Kerala CM Pinarayi Vijayan meets Bommai, discusses border development issues
Bengaluru, Sep 18: Kerala Chief Minister Pinarayi Vijayan on Sunday called on his Karnataka counterpart Basavaraj Bommai here and discussed many issues including development of border region.
According to sources, Bommai and Pinarayi held talks related to the development of border region and night traffic on the highway running through the Bandipur tiger reserve.
Opening the NH passing through the ecologically sensitive Bandipur tiger reserve for night traffic had been a long pending demand of Kerala.
The southern state had also approached the Supreme Court to allow night traffic and filed an affidavit saying it was highly discriminating for the people living in the surrounding areas of Bandipur National Park to restrict their right to move freely, they said.
During the meeting, Bommai told Vijayan that the highway running along the Bandipur Tiger Reserve cannot be opened citing Supreme Court order.
The two leaders also held discussion on two pending railway projects and few other highway projects, sources added.
Hon'ble Chief Minister Shri @BSBommai had a fruitful meeting with Shri Pinarayi Vijayan, the Chief Minister of Kerala. Various issues of inter state and mutual interest were discussed.@pinarayivijayan pic.twitter.com/mvrqt8oeM8
— CM of Karnataka (@CMofKarnataka) September 18, 2022
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Indian economy likely to be 'a little weaker' in 2025: IMF MD
Washington, Jan 11: The Indian economy is expected to be "a little weaker" in 2025 despite steady global growth, IMF Managing Director Kristalina Georgieva has said.
Georgieva also said she expects quite a lot of uncertainty in the world this year mainly around the trade policy of the US.
In her annual media roundtable with a group of reporters on Friday, she said global growth is expected to be steady in 2025, but with regional divergence.
Georgieva said she expects the Indian economy to be a little weaker in 2025. However, she did not explain it any further. The World Economy Outlook update week will have more details about it.
“The US is doing quite a bit better than we expected before, the EU is somewhat stalling, (and) India a little weaker," she said.
Brazil was facing somewhat higher inflation, she said.
In China, the world’s second-largest economy, the International Monetary Fund (IMF) was seeing deflationary pressure and ongoing challenges with domestic demand, she said.
"Low-income countries, despite all the efforts they are making, are in a position when any new shock can affect them quite negatively,” Georgieva said.
“What we expect in 2025 is to have quite a lot of uncertainty, especially in terms of economic policies. Not surprisingly, given the size and role of the US economy, there is keen interest globally in the policy directions of the incoming administration, in particular on tariffs, taxes, deregulation and government efficiency,” Georgieva said.
“This uncertainty is particularly high around the path for trade policy going forward, adding to the headwinds facing the global economy, especially for countries and regions that are more integrated in global supply chains, medium-sized economies, (and) Asia as a region," she said.
That uncertainty is actually expressed globally through higher long-term interest rates, even though short-term interest rates have gone down, the IMF Managing Director said.
Donald Trump will be sworn in as the 47th President of the United States on January 20, replacing Joe Biden at the White House.
Trump, 78, has announced plans to impose additional tariffs on countries like China, Canada and Mexico. He has publicly announced the use of tariffs as a key policy tool.
On inflation, the IMF expects global disinflation to continue, Georgieva said.
"As we all recognise, the higher interest rates that were necessary to fight inflation did not push the world economy into recession. They have delivered the desired results. Headline inflation is converging back to target sooner in advanced economies than in emerging markets,” she said.
