Mann Ki Baat | PM Modi says small online payments helping build big digital economy
India | April 24, 2022 12:23 IST"Mann ki Baat" is the Prime Minister's monthly radio address, which is broadcast on the last Sunday of every month at 11 am.
"Mann ki Baat" is the Prime Minister's monthly radio address, which is broadcast on the last Sunday of every month at 11 am.
The IMF, early this week, projected a “fairly robust” growth of 8.2 per cent for India in 2022, making it the fastest-growing major economy in the world, almost twice faster than China’s 4.4 per cent.
Electricity will be switched off on a rotating basis between regions between 4:30 pm and 10:30 pm, according to officials. The state-owned Ceylon Electricity Board had requested permission for the cuts as fuel shortages had caused the loss of 541 MW to the national grid.
The Labour Department said Thursday that consumer prices jumped 7.5% last month compared with 12 months earlier, the steepest year-over-year increase since February 1982.
Known for his frank views, Rajan also said the government needs to do more to prevent a K-shaped recovery of the economy hit by the coronavirus pandemic.
On Thursday, India announced a USD 900 million loan to Sri Lanka to build up its depleted foreign reserves and for food imports, amid a shortage of almost all essential commodities in the island nation. The Indian High Commissioner to Sri Lanka Gopal Baglay met the Central Bank Governor Ajith Nivard Cabraal and “expressed India’s strong support to Sri Lanka in the wake of RBI extending over USD 900 million facilities over the last week”.
Inflation hit a record high of 11.1 per cent in November and escalating prices have left those who were previously well off struggling to feed their families, while basic goods are now unaffordable for many, The Guardian reported.
Dr. Rubaba Khan Buledi, president of the Women's Parliamentarian Forum in the Balochistan Legislative Assembly, disclosed peoples' condition in the country and expressed concern about the future.
The Pakistan PM said that the rising foreign debts and low tax revenue had become an issue of 'national security'.
"Our biggest problem is that we don’t have enough money to run our country due to which we have to borrow loans,” said Pak PM Imran Khan.
The march came as Sri Lankan Parliament debated the national budget for 2022.
On Air India privatisation, minister Hardeep Puri said given the fact that both the bids were higher than the reserved price, only proved that Air India was a first-rate asset.
India’s growth projection released by the latest World Economic Outlook remains unchanged from its previous WEO (World Economic Outlook) update of July this summer but is a three-percentage point in 2021 and 1.6 percentage point drop from its April projections.
The Indian economy grew by a record 20.1 per cent in the April-June quarter, helped by a very weak base of last year and a sharp rebound in the manufacturing and services sectors in spite of a devastating second wave of COVID-19 case.
The bench said that petitioners are at liberty to seek remedy under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI Act), 2002.
"Business community played a significant role in the economic development of Pakistan and a number of steps have been taken to facilitate them, particularly during Covid," the Prez said.
The new infections, many in people who have already been vaccinated, have jolted global financial markets, which worry Beijing’s response might disrupt manufacturing and supply chains.
However, the 6.5 pc gain was considerably less than the 8.4 pc Dow Jones estimate, Xinhua news agency reported.
"The path of the economy continues to depend on course of the virus. Progress on vaccinations will likely continue to reduce the effects of the public health crisis on the economy, but risks to the economic outlook remain," the Fed said in a statement after concluding a two-day meeting, Xinhua reported.
In India, where exports make up relatively small shares of the economy, high commodity prices have boosted the value of exports. This is one factor that helped reinvigorate India after its first devastating wave of COVID-19.
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