Economy
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'Would have come wearing kurta-dhoti if there was any recession': BJP MP's bizarre remark
India | Feb 10, 2020, 08:28 AM ISTBJP Ballia MP, Virendra Singh Mast has said that if the nation was going through a recession then people wouldn't have been buying clothes, pants and pajamas.
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Laid foundation for USD 5 trillion economy in budget, says Sitharaman
Business | Feb 09, 2020, 10:24 PM ISTFinance Minister Nirmala Sitharaman on Sunday said that the foundation for achieving the goal of USD 5 trillion economy by 2024-25 has been laid in the union budget which stressed on increasing capital expenditure for infrastructure.
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India needs to double credit growth to 15 pc to achieve USD 5 trillion economy target by FY25: Banke
Business | Feb 06, 2020, 11:25 PM ISTThe country needs to double credit growth to 15 per cent to become a USD 5 trillion economy by 2024-25, say bankers. The country has recorded high double-digit credit growth in the past and is capable of achieving similar growth now as well, they added.
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RBI pegs FY 20-21 growth at 6%
Business | Feb 06, 2020, 01:29 PM ISTRBI pegged India's growth rate in the next financial year at 6% and 5% in the current fiscal and decided to maintain the status quo on the benchmark interest rate.
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'Please try your magical exercise to start economy': Rahul Gandhi to PM Modi
India | Feb 03, 2020, 09:08 AM ISTTaking a jibe at PM Modi, Congress leader Rahul Gandhi posted an old video of Prime Minister exercising saying please try "your magical exercise routine a few more times" as it may just start the economy. His statement has come in the backdrop of Union Budget 2020 which according to Gandhi was hollow and lacked roadmap to revive economy.
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Pakistan in debt trap, each Pakistani owes Rs 1.53 lakh
World | Feb 02, 2020, 08:36 PM ISTThe per capita debt in Pakistan jumped 28 percent to Rs 153,689 at the end of last financial year, the Finance Ministry informed the National Assembly while confessing that all budget strategy targets were missed and that caused faster accumulation of public debt.
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Sitharaman announces 16 action points to focus on blue economy and animal husbandry
Business | Feb 01, 2020, 04:24 PM ISTDuring her budget speech, Finance Minister Nirmala Sitharaman on Saturday proposed 16 action points focusing on horticulture sector, food storage, animal husbandry and blue economy.
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Economic slowdown bottomed out, uptick from here onwards: CEA
Business | Jan 31, 2020, 06:34 PM ISTChief Economic Adviser K V Subramanian on Friday said India's GDP is expected to grow at 6-6.5 per cent next fiscal as the economic slowdown has bottomed out.
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Not GDP, Global Misery Index correct metric for Indian economy today: Congress
India | Jan 30, 2020, 10:46 PM ISTThe Congress on Thursday accused the NDA government at the Centre of mutilating the soul of India and trampling upon the country's economy, saying it can be measured today in terms of Global Misery Index (GMI) and not the GDP.
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'Don't think so': Abhijit Banerjee says wouldn't have won Nobel Prize living in India
India | Jan 27, 2020, 08:55 AM ISTNobel Laureate Abhijit Banerjee feels that he wouldn't have won the nobel prize if he was living in India. The 58-year-old India-born American economist was speaking at a session at Jaipur Literature Festival when he was asked if he could have won the Nobel based in India.
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Not meeting FATF obligations would be devastating for Pak: US
India | Jan 25, 2020, 12:58 PM ISTA top US diplomat Alice Wells has said that not meeting the obligations of the Financial Action Task Force (FATF) would have a devastating impact on Pakistan's economic reform program.
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Not meeting FATF obligations would be devastating for Pak economic reform program: US
World | Jan 25, 2020, 12:45 PM ISTNot meeting the obligations of the Financial Action Task Force (FATF) would have a devastating impact on Pakistan's economic reform program, a top US diplomat said.
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Upcoming budget will have plan of action on economy, says Prakash Javadekar
Business | Jan 27, 2020, 03:42 PM ISTUnion Minister Prakash Javadekar on Wednesday announced that the central government will have a 'plan of action' to boost the economy with the upcoming budget to be presented on February 1.
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US seeing economic boom never seen by world: Trump
World | Jan 21, 2020, 05:14 PM ISTUS President Donald Trump on Tuesday said the US is in the midst of an economic boom that has never been seen before anywhere in the world.
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China's economy slumps to 6.1 per cent in 2019; lowest 29 years: NBS data
World | Jan 17, 2020, 12:58 PM ISTChina's economy grew by 6.1 per cent last year, the lowest annual growth rate in 29 years, National Bureau of Statistics said on Friday, as weak domestic demand and the bruising 18-month-long trade war with the US took their toll on the world's second-largest economic giant.
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India attracted record USD 9.3 bn tech investments in 2019: Report
Business | Jan 17, 2020, 09:59 AM ISTIndia attracted tech investments worth USD 9.36 billion last year, a 95 per cent increase compared with the previous year, according to the data compiled by a global database company.
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Three Indian cities named world's fastest growing cities list
India | Jan 10, 2020, 07:18 AM ISTThree Indian cities have been listed as the world's fastest-growing urban areas, a survey by the Economist Intelligence Unit (EIU) revealed. Malappuram, Kozhikode and Kollam were the only three cities to make it to the top 10 of the world's fastest-growing cities.
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Fundamentals of Indian economy strong, has capacity to bounce back: PM Modi
Business | Jan 09, 2020, 10:12 PM ISTUnfazed by projections of GDP growth slowing to an 11-year low in the current fiscal, Prime Minister Narendra Modi on Thursday said fundamentals of the Indian economy are strong and it has the capacity to bounce back.
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India growth projected to 'decelerate' to 5 pc in 2019-2020: World Bank
Business | Jan 09, 2020, 07:03 AM ISTThe World Bank has projected a five percent growth rate for India in 2019-2020 fiscal but said it was likely to recover to 5.8 percent in the following financial year.
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Sitharaman to meet heads of PSBs to discuss credit situation, economy on Saturday
India | Dec 27, 2019, 05:10 PM ISTFinance Minister Nirmala Sitharaman on Saturday will hold a meeting with heads of public sector banks to discuss various issues including the recently announced government measures to prop up the economy