Prime headlines: Over 500 trains cancelled; FinMin flags slowing economic system

Prime headlines: Over 500 trains cancelled; FinMin flags slowing economic system

India faces slowing development however low danger of stagflation: Finance Ministry

The Finance Ministry mentioned on Monday that whereas India faces a decrease danger of stagflation than different nations, there’s now an upside danger to gross funds deficit on account of extra welfare and subsidy spending and up to date cuts in excise duties, and the economic system faces slowing development on account of world elements.

In its newest Month-to-month Financial Report (for the month of Could), the Finance Ministry said: “India faces near-term challenges in managing its fiscal deficit, sustaining financial development, reining in inflation and containing the present account deficit whereas sustaining a good worth of the Indian foreign money.” Learn extra

Bharat Bandh over ‘Agnipath’: Greater than 500 trains cancelled throughout India

Protests towards the Agnipath recruitment scheme for armed forces continued to disrupt the railways and street visitors motion for the sixth day, as a number of organisations known as for ‘Bharat Bandh’ on Monday, June 20.

Indian Railways cancelled round 530 trains on Monday within the wake of main losses suffered from arson and harm within the violent protests over the past 5 days. It included each passenger trains and specific mail from totally different divisions. Practically 350 trains have been cancelled in Bihar alone as a precautionary measure. Learn extra

VIL board assembly on Jun 22 to contemplate Rs 500-cr fundraising from promoter

Vodafone Concept’s Board is scheduled to fulfill on June 22, to contemplate and approve a proposal for elevating funds to the tune of Rs 500 crore.

The fundraising will probably be via the issuance of fairness shares or convertible warrants on a preferential foundation to a number of entities belonging to Vodafone Group (one of many promoters of the corporate). Learn extra

Giant potential for employment of Agniveers in company sector: Mahindra

Mahindra Group Chairman Anand Mahindra on Monday expressed dismay over the violence towards the Centre’s Agnipath scheme whereas asserting that the farm tools to aerospace conglomerate welcomes the chance to recruit educated, succesful and younger individuals below the programme.

Expressing his opinion on the scheme to recruit youths between the age of 17 and-a-half and 23 years for a four-year tenure in defence companies amid widespread violence throughout states towards it, he mentioned there’s a massive potential for employment of “Agniveers” within the company sector. Learn extra

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