COVID booster shot for Rajasthan's dying camel economy
India | Jul 11, 2021, 09:02 AM ISTCamels have also emerged as saviours of schools in remote villages that are not connected by roads or do not have the luxury of internet connectivity.
Camels have also emerged as saviours of schools in remote villages that are not connected by roads or do not have the luxury of internet connectivity.
"Over 1st half of 2021, progress on vaccinations has led to a reopening of the economy and strong economic growth, supported by accommodative monetary and fiscal policy," the Fed said in its semi-annual monetary policy report to Congress on Friday.
Reserve Bank of India (RBI) Governor Shaktikanta Das said that the second wave of pandemic has taken grievous toll on India.
Since mid-April, the industry has been affected by the pandemic-related lockdowns/restrictions on mobility by various states and increased wariness to travel due to fear of infection contagion, ICRA said in statement.
The so-called core personal consumption expenditure price index, the Fed's preferred inflation measure, jumped 3.4 per cent in May from a year ago, the largest 12-month increase since April 1992, Xinhua news agency quoted the Dept as saying on Friday.
The draft of MPD-2041, which was put in the public domain on Wednesday for suggestions and objections, largely covers the policies of environment, economy, mobility, heritage, culture and public spaces among others.
India's economy, which is facing the heat of the second wave of coronavirus, has been projected to grow at 8.3 per cent in 2021, according to World Bank.
Revenue Secretary Tarun Bajaj on Friday said the economy has not suffered as much this year amid the second wave of COVID-19 as compared to last year when there was complete lockdown.
While acknowledging that present situation has become far more difficult than it was in past due to rising coronavirus infections, Kumar remained hopeful that India's economy will grow 11 per cent in current fiscal ending March 31, 2022.
IMF MD Georgieva said this is adding to exceptional and coordinated actions taken over the past year.
The Indian Railways has rolled out the first prototype Linke Hofmann Busch (LHB) AC three-tier economy class coach.
Japan's economy surged in the fourth quarter of 2020 but it was not enough to keep the world's third-largest economy away from negative growth for the year as the economy shrank 4.8 percent due to Covid-triggered crises -- the first contraction since 2009.
India's GDP is within the striking distance of attaining positive growth, the Reserve Bank said observing that the letter "V" in the V-shaped recovery stands for the vaccine.
Passenger vehicle wholesales in India increased 13.59 per cent to 2,52,998 units last month on a very low sales base of December 2019, auto industry body SIAM said on Thursday. Passenger vehicle sales in December 2019 stood at 2,22,728 units.
India, which appears to have been pushed back to being the world's sixth biggest economy in 2020, will again overtake the UK to become the fifth largest in 2025 and race to the third spot by 2030, a think tank said on Saturday.
The covid-19 induced turmoil showed weakness as well as resilience of India's economy in 2020, as the country's GDP recorded abysmal fall and breathtaking recovery.
Prime Minister Narendra Modi on Saturday said that recovery is faster than expected and economic indicators are encouraging.
The GDP at constant (2011-12) prices in Q2 of 2020-21 is estimated at Rs 33.14 lakh crore.
Ficci President Sangita Reddy on Sunday said India's strategy of dealing with the COVID-19 crisis has paid off and the country's economy is set to bounce back and emerge stronger.
Finance 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.
Top News
Latest News