The 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.
Union 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.
Nobel 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.
The BSESENSEX lost 332.18 points or 0.79 per cent to close at 41,613.19 points. NIFTY lost 104.10 points or 0.84 per cent to close at 12,248.25 points. The Indian rupee lost 24 paisa or 0.34 per cent, to close at Rs 71.32 to the US dollar.
A 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.
Not 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.
Arvind Kejriwal, whose government has been criticised by the BJP for giving "freebies", said that freebies make more money available to the poor.
Asserting that the Indian economy is well-poised to take off, Union minister Piyush Goyal on Thursday said there is a lot of enthusiasm for making investments in the country.
The 2003 outbreak of Severe Acute Respiratory Syndrome in China, along with cases of a deadly form of bird flu, resulted in widespread quarantine measures in many Chinese cities and in Hong Kong. More than 8,000 people fell sick and just under 800 people died, a mortality rate of under 10 per cent.
It is after a long gap that the tax collection is actually lower than the numbers given in the previous year. Already the development has rung the alarm bells that current economic crisis may be deep-seated and take much longer time to recover from.
US 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.
Union Finance Minister Nirmala Sitharaman has said the kind of cleaning in the system that the BJP-led government had to carry out after coming to power in 2014 was "unbelievable".
Gadkari said that the goal can be achieved by increasing domestic production and reducing dependence on imports. He spoke at the 29th International Management Conclave of the Indore Management Association here.
China'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.
India 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.
Three 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.
Unfazed 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.
The 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.
The decline has been mainly on account of deceleration in manufacturing sector growth, which is expected to come down to 2 per cent in 2019-20 from 6.2 per cent in the year-ago fiscal, as per the first advanced estimates of the national income released by National Statistical Office(NSO) on Tuesday.
Talking about the economic slowdown in India, Nobel laureates Abhijit Banerjee said that it was important that there were no more cuts in corporate taxes.
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