Saturday, July 5, 2014

India to become third largest economy in world by 2030: PwC - Financial Express

India to become third largest economy in world by 2030: PwC - Financial Express



NEWSPAPER HEADLINES



Under the headline, "46 abducted nurses freed in Iraq, will be back home today" Hindustan Times reports that the nurses taken captive by Sunni insurgents in war-ravaged Iraq were flying home after they were freed yesterday in a dramatic move that brought relief to families and the government.

The Economic Times writes that the Modi government's first Budget is expected to transfer skill development and training initiatives under at least 21 different ministries, to the newly created ministry for skill development and entrepreneurship headed by Sarbananda Sonowal.

In a clear indication that the Narendra Modi government is unlikely to accept the Rangarajan formula for pricing domestically produced natural gas. The Hindu writes that the government will moderate gas price increase and interests of consumers too will be protected.

The Indian Express reports that on his first visit to Jammu & Kashmir after taking charge, Prime Minister Narendra Modi said that his government's intention was not to play politics but to win the hearts of the people of the state.

Hindustan Times says the government has announced that it would amend the law to make hoarding of basic food items a non-bailable offence and would set up a fund to stabilise prices, in yet another round of tough measures to tame food inflation.

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