Wednesday, September 20, 2017
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  • Justice (Retired) I M Quddusi of Odisha High Court booked in a corruption case, according to CBI FIR.
Additional measures on the anvil to boost growth: JaitleyFinance Minister Arun Jaitley addresses the media after a cabinet meeting in New Delhi on Wednesday. PTI

Additional measures on the anvil to boost growth: Jaitley

20 Sep 2017 | 7:35 PM

NEW DELHI: The government is working on additional measures to bolster economy, Finance Minister Arun Jaitley on Wednesday said while maintaining that inflation is well under control. An announcement with regard to the steps will be made after consulting Prime Minister Narendra Modi, he said.

[ + read story ]

New Delhi, September 20

The government is working on additional measures to bolster economy, Finance Minister Arun Jaitley on Wednesday said while maintaining that inflation is well under control.

GDP growth hit a three-year low of 5.7 per cent in the June quarter.

(Follow The Tribune on Facebook; and Twitter @thetribunechd)

The minister said an announcement with regard to the additional steps will be made after consulting Prime Minister Narendra Modi.

Jaitley has held a series of meetings in the past few days with some of his ministerial colleagues and senior government officials to take stock of the situation and firm up steps to push up growth.

On inflation, Jaitley said it is still within the statutorily fixed monetary policy target of 4 per cent.

"During monsoon period, vegetable prices generally go up.

This is spike period. When it is 3.36 per cent in the spike period, it is under control as per the traditional Indian standard," he said.

Retail inflation hit a five-month high of 3.36 per cent in August.

"We have taken note of all economic indicators which are available... the government will take any additional moves which are necessary. I am not in a position to announce today in the press conference. I will be certainly consulting the prime minister before that and when we decide, you will come to know," he told reporters here.

He further said this is a proactive government and has been reacting to the situation as when the situation demanded.

"We have been taking appropriate actions... we have been consistently moving on the reform agenda," he stressed.

Two years ago, India was touted as a rare bright spot in a gloomy global economy, with GDP growth outpacing a slowing China.

But since early 2016, GDP growth has fallen for six consecutive quarters, slumping to a three-year low of 5.7 per cent in the April-June quarter, with India losing the fastest growing economy tag to China for the second straight quarter.

Sectoral reasons and action points would be prepared, sources said, adding that high-level discussions with ministries such as the railways have been held to assess the capital requirement for the year and more such meetings would follow.

"We have taken note of all indications which are coming and over the last two days, I have had a series of discussions with some of my colleagues, secretaries and other experts within the government," the minister said.

Yesterday, he had a two-hour long review meeting that was attended by Commerce Minister Suresh Prabhu, Railway Minister Piyush Goyal and Niti Aayog Vice-Chairman Rajiv Kumar.

Besides, Additional Principal Secretary to the Prime Minister, P K Misra, Commerce Secretary Rita Teaotia, secretaries of the finance ministry and Chief Economic AdvisEr Arvind Subramanian were part of the deliberations.

Apart from a falling GDP growth rate, exports are facing strong headwinds and the industrial growth is the lowest in five years.

The current account deficit (CAD) -- the difference between inflow and outflow of foreign exchange -- rose to 2.4 per cent of GDP in April-June. — PTI 

Congress declares Sunil Jakhar as its Gurdaspur bypoll candidate

Congress declares Sunil Jakhar as its Gurdaspur bypoll candidate

20 Sep 2017 | 4:46 PM

NEW DELHI: Congress president Sonia Gandhi on Wednesday approved the name of Punjab Congress president Sunil Jakhar as the party candidate for the Gurdaspur Lok Sabha bypoll.

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20 Sep 2017 | 3:53 PM

CHANDIGARH: Chairs of High Court judges and tables from offices of Punjab’s ministers are among the furniture designed by Le Corbusier that has been smuggled out of the state.

Need revenue for public spending: Govt on high oil taxes

Need revenue for public spending: Govt on high oil taxes

20 Sep 2017 | 6:34 PM

NEW DELHI: Finance Minister Arun Jaitley provided no indication on Wednesday of any cut in excise duty on petrol and diesel to cushion the spike in rates, saying that the government needs revenue to support public spending without which growth will suffer.

Punjab Police takes custody of accused in Jassi honour killing case

Punjab Police takes custody of accused in Jassi honour killing case

20 Sep 2017 | 5:34 PM

CHANDIGARH: A three-member Punjab Police team took custody of the two prime accused in the sensational Jassi honour killing case earlier on Wednesday.

Over 600 skeletons buried in Dera, admits senior vice chairman

Over 600 skeletons buried in Dera, admits senior vice chairman

20 Sep 2017 | 1:30 PM

CHANDIGARH: Dr PR Nain, senior vice chairperson of the Dera Sacha Sauda has admitted that nearly 600 skeletons can be found buried inside the Dera headquarters in Sirsa.

Inquiry against senior UP cop for taking bribe to release Punjab criminal

Inquiry against senior UP cop for taking bribe to release Punjab criminal

20 Sep 2017 | 2:12 PM

LUCKNOW: An inquiry has been ordered in the alleged deal made by a UP special wing IG to let go Nabha jailbreak accused Gopi Ghanshyampura from police detention in Lucknow.

ND Tiwari suffers brain stroke, hospitalised: Son

ND Tiwari suffers brain stroke, hospitalised: Son

20 Sep 2017 | 4:45 PM

NEW DELHI: Former Union Minister ND Tiwari was admitted to a private hospital on Wednesday here after he suffered a brain stroke, his son Rohit Shekhar Tiwari said.

BSF guns down two Pakistani smugglers in Ajnala sector

BSF guns down two Pakistani smugglers in Ajnala sector

20 Sep 2017 | 5:36 PM

AMRITSAR: Two Pakistani smugglers, who were trying to breach the Indo-Pak border, were on Wednesday killed in an encounter with the BSF at Shahpur Border outpost in Ajnala sector.

21 schoolchildren among 248 dead in powerful Mexico earthquake

21 schoolchildren among 248 dead in powerful Mexico earthquake

20 Sep 2017 | 3:47 PM

MEXICO CITY: A magnitude-7.1 earthquake stunned central Mexico on Tuesday afternoon (local time), killing at least 248 people, including 21 children, as buildings collapsed in plumes of dust.

Death penalty for hooch deaths in UP; Govt may issue ordinance

Death penalty for hooch deaths in UP; Govt may issue ordinance

20 Sep 2017 | 7:20 PM

LUCKNOW: In a bid to clampdown on the state's illicit liquor mafia, the Uttar Pradesh government has decided to add a section in the Excise Act to provide for death penalty or life imprisonment for those responsible for hooch deaths.


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No floor test in Tamil Nadu Assembly till further orders: HC

No floor test in Tamil Nadu Assembly till further orders: HC

20 Sep 2017 | 5:34 PM

CHENNAI: Declining a stay on the disqualification of 18 rebel AIADMK MLAs, the Madras High Court on Wednesday ordered that no floor test should be held in the Tamil Nadu Assembly till further orders nor can by-elections be held in those Assembly constituencies.

CITY FOCUS

Another maternal uncle arrested

20 Sep 2017 | 1:39 AM

CHANDIGARH:In a major development in the 10-year-old’s rape case, the UT police today arrested the second accused in the case, younger brother of accused Kul Bahadur who was arrested earlier by the police for raping the minor.

NoFarmers start a protest in Longowal. Tribune photo

Case against 40 for attacking SHO; farmers allege police harassed women

20 Sep 2017 | 11:35 AM

SANGRUR: The Longowal Police on Tuesday night registered a case against 40 farmers and their family members for attacking a SHO and a police party .

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20 Sep 2017 | 1:28 PM

CHANDIGARH:Implication of innocent persons by Punjab Police over the past decade has been a matter of guesses and assumptions for long.

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Sikh boy wins right to wear turban to school in Australia

20 Sep 2017 | 11:48 AM

MELBOURNE:A Sikh family in Australia today won a legal battle against a Christian school which refused to enrol their five-year-old son because of his turban.

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Gurugram murder: HC notice to Haryana; no relief for Ryan trustees

Gurugram murder: HC notice to Haryana; no relief for Ryan trustees

20 Sep 2017 | 2:16 PM

CHANDIGARH: The Punjab and Haryana High Court on Wednesday issued notice to the Haryana Government on the anticipatory bail plea filed by the three trustees of Ryan International School in connection with the murder of a student in its Gurugram school.

Vikramaditya bats for one family-one ticket norm

Vikramaditya bats for one family-one ticket norm

20 Sep 2017 | 12:28 AM

SHIMLA: In what may come as a major shocker to most, Vikramaditya Singh, State Youth Congress president and son of Chief Minister, today said he is in favour of adopting the principle of one family-one ticket during the ensuing Assembly polls, putting a question mark on whether Virbhadra Singh will contest or not.

Eye on LS poll, Shah prepares strategy

Eye on LS poll, Shah prepares strategy

20 Sep 2017 | 12:04 AM

DEHRADUN: With an eye on the 2019 general election, BJP president Amit Shah today held talks with party leaders of Uttarakhand, office-bearers of various units, MPs and MLAs for strengthening the party where the BJP received a thumping majority in the 2017 elections.

Third suspect arrested in London Tube train bombing

Third suspect arrested in London Tube train bombing

20 Sep 2017 | 1:14 PM

LONDON: British Police have arrested a third man in connection with the terror attack on a packed London Tube train that wounded 30 people last week. Scotland Yard’s Counter-Terrorism Command investigating the Friday attack arrested the 25-year-old from Newport, South Wales on Tuesday.

Sensex ends flat in cautious trade ahead of Fed’s outcome

20 Sep 2017 | 4:05 PM

MUMBAI: The benchmark BSE Sensex ended flat at 32,400.51 points after a range-bound trade as investors awaited the US Federal Reserve’s policy decision for further direction.

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BCCI nominates MS Dhoni for Padma Bhushan award

20 Sep 2017 | 6:42 PM

NEW DELHI: The Indian cricket board has nominated Mahendra Singh Dhoni for the country’s third highest civilian award — the Padma Bhushan — for his contribution to the game.

No

Sindhu, Saina and Srikanth enter 2nd round of Japan Open

20 Sep 2017 | 6:38 PM

TOKYO: Newly-crowned Korea Open champion PV Sindhu dished out another splendid performance edging past Japan’s Minatsu Mitani for the second time in as many weeks to reach the second round of the women’s singles at the Japan Open Super Series, here on Wednesday.

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PCB bans Khalid Latif for 5 years for spot-fixing in PSL

20 Sep 2017 | 6:49 PM

KARACHI: Pakistan Cricket Board (PCB) has imposed a five-year ban and a fine of one million rupees on batsman Khalid Latif for his involvement in spot-fixing during the PSL.

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