'India is in a slowdown which most of us have not seen in our living memory.'
Boost to dairy sector will generate jobs
Such a drastic intervention overrides existing private bilateral commercial contracts
'Farmers are like living corpses in India.'
Even as the World Bank has revised India's growth figures by 0.4 percentage points as compared to its January forecast, India remains the fastest growing major economy in the world, the World Bank officials said.
For the current woes of the state to end, in city after city, town after town, village after village, unauthorised constructions have to be removed, no questions asked, says N Sathiya Moorthy.
The President in his address to the joint sitting of Parliament unveiled the policies and priorities of the Bharatiya Janata Party-led National Democratic Alliance government which assumed power last month after elections to the 16th Lok Sabha.
The prime minister also welcomed convergence of views between India and ASEAN for cooperation in the Indo-Pacific region.
Prime Minister Narendra Modi will be reciprocating the reception he received from the Israeli PM during his visit last July, report Archis Mohan & PTI.
Highlighting the role of MSMEs in enhancing exports and helping the country achieve self reliance, Union Minister Nitin Gadkari on Monday said India does not need to import from China. "Already in automobile sector, in many sectors now, in agriculture, automobiles, everywhere, we have already found the solutions. Now we don't need to import from China," said the minister. He observed that India was exporting a lot of items instead of importing them.
The temporary disruptions (primarily to private consumption) caused by cash shortages accompanying the currency exchange initiative are expected to gradually dissipate in 2017 as cash shortages ease, the International Monetary Fund said in its regional economic outlook.
Unless supported by investment, any spark of a recovery could be temporary, hint economists.
Stating that COVID-19 has not yet been contained in India, the rating agency in a statement said the government stimulus package is low relative to countries with similar economic impacts from the pandemic. "The COVID-19 outbreak in India and two months of lockdown -- longer in some areas -- have led to a sudden stop in the economy. That means growth will contract sharply this fiscal year (April 2020 to March 2021)," it said. "Economic activity will face ongoing disruption over the next year as the country transitions to a post-COVID-19 world."
Rajan also said the outlook for agriculture is subdued, in view of both rabi and kharif prospects being hit by monsoon vagaries.
'The government has failed to understand the seriousness of the situation, and that's why they are underestimating the problem.' 'They think some tinkering here and there will fix the economy automatically.'
A slowdown in India's growth rate, the bank said, has also affected the growth rate of South Asia. As a result, South Asia has fallen to second place after East Asia and the Pacific.
'A sustainable growth rate of 8 per cent is evidently some distance away,' says T N Ninan.
Enforcement Directorate has issued summons to Himachal Pradesh Chief Minister Virbhadra Singh in connection with its probe against him and his associates for alleged money laundering.
The one-time restructuring of loans will help every firm and prevent cost-cutting measures such as lay-offs.
Growth is impressive but there are questions on inclusiveness.
Chief statistician T C A Anant says growth figure might go up once indirect tax data is fully in, however, he agrees that private expenditure is yet to pick up
Tewari said BJP's Hindu-Muslim and India-Pakistan rhetoric is the only way for the ruling party to cover up for its failure in improving the economy of the country which is in a shambles right now due to its policies.
Though we have a debt burden of Rs 180,000 crore, the economic condition of the state is stable and healthy. This is due to efficient fiscal management and effective monitoring of expenditure, says the Maharashtra chief minister.
Promising increased allocation for agriculture in the next Budget, the government on Friday called for enhanced public and private sector investment to speed up growth in the sector.
The food processing and beverages sector creates maximum employment on every Rs 10 lakh invested in the segment followed by textiles, agriculture, wood, paper and leather, a study by industry body Assocham has said.
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
India Inc gave a thumbs up to the UPA-II's last Union Budget before the general elections next year and said Finance Minister P Chidambaram presented a "bold" and "growth-oriented" Budget.
Prime Minister Narendra Modi is addressing the nation for the seventh time from the ramparts of the Red Fort on Independence Day on Saturday and it will be his second speech of the second term in office.
The Nafed has outstanding dues of Rs 224.26 crore (Rs 2.24 billion) as of February 15.
The RBI announced its monetary policy on Tuesday.
The race to get a New Umbrella Entity (NUE) licence for digital payments may get crowded. As many as six consortiums are said to be in the fray to apply for an NUE licence, which would create a for-profit National Payments Corporation of India (NPCI)-like body for retail payments. A consortium led by Financial Software and Systems (FSS), a leading provider of payment products and payment processor, is in talks and may file an application to the RBI for an NUE license, said sources aware of the development. The other constituents of this group include Indian Bank, Central Bank of India, India Post Payments Bank, National Bank for Agriculture and Rural Development (Nabard), and a few small finance banks.
The Indian regulatory framework forced Citi to hibernate -- contrary to the claim that it never sleeps!
Government will lay greater emphasis on social sectors, finance minister said.
The Union Budget is not everyone's cup of tea. But here's how you can make it yours.
'Jobs will exist at very high levels or low levels of skill sets.' 'People, who are in middle level jobs, are the ones who are facing the problem as such jobs are fast disappearing because of technological advancement.'
While most experts suggest the government loosen its purse strings and not worry about the fiscal deficit in a pandemic impacted year, it will be a tightrope walk for the government to increase spending without going overboard.
While prospective investors in new retail chains are up against the odds in several states, those wanting to invest in primary level agricultural marketing may find the going easier.
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