The minister appreciated the contribution of Reserve Bank of India governor Raghuram Rajan
GN Bureau | June 20, 2016
Commerce minister Nirmala Sitharaman on Monday tried to play down the controversy regarding RBI governor Raghuraman Rajan’s decision to quit, saying “government respects his decision”.
“We appreciate his contribution and respect his tenure,” she said.
Raghuram Rajan announced on Saturday that he would not continue to head the central bank after his term expires on September 4.
Talking to members of the Indian Women’s Press Corps (IWPC) here on Monday, Sitharaman said she would not like to add to the speculations that Rajan’s announcement had shaken up the confidence of markets. “Is that a shake up,” she reacted when asked about the fall in sensex.
She however said the government was keenly watching the Brexit – poll in UK to enable the country to determine if it should continue to be part of the European Union (EU) – to see what impact it would have on exports. She said there were all kinds of analysis on whether the exit of UK from the EU would help India. “Frankly, at this moment, we are only watching the situation.”
Besides, she said, the changing economic situation – shrinking of economies and falling GDP in developing countries like Brazil and oil producing nations like Venezuela – would have a definite impact on the Indian exports.
Sitharaman announced that despite the not-so-good global situation, the Indian startup scenario was encouraging and the government was planning a major meet of the startups and investors in Hyderabad in September. She admitted that the startups in India were already the third largest cluster in the world even before the advent of the Narendra Modi government.
She claimed that the Modi government had paid attention to creating incubation hubs like a cluster of colleges. Now the government was working on focusing on creating these hubs in tier two cities.
Struggling with rationing and prioritising available supplies amid the acute Covid-19 vaccine shortage, the BrihanMumbai municipal corporation (BMC) has floated a global tender for supply of 1 crore doses, even as it has announced a walk-in vaccination campaign next week for select categories of citizens.
Expressing regret that despite being the largest producer of vaccines in the world things have fallen apart in India, Ashok Seth, a Padma Bhushan awardee and chairman of Fortis Escorts Heart Institute, has said that the focus needs to be on percentage and not the number of population vaccinated.
In Maharashtra, the epicentre of India’s devastating second wave, several NGOs and civil society organisations have been at work to combat the pandemic – by spreading awareness about precautions, by helping the slum-dwellers book appointment for vaccine, by providing meals to the marginalised a
The cumulative number of Covid-19 vaccine doses administered in the country has crossed the landmark of 17 crore on Monday as the Phase 3 of the nationwide vaccination drive expands further. India is the fastest country to administer 17 crore Covid vaccine doses – China took 119 days and USA 115 days
India is battling the second wave of Covid-19 and infections are spreading into the interiors of the country, says Dr Anurag Bhadouria, National Spokesperson, Samajwadi Party. It is precipitated by the elections in five states, the Kumbh Mela in Haridwar and also panchayat elections in many states, he says
The CoWIN system, the overarching digital platform for citizens seeking appointment for the Covid-19 vaccine, is introducing a new four-digit security code” in the application from Saturday to minimise a peculiar error and subsequent inconvenience to citizens. “It has been notic