Money & Banking
Fall in public, private investment major concern: Rajan
Reserve Bank of India Governor Raghuram Rajan on Friday said he was concerned that the fall in public and private investment in India would affect the country's economic growth. 
 
"On the growth front, the central concern is with investments. Private investment has fallen back a bit and so has public investment," Rajan said at an event here.
 
However, despite the slowdown in growth and investments, strong foreign direct investment and some traction in infrastructure development could encourage private investments, he added.
 
Prime Minister Narendra Modi said in Britain last week that the world's confidence in India is rising is proved by the fact that foreign direct investment into India has increased by 40 percent.
 
The RBI recently lowered its growth forecast for the country's current fiscal to 7.4 percent, from the 7.6 percent it had projected earlier.
 
In September, the central bank cut the repo rate, at which it lends to commercial banks, by 50 basis points to 6.75 percent.
 
Disclaimer:  Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

'The Man Who Knew Infinity' brings Ramanujan's legacy back to India
If Richard Attenborough brought home Mahatma Gandhi by making a biopic on the 'Father of the Nation', young director Matt Brown has brought home the legacy of mathematics genius Srinivasa Ramanujan Iyengar back to India with his film "The Man Who Knew Infinity", according to executive producer Swati Bhise.
 
Addressing a press conference in Panaji, the host city for the 46th edition of the International Film Festival of India which opens with Brown's film, Bhise on Thursday said the director was sensitive to a great degree as far as cinematically examining the delicate nuances of the South Indian culture and the influence of two women, Ramanujan's mother and wife, on the country's greatest mathematician.
 
"Sir Richard Attenborough had made 'Gandhi'. But we are very happy that someone like Matt Brown has brought Ramanujan to India and with great sensitivity, he has shown the aspect of how it was in India with the relationship with his wife and his mother," Bhise said.
 
"To understand two strong women, one a mother figure in the South, we know what that is. And his relationship of having to leave as a Brahmin Iyengar boy all the way to Cambridge, what a huge sacrifice that was in the pursuit of knowledge," she said.
 
The film is based on the book "The Man who Knew Infinity: A life of the genius Ramanujan" written by Robert Kanigel.
 
Brown may have lacked the cinematic pedigree of Attenborough, but his diligence and attention to detail was remarkable, Bhise said.
 
"Matt worked very closely with Ken Ono and Manjul Bhargava, two leading mathematicians, who have won the Fields award and the Padmashree respectively.
 
"They worked for a long time, exactly on the formulas and how they were written. How partitions were done. Lot of attention was given to each aspect of the film to bring the realistic quality forward," she said.
 
The fragile dilemmas of Ramanujan, a young vegetarian Iyengar boy, in England during the days of the British Raj and racism of the times have also been realistically captured, Bhise said.
 
"He is yearning for his home, his culture. You know the sambhar and rice and not having to eat vegetarian food. The traditions at Trinity and England at that period and whether it was racism or it was the sensitivity of food," she said.
 
"So I think that it is really important that Ed (producer Edward Pressman) and Matt have made a film which takes Ramanujan from Hollywood back to India and that's something that I think is a privilege for India to say that we celebrate Ramanujan, especially December 22, his birthday, as Mathematics Day," Bhise added.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

Centre approves report on river linking
 The central government has approved the status-cum-progress report by the water resources ministry related to the inter-linking of rivers in the country, it was announced on Thursday.
 
"This will help in monitoring of the inter-linking of river projects to be carried out under national perspective plan," an official statement said.
 
The decision was taken at a union cabinet meeting held on Wednesday.
 
This is in compliance with the Supreme Court judgment of February 27, 2012, in the matter of writ petition (Civil)-512 of 2002: Networking of Rivers, along with writ petition No. 668 of 2002, it said.
 
The status-cum-progress report of special committee for inter-linking of rivers will be submitted bi-annually for the information of the cabinet. The bi-annual report will help in taking final and appropriate decisions in the interest of the country as expeditiously as possible, it added.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)