Tuesday, Sep 19 2017 | Time 22:35 Hrs(IST)
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  • Britain, Saudi Arabia sign military cooperation deal -state media
  • NIA arrests two from Jammu in terror funding case
  • Rohingya Muslims trapped after Myanmar violence told to stay put
  • 2 booked for manhandling MSEDCL officer, technicians in Nanded
  • PDP MLC seeks deportation of Rohingyas
  • FIFA says bans Caribbean soccer official Gordon Derrick
  • Journalists in Kolhapur stage demonstration against BJP MLA Patel
  • Trump's lawyer denies collusion with Russia in 2016 election
  • J&K DGP inaugurates medical awareness camp on fatty liver
  • Misdeeds of Pakistan will be dealt with iron hands: BJP
  • Britain says suspends training of Myanmar military following violence
  • Nigerian president likens Myanmar crisis to Bosnia, Rwanda genocides
  • UK's May says foreign minister Johnson "doing good work"
  • Guns fall silent on IB after six days in Jammu
  • Person threatening woman Colonel nabbed by police
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Bank of England's Saunders edges towards rate rise

LONDON, Apr 21 (Reuters) Bank of England policymaker Michael Saunders said on Friday that he expected growth and inflation this year to be higher than the central bank forecast two months ago, and saw scope for rates to rise modestly while still boosting the economy.
Saunders, in a speech to small businesses in London, said he did not want to commit to how he would vote at next month's Monetary Policy Committee meeting, as there was still plenty of data to come.
But he said that despite uncertainty about the exact terms on which Britain would leave the European Union in 2019, policymakers were not obliged to keep rates on hold until everything was clear.
"I judge that the current policy stance is clearly accommodative," he told members of the Federation of Small Businesses.
"While not prejudging what I or the MPC might decide on monetary policy – a modest rise in rates would still imply that considerable stimulus remains in place, helping to support output and jobs," he added.
The minutes of the BoE's last meeting in March showed that in addition to one policymaker - Kristin Forbes - backing an immediate rate rise, other unnamed MPC members were also considering doing so.
Saunders said he "would not be surprised" if consumer price inflation reached 3 percent later this year or in early 2018, and said economic growth could maintain a year-on-year rate of 2 percent through this year and next.
The BoE's February forecasts showed growth slowing to 1.6 percent in 2018 from 2.0 percent this year, and for inflation to peak at less than 3 percent.
"I want to stress that this prospective near-term inflation pickup does not imply that Brexit Britain will face persistently high inflation. Nor does it signal that the MPC has gone soft on our low inflation remit," Saunders said.
"Over time, the appropriate monetary policy can and will ensure that inflation returns to the 2 percent target," he added.
REUTERS AKC 1739
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India expresses solidarity with Palestinian cause

India expresses solidarity with Palestinian cause

New York, Sept 19 (UNI) India today expressed solidarity with the Palestinian cause and called for a negotiated solution between Israel and Palestine based on mutual recognition and security.

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19 Sep 2017 | 10:10 PM
NIA arrests two from Jammu in terror funding case

NIA arrests two from Jammu in terror funding case

Jammu, Sept 19 (UNI) A team of National Investigation Agency today arrested two persons from city outskirts here in alleged terror funding case.

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19 Sep 2017 | 10:29 PM
Envoys of  Pakistan, Tanzania, Ghana and Burundi present credentials to Prez

Envoys of Pakistan, Tanzania, Ghana and Burundi present credentials to Prez

New Delhi, Sept 19 (UNI) Envoys of Pakistan, Tanzania, Ghana, and Burundi today presented their credentials to President Ram Nath Kovind.

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19 Sep 2017 | 7:43 PM
Army takes up big logistics challenge, removes over 63 tn garbage from Siachen

Army takes up big logistics challenge, removes over 63 tn garbage from Siachen

New Delhi, Sept 19 (UNI) Army jawans posted in Siachen, the highest battlefield in the world, have removed and sent back more than 63 tons of garbage to the Base ever since the start of the Swachch Bharat Abhiyan.

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19 Sep 2017 | 9:32 PM
Jungle Raj has ended in UP:Yogi on 6 month completion of his govt

Jungle Raj has ended in UP:Yogi on 6 month completion of his govt

Lucknow,Sept 19(UNI) Claiming his Government has succeeded in ending the `jungle raj’in the first six month of the BJP regime, Uttar Pradesh Chief Minister Yogi Adityanath today said Uttar Pradesh is galloping to the path of development because of the political will shown by the government to tame corruption and tenacity to introduce new innovative methods aimed at benefiting poor and farmers.

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19 Sep 2017 | 10:02 PM
Liquor stores near schools to be closed, says Sisodia

Liquor stores near schools to be closed, says Sisodia

New Delhi, Sept 19 (UNI) Delhi Deputy chief minister Manish Sisodia today announced that liquor stores near schools would be closed and action taken against those officers who issued them licences.

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19 Sep 2017 | 9:12 PM
Rajnath reviews measures to check cyber crime in financial sector

Rajnath reviews measures to check cyber crime in financial sector

New Delhi, Sep 19 (UNI) Home Minister Rajnath Singh has directed all concerned agencies to undertake in a time bound manner measures required to check cyber crime in the financial sector and emphasised on coordination of all concerned agencies in this regard.

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19 Sep 2017 | 4:59 PM
History of modern transfusion medicine

History of modern transfusion medicine

15 Sep 2017 | 8:28 PM

Kolkata, Sep 15 (UNI) The Medical Officer Incharge (MOIC) Blood Bank, Fortis Hospitals, Anandapur here, Dr Avijit Dev today said in ancient literature, there are descriptions of blood oozing and death of suffering humanity owing to that everybody gets a panic whenever sees a person bleeding profusely in front of him.

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