Some of the World Bank's suggestions to hold back the predicted tide of fresh poverty appear to run counter to the economic policies of Narendra Modi's government
The World Bank on Friday approved loans worth $405 million to promote environment-friendly urban transport projects in Andhra Pradesh.
The event from 8:30 to 11 am on June 21 would feature an exclusive video message by Prime Minister Narendra Modi.
Subbarao said in terms of the risk to growth inflation outlook, the first would depend on global recovery and if it fails, could have an impact for India.
The Sensex, which began the year at 26,160.90 level, has shed nearly 1,400 points.
"I am certain that now that the growth is returning back to the world, the future holds an important direction as far as India is concerned. The sheer size of the country and economy would offer huge opportunity for investment in India in the next few years," the finance minister said in Washington, DC.
Most economists feel the RBI has room for a 25-basis point cut, having met inflation targets comfortably
India has expressed concern over the hike in visa fee by the US, saying it is "discriminatory" and largely affects Indian IT professionals.
In a testimony to its growing clout, China's nearly $5 trillion economy surpassed Japan to become the world's second largest economy for the three months ended June, 2010.
If Mr Modi and his team expect to win the 2019 elections, groundwork for improved performance in their second term should be done now.
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