PM to meet economists, sectoral experts on Jan 10
New Delhi: With about three weeks left for Union Budget 2018-19, Prime Minister Narendra Modi will meet leading economists and sectoral experts at Niti Aayog on January 10 to deliberate on steps which could be taken to boost growth and generate employment.
The meeting, according to a senior government official, will be attended by vice chairman and members of Niti Aayog, members of Economic Advisory Council to the Prime Minister (EAC-PM), economists and sectoral experts.
The meeting comes in the backdrop of latest estimates of national income by Central Statistics Office (CSO) which showed that India's growth is expected to slow down to four- year low of 6.5 per cent this fiscal, the lowest under the Modi-led government.
The Gross Domestic Product (GDP) was 7.1 per cent in 2016-17 and 8 per cent in the preceding year. It was 7.5 per cent in 2014-15.
Finance Minister Arun Jaitley will present Union Budget on February 1, the last full (rpt) full budget of the NDA government before the 2019 Lok Sabha election.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Russian First Deputy PM Manturov meets PM Modi; discusses trade, energy ties
New Delhi (PTI): Russia's First Deputy Prime Minister Denis Manturov on Thursday called on Prime Minister Narendra Modi and discussed ways to strengthen bilateral ties in areas of investment, energy and industrial cooperation.
Manturov, on a two-day visit to India, also held talks with External Affairs Minister S Jaishankar and National Security Advisor Ajit Doval.
The Russian embassy said Modi and Manturov discussed "specific steps to implement agreements reached" during the India-Russia summit held in December last.
"Particular attention was paid to further strengthening Russia-India trade, economic, investment, energy and industrial cooperation," it said on social media.
In their meeting, Doval and Manturov were learnt to have discussed bilateral defence cooperation besides the evolving regional security situation.
The Russian first deputy PM's visit to New Delhi comes days after India cleared procurement of a fresh batch of five S-400 missile systems from Russia.
The decision to procure the additional batch of five S-400 air defence missile systems was taken against the backdrop of the missile system proving its capability during Operation Sindoor.
The missile system played a crucial role in India's dominance over Pakistan during the May 7-10 hostilities last year.
In October 2018, India had signed a USD 5 billion deal with Russia to buy five units of S-400 air defence missile systems, notwithstanding a warning by the US that going ahead with the contract may invite US sanctions under the provisions of Countering America's Adversaries Through Sanctions Act (CAATSA).
Three squadrons have already been delivered.
In the talks, the two sides are also expected to exchange views on the West Asia conflict and its impact on global economy, especially on the energy sector.
It is learnt that both sides also reviewed the implementation of decisions taken at the summit talks between Prime Minister Modi and Russian President Vladimir Putin in last December.
Following talks between the two leaders, India and Russia unveiled a raft of measures including a five-year roadmap to build a robust economic partnership and to increase the annual trade to USD 100 billion by 2030.
Russian Foreign Minister Sergey Lavrov last week lauded India's "independent foreign policy" and said that Russia looks forward to welcoming Prime Minister Modi for a visit this year.
In an address at a conference titled 'India and Russia: Towards a new bilateral agenda', he said the "time-tested" friendship between the two countries is a model on interstate relations based on mutual trust and respect.
