Amaravati, Aug 13 (IANS) Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy will be leaving for United States on July 15 for a week-long personal visit to admit his daughter to a university.
Jagan Reddy, who will be accompanied by his family members, will leave for the US from Hyderabad on Aug 15 night and return to Vijayawada on Aug 24.
The Chief Minister is going to the US to admit his younger daughter Harishini Reddy in an under-graduate course in the prestigious University of Notre Dame, Indiana State.
The YSR Congress Party (YSRCP) chief's elder daughter Varsha Reddy is studying at London School of Economics.
According to an official release on Tuesday, Jagan Reddy's travel to the US with his family members is strictly personal and the entire cost of travel and stay is being borne by the chief minister from his personal finances.
However, taking advantage of his presence in the US, he will meet US officials, entrepreneurs, people of Indian origin and Non-Resident Telugu people in Washington DC and Dallas between Aug 16 and Aug 18. He will also meet leading entrepreneurs in Chicago on Aug 22.
This will be the second foreign tour by Jagan Reddy since assuming office as the chief minister in May this year.
He along with his family members visited Israel early this month. This was also a personal visit.
Jagan Reddy, a Protestant, visited Bethlehem, the birthplace of Jesus Christ and other holy places in Israel associated with Christianity. This was believed to be a thanksgiving visit for his massive victory in the recent elections.
Kolkata, Aug 18 (IANS) Amid the economy roiling through a slowdown in demand and consumption, State Bank of India (SBI) Chairman Rajnish Kumar on Sunday raised the pitch for a stimulus, saying that the credit demand remains subdued.
Though lack of credit demand exists in the economy, there is no supply-side constraint as the public sector banks are well-capitalised, he said.
"Demand for credit in the economy is subdued. There is a need for stimulus in the economy," Rajnish Kumar told media here.
The SBI chief was in the city to attend the multi-level consultation programme with SBI branch managers in the region.
"There is no supply-side constraint. More or less, the public sector banks are well capitalised and bank rates also moderated," he said while expressing hope that the monsoon will have a positive impact.
Increased spending by the government and the upcoming festival season would boost demand, Kumar pointed out.
Intensifying the efforts to find ways out of pressing issues of tax surcharge on the super rich, the slowdown in the auto and housing sector, the Finance Ministry and the Prime Minister's Office (PMO) are constantly holding meetings to come out with solutions to tackle the near-stagnant economy. They are discussing options and solutions on tackling the slowdown in the auto, realty sectors and and also on the equity market, being battered by FPIs.