21
Wednesday
February 2018
2:46 AM 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.


Rupee falls 31 paise against US dollar in opening trade
Tata Steel emerges as the highest bidder for Bhushan Steel with a surprise bid of Rs 35,000 crore
Debt-laden Aircel to file for bankruptcy at NCLT
Gold slips on fall in demand, global cues
PNB fraud: Nirav Modi, Mehul Choksi's passport suspended; 50 more firms to be raided
Rupee gains 6 paise against dollar in opening trade
Sensex rises 196 pts, Nifty reclaims 10,600-mark
Re gains 14 P to trade at 2-week high in opening trade
Uber CEO aims to pare losses and get 'the love back'
Jewellery stocks take a hit after PNB fraud
Sensex rises over 200 points, Nifty near 10600
Trump slams India for high import tariffs on Harley-Davidson
PM woos investors at Oman-India business meeting
Sensex sheds 144 pts in late sell-off; bank stocks sink
Rupee gains 19 paise against dollar in opening trade
Sensex recovers 260 points, Nifty above 10,500-mark
Sensex drops below 34K, Nifty loses over 1.5% amid global fall
Rupee drops 13 paise against dollar at 64.39
Cola And Junk Food Advertisements Banned by Government on Cartoon Channels
Gold plunges by Rs 600 to below Rs 31,000 level
KERALA NEWS
'Kudumbashree' to foray into e-commerce
 (Thiruvananthapuram, Feb 20, 2018): After its success saga in a series of fields ranging from  
Pandalam woman jumps to death from hospital building
SC to hear tomorrow actress Priya Varrier's plea
Shuhaib murder: Police find crucial lead
INTERNATIONAL NEWS
Palestinian leader goes to the UN to counter US on Jerusalem
 (Feb 20, 2018): Palestinian leader Mahmud Abbas will urge world powers at the UN Security Cou
Maldives leader seeks approval to extend state of emergency
Imran Khan ties knot for third time, confirms party
Lanka Army enlists 11 former LTTE members
NATIONAL NEWS
J-K youths, children meet President
 (New Delhi, Feb 20, 2018): Youths and children, who were hit by militancy in Jammu and Kashm
SBI Card cautions customers against Bitcoin investment
Cong, CPI-M demand discussion on PNB fraud
CBI refuses to disclose expenses incurred to bring back Vijay Mallya, Lalit Modi
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.