Saturday, May 27 2017 | Time 07:54 Hrs(IST)
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  • Russian with ties to former Trump aide wants immunity for testimony -NYT
  • Trump son-in-law had undisclosed contacts with Russian envoy - sources
  • Senate intelligence panel requests Trump campaign documents -WashPost
  • Storage of nuclear waste poses threat to US, scientists warn
  • Brad Pitt, Courtney Love among mourners at Chris Cornell funeral
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  • Egyptian military says air strikes on Libya are ongoing
  • Egyptian warplanes bomb targets in Libya after attack on Christians
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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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Modi Govt's celebrations of 3 yrs see Oppn gearing up for counter strategy

Modi Govt's celebrations of 3 yrs see Oppn gearing up for counter strategy

New Delhi, May 26 (UNI) The completion of three years of the Modi dispensation today found the Government at the peak of its celebratory mood, even as the fragmented Opposition tried to punch holes in its claims of achievements and gathered here to arrive at an agreed approach to corner the NDA led Centre.

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26 May 2017 | 7:34 PM
Only NCP, CPI(M) to participate in EC's EVM challenge

Only NCP, CPI(M) to participate in EC's EVM challenge

New Delhi, May 26 (UNI) NCP and CPI(M) will be the only two parties which will participate in Election Commission's Electronic Voting Machine (EVM) Challenge beginning from June 3.

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26 May 2017 | 11:14 PM
Nitish-PM meeting tomorrow sparks speculations

Nitish-PM meeting tomorrow sparks speculations

Patna, May 26 (UNI) A meeting of Prime Minister Narendra Modi with Chief Minister Nitish Kumar in New Delhi tomorrow after the latter skipped luncheon meeting called by Congress president Sonia Gandhi today to discuss common opposition Presidential candidate, sparked speculations over his next move in the wake of a series of charges levelled against RJD chief Lalu Prasad, making a difficult situation for him to run Grand Alliance government in Bihar.

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26 May 2017 | 9:20 PM
PM lays foundation for AIIMS in Kamrup, Assam

PM lays foundation for AIIMS in Kamrup, Assam

Guwahati, May 26 (UNI) Prime Minister Narendra Modi today laid the foundation of a new All India Institute of Medical Sciences (AIIMS) at Changsari in Kamrup (rural) district of Assam.

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26 May 2017 | 7:19 PM
Home Minister Rajnath Singh meets Mauritius Prime Minister

Home Minister Rajnath Singh meets Mauritius Prime Minister

New Delhi, May 26 (UNI) Union Home Minister Rajnath Singh today called on the visiting Prime Minister of Mauritius Pravind Kumar Jugnauth here today.

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26 May 2017 | 8:30 PM
Cong will return to power in 2019 elections:  Veerappa Moily

Cong will return to power in 2019 elections: Veerappa Moily

Visakhapatnam, May 26 (UNI) All India Congress Committee (AICC) senior leader and former Union Law and Petroleum Minister M Veerappa Moily today charged the Narendra Modi Government with failure on all fronts during its three-year rule, has exuded confidence that the Congress will return to power in the next 2019 elections.

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26 May 2017 | 11:29 PM
CBSE to announce class XII results on Sunday

CBSE to announce class XII results on Sunday

New Delhi, May 26 (UNI) The Central Board of Secondary Education (CBSE) will declare the class XII results of the Senior School Certificate Examination, 2017 on Sunday.

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26 May 2017 | 9:29 PM

Russian with ties to former Trump aide wants immunity for testimony -NYT

27 May 2017 | 7:37 AM

WASHINGTON, May 27 (Reuters) A Russian oligarch once close to Paul Manafort, President Donald Trump’s former campaign manager, has offered to testify to congressional panels investigating Russian meddling in the 2016 election, but lawmakers are rejecting his conditions, the New York Times reported, citing congressional officials.

PM has glorified pride of nation: Raman

PM has glorified pride of nation: Raman

26 May 2017 | 11:39 PM

Raipur, May 26 (UNI) Congratulating Prime Minister Narendra Modi on successful completion of three years of the NDA government at the Centre, Chhattisgarh Chief Minister Raman Singh today said that the government's policy had glorified the pride of the nation in the entire world.

Romero believes he has proved himself after Europa League final

27 May 2017 | 2:09 AM

By Richard Martin STOCKHOLM, May 26 (REUTERS) Sergio Romero has spent large parts of his club career sitting on the bench but after helping Manchester United win the Europa League, he believes he has shown he is good enough to be the club's number one goalkeeper.

Ford to name new head for Europe, Asia - FT

Ford to name new head for Europe, Asia - FT

25 May 2017 | 5:20 PM

Undated, May 25 (Reuters) Ford Motor Co, which earlier this week named turnaround expert James Hackett as its chief executive officer, will announce replacements for some of its key executive positions as early as Thursday, the Financial Times reported, citing sources.

JPCC celebrates 26th death anniversary of former Prime Minister Rajiv Gandhi

21 May 2017 | 6:22 PM

Ranchi, May 21 (UNI) The Jharkhand Pradesh Congress Committee today paid floral tributes to former Prime Minister Bharat Ratna late Rajiv Gandhi on his 26th death anniversary which was celebrated by the party as ‘Shahdat Diwas’.

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