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PM Modi faces voters in five states as reforms slow |
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Ruling Bharatiya Janata Party will face elections in five states beginning next month, according to a schedule released on Friday, at a time when its approval ratings are slipping and it is under pressure to deliver on economic growth. State elections are important for Prime Minister Narendra Modi to be able to gain control of the Rajya Sabha, where members are indirectly elected by state legislatures. A lack of a majority in that house has stalled Modi's economic reforms agenda and delayed passage of a key tax bill.
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China aims to maintain growth pace, fend off unemployment in 5-yr plan |
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By Xiaoyi Shao and Jake Spring BEIJING (Reuters) - China faces a tough battle to keep its economy growing by at least 6.5 percent over the next five years while creating more jobs and restructuring inefficient industries, Premier Li Keqiang said as he opened China's annual parliament on Saturday. Growth of 6.5 percent would mark a ripping pace for most countries but would be the slowest in China in a quarter century as world's No. 2 economy grapples with gyrating financial markets, softening global trade and efforts to reduce environmental degradation. In 2016, Beijing will aim for an economic growth rate between 6.5-7 percent, as Reuters previously reported, with a consumer inflation target of around 3 percent and money supply expansion of around 13 percent, according to a series of draft reports ahead of the opening of the 12-day parliament.
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