If confirmed by the Senate, Garcetti, 50, would replace Kenneth Juster, who served as India's Ambassador to the US during the Trump administration.
With inflation remaining at elevated levels, central banks around the world, including the Reserve Bank of India (RBI), will kill excess demand in economy over the next six to eight months, sources in the know said. They also indicated that there could be a rate hike in June, when the inflation forecast for the current financial year would be raised. The RBI, the sources said, might announce more steps such as raising the limit on held-to-maturity (HTM) bonds to support government borrowings but might not come out with any further quantitative easing GSAP (Government Securities Acquisition Programme) measures.
Australian PM Tony Abbott came in defence of young Australian captain Steven Smith's decision to declare in the third Test at the Melbourne Cricket Ground on Tuesday.
Bhargava is a pioneer in the field of biotechnology in the country.
'He brings fresh ideas and leadership.' 'Modi is bold, doesn't care about criticism.' Members of the Madison Square Garden audience praise Prime Minister Narendra Modi's speech.
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