Biden's proposal also sets aside USD 20 billion for a national vaccination programme and USD 50 billion to scale up coronavirus testing.
What do we know about India's devastating second wave, and can we assign responsibility for it?
Later, Sitharaman's office clarified that the FM had already met the industrialists, experts, and economists during the pre-budget consultations.
The economists who signed the letter included Jean Drze , Abhijit Banerjee, Ajit Ranade, Jayati Ghosh, Kirit Parikh, Mihir Shah, Rohini Pande, and Vijay Joshi
"The space for dissent and debate is shrinking. People are jailed without trial through arbitrarily imposed charge of sedition," the Nobel laureate alleged.
Despite the relaxation of the one-child policy in 2016, the number of live births per 1,000 people fell to a record low of 10.48 in 2019, down from 10.94 in 2018.
Former Reserve Bank of India governor Raghuram Rajan said that Rs 65,000 crore is required to help the poor affected by the coronavirus-induced lockdown. He also laid stress on the need to restart the economy while taking precautions.
A u-turn by the BJP will be an apocalyptic occurrence in Indian politics and society, argues Amulya Ganguli.
Walmart is rumoured to be looking to listing Flipkart in a few years. At that stage, we'll get a better sense of what's going on in retail, says Devangshu Datta.
'Vaccination is very important for an economy to start functioning properly.'
They also warned that banks will start reporting higher non-performing assets after September, once the six-month moratorium on loan repayment ends.
Our precipitous decline is being noticed and recorded abroad with alarm. It is strange that within India we are carrying on as if it is business as usual, observes Aakar Patel.
'In the real economy, the scars of the pandemic will continue to define 2021.' 'It is still hard to tell the effect on unemployment, migrant workers, poverty, and the informal sector of the lockdown and of the pandemic,' observes Mihir S Sharma.
Though the ministry is considering 2017-18 as the new base year, no decision has been taken as the committees of experts are awaiting some more data before finalising their opinion.
You can make all the speeches you want, you cannot argue against 39 straight months of slowing, observes Aakar Patel.
Is India really one of the cheapest nations to live in?
That's why he is now finally focusing on the two things that alone can help: Fiscal expansion -- from December onwards -- and supply management via amended laws and rules that affect business, notes T C A Srinivasa-Raghavan
India has too many small companies and this is inefficient. It should instead have only a handful of very large players running its economy and these giants can then compete with the world, observes Aakar Patel.
State Bank of India's house economists on Monday said the recent farm sector reforms reek of parochial thinking and promote lazy farming as they only cater to cereal-producing states. In the recently concluded monsoon session, the government rushed through three legislation to change the way agricultural produce is marketed, sold and stored by dismantling the decades-old APMC (Agricultural Produce Market Committee) mandis.
Let's take a look at some countries that will see positive or negative economic growth next year.
Of the Rs 20-lakh-crore package that Prime Minister Narendra Modi announced to defend the economy against coronavirus disruptions, fresh support may be only around 60 per cent of the offer as it counts the first financial stimulus and liquidity support that Reserve Bank has given already, and will overburden the bond market, says a report.
Let's take a look at how many ATMs countries in emerging markets have and how many use mobile phone to receive money.
The EIU said in a report on Wednesday forecast that the real GDP grew by 1.6 per cent quarter-on-quarter in India, but noted that this uptick was largely owing to base effect.
Let's take a look at some of these nations, including India.
Video games industry is worth around $80 billion.
Let's take a look at some of the biggest corporate fees paid to investment banks by companies.
Let's take a look at eight biggest insurance losses in the world since 1970.
Let's take a look at some countries, including India, and the price of mobile broadband connection.
Let's take a look at market capitalisation of some of the biggest listed stock exchanges in the world.
Let's take a look at biggest money-laundering settlements with US authorities.
Let's take a look at 10 Asian countries and their fastest growth periods in the past 30 years.
...and getting GDP to measure India's data economy, recommends Ajit Balakrishnan.
It took around 10 days for the average Italian worker to make the $957 that his firm's chief executive made in an hour in 2012.
Millions of procedures are performed around the world every year.
By no means do economists see the Reserve Bank of India stop at just a 25-bp cut. Some of the economists such as Soumyakanti Ghosh of State Bank of India are of the firm view that rates have room to fall by a total of 75 bps in the current financial year, starting with 25 bps in the August 7 policy.
According to Korn Ferry Global Salary Forecast, India's salary growth for 2020 stood at 9.2 per cent. down from 10 per cent last year, while real-wage after adjusting inflation may remain constant at 5 per cent in 2020.
Let's take a look at debt situation in the world's biggest economies.
'The anti-India biases of the Western elite can be attributed to the unease these privileged nations feel at the rise of Asian nations like India and China.' 'But what ought to shock all right-thinking Indians is that many of our own countrymen/women have joined this chorus,' says Colonel Anil A Athale (retd).
Let's take a look at best and worst rated countries in the world.
Let's take a look at how productive workers are in India and around the world.
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