Economy
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Sitharaman says visible signs of economic revival but GDP growth may remain near zero this fiscal
Business | Oct 27, 2020, 06:46 PM ISTFinance Minister Nirmala Sitharaman on Tuesday said there were visible signs of revival in the economy but the GDP growth may be in the negative zone or near zero in the current fiscal.
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Govt working on next economic stimulus package: Finance Ministry official
Business | Oct 21, 2020, 08:48 PM ISTThe government is preparing for a second stimulus package as country is exiting from the lockdown amid signs that the pr day coronavirus cases are also falling, Reuters quoted a finance ministry official saying.
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US hiring likely slowed in September for 3rd straight month
World | Oct 02, 2020, 11:55 AM ISTA critical snapshot of the job market and the economy to be released Friday is expected to show a further deceleration in hiring as the nation’s viral caseload creeps higher and as government financial aid has faded.
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India's banking sector needs to grow for becoming $5 trillion economy: CEA
Business | Aug 24, 2020, 08:35 AM ISTThe government's Chief Economic Adviser K.V. Subramanian on Sunday said that India's banking system is proportionately smaller than the size of the economy and it needs to grow for the country to become a $5 trillion economy.
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North Korea to unveil new economic plans in January party meeting
World | Aug 20, 2020, 08:41 AM ISTNorth Korea will hold a rare ruling party congress in January where leader Kim Jong Un will announce a new five-year plan to develop the country’s dismal economy ravaged by U.S.-led sanctions and the coronavirus pandemic, state media said Thursday.
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Japan’s economy shrinks at record rate, slammed by coronavirus pandemic
World | Aug 17, 2020, 11:05 AM ISTJapan’s economy shrank at annual rate of 27.8% in April-June, the worst contraction on record, as the coronavirus pandemic slammed consumption and trade, according to government data released Monday.
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Narayan Murthy's 3-point formula to revive economy
Business | Aug 12, 2020, 12:31 PM ISTInfosys co-founder NR Narayan Murthy has made three big suggestions as a way forward for the economy hit by coronavirus pandemic. Murthy says GDP numbers are really worrisome and has come up with a three-point formula.
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Active job seekers confident about career progression as economy reboots: Survey
Jobs | Jul 28, 2020, 02:13 PM ISTIndian professionals are increasingly becoming optimistic as businesses slowly reopened last month and resulted in better hiring prospects across varied industries such as e-commerce, IT services, insurance and gaming, a survey said on Tuesday.
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Back-to-back meetings, complete monitoring: How PM Modi is keeping a close eye on major issues
News | Jul 23, 2020, 11:41 PM ISTPrime Minister Narendra Modi has been keeping a close eye on all major issues concerning the nation. Back-to-back meetings are being held.
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Govt open to announcing more measures to boost growth, says FM Nirmala Sitharaman
Business | Jul 21, 2020, 08:32 PM ISTFinance Minister Nirmala Sitharaman on Tuesday promised more policy interventions to revive the economy, and emphasised that green shoots are visible and the agriculture sector is driving growth.
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Agriculture holds the key, pandemic an opportunity for India: Economists at World Economic Forum
Business | Jul 17, 2020, 01:05 PM ISTChief Economists at the World Economic Forum on Thursday talked about the global economic outlook in the time of coronavirus pandemic. The COVID-19 pandemic is predicted to result in the largest contraction in global per capita income since 1870.
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China becomes first economy to grow since virus pandemic
World | Jul 16, 2020, 10:20 AM ISTChina became the first major economy to grow since the start of the coronavirus pandemic, recording an unexpectedly strong 3.2% expansion in the latest quarter after anti-virus lockdowns were lifted and factories and stores reopened.
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Scientists suggest strategies for safe-reopening of economy post lockdown
World | Jul 13, 2020, 04:43 PM ISTScientists have recommended three strategies, including a cycle of lockdown and relaxation, for the safe reopening of economies in low and middle-income countries after months of strict social distancing in response to the COVID-19 pandemic.
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China loses WTO dispute over market economy status
India | Jun 21, 2020, 07:45 PM ISTIn a landmark development, China has lost a dispute to the European Union at the World Trade Organization (WTO) for a market economy status, as the former allowed the dispute to lapse.
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India will turn COVID-19 crisis into opportunity: PM Modi
News | Jun 18, 2020, 01:28 PM ISTPrime Minister Narendra Modi launched the auction of 41 coal mines for commercial mining on June 18 via video conference in New Delhi. "India will turn this COVID-19 crisis into an opportunity. It has taught India to be self-reliant.
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Indian economy to grow at 9.5% in next fiscal: Fitch Ratings
Business | Jun 10, 2020, 02:52 PM ISTAfter a contraction in the current financial year, India's economy is forecast to bounce back with a sharp growth rate of 9.5 per cent next year provided it avoids further deterioration in financial sector health, Fitch Ratings said on Wednesday.
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French economy to contract over 10 per cent in 2020
Business | Jun 09, 2020, 09:10 PM ISTFrance's economy is on course to shrink over 10 per cent in 2020 due to the coronavirus pandemic, the central bank said on Tuesday.
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Unlock 1.0: Gym owners protest in Ludhiana
News | Jun 04, 2020, 08:40 PM ISTPhased unlocking began on June 1 to bring back economic growth and certain relaxations were announced amid COVID-19 outbreak, however, opening of gyms remains prohibited.
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Pandemic an opportunity, time to create more jobs in villages: PM Modi in Mann Ki Baat
Jobs | May 31, 2020, 09:17 PM ISTPM Modi in Mann Ki Baat on Sunday said the coronavirus crisis will be taken as an opportunity in the country. Addressing the nation through his monthly radio programme, PM Modi said that the government will work towards making villages self-reliant by creating more jobs for the migrants, focus on Make in India products.
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One year of Modi govt 2.0 full of historic achievements: Amit Shah
India | May 30, 2020, 12:07 PM ISTOn the completion of one year of Modi government 2.0, Home Minister Amit Shah congratulated the people of India and Prime Minister Narendra Modi saying it has been full of historic achievements.