rs 5 lakh ex-gratia
Fundraiser auction for fourth Kochi-Muziris Biennale
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.