RBI May Ease Rates Further: Arvind Subramanian

Lauding the Reserve Bank of India's role in helping bring down inflation, Chief Economic Advisor Arvind Subramanian said the apex bank may further ease the interest rates as improvement on price front has opened the space for monetary easing.

Goyal, who was here to attend the World Economic Forum (WEF) Annual Meeting, told PTI in an interview that India is a destination where business will become more and more attractive and it will be a destination where they can work "without fear, favour or extraneous conditions."

The power and coal minister, who was here to attend the World Economic Forum (WEF) Annual Meeting, also said employees of Coal India have understood and appreciated the imperatives of the disinvestment proposal.

"We will have a diversified global workforce, but I can't give any numbers as in our business numbers can be translated into revenue and I'm in a quiet period.

"That is the total rate cut I see coming ahead," said Kotak, who was here to attend the World Economic Forum (WEF) Annual Meeting.

US Secretary of State John Kerry was due in Nigeria Sunday, just weeks away from closely fought elections overshadowed by fears about mounting Boko Haram violence and poll-related unrest.

The TCS CEO made the statement when taking over as the chair of the IT governors steering committee of the WEF at Davos.

In the wake of the Sony hack late last year, cyber-security has been a hot button topic at the four-day World Economic Forum at Davos.

he minister, who held a series of meetings with existing and potential investors in power and coal sectors as also with various government leaders during his three-day visit, said "the auction process is already on, people have started registering themselves on the website".

Speaking to the business and political elite at the World Economic Forum at Davos, Schmidt said: "There will be so many sensors, so many devices, that you won't even sense it, it will be all around you."

Speaking at the 45th World Economic Forum Annual Meeting Jack Ma, who is also China's richest man, said he aims to serve 2 billion consumers and help 10 million small businesses outside China sell their products through the Internet.

Asked whether the investors were convinced about promises being made by the government, Mr Kotak said, "Investors are certainly interested in India, but long term strategic investors want to see some more action on the ground."

While digital economy and emerging trends in the technology space remained a key point during various sessions at the World Economic Forum here, Mr Chandrasekaran said 'Internet of Things' (IoT) would transform every company, industry and even the society going forward.

Making a strong pitch before foreign investors in Davos at World Economic Forum, Andhra Pradesh Chief Minister Chandrababu Naidu said the state offers great opportunities in areas ranging from technology to tourism to infrastructure to oil refineries.

Noting that excitement among WEF participants about India is palpable, Mr Gurnani said that most people he has met were upbeat about India.

China's economy grew 7.4 per cent in 2014 -- the slowest pace in 24 years, government data released on Tuesday showed.

The forum seeks to provide a platform for debate over how to maintain an open Web in the face of pressures for regulation.

Iraq's premier expressed confidence on Friday that the country's struggling army is capable of retaking the city of Mosul from the Islamic State group.

Iran's foreign minister Javad Zarif said on Friday that a vote in US Congress for more sanctions against his country will kill a likely nuclear deal with the West.

Coal and Power Minister Piyush Goyal has said the government expects to hold auctions for private firms to mine and sell coal in the near future, but first wants to deal with mines that are directly linked to plants that use the fuel.