Tag: economy
GDP Sees Unprecedented Freefall In Q1FY21, Contracts By 23.9%
The Covid-19 pandemic-induced economic turbulence, along with measures to curb its outbreak, heavily dented India's economy and plunged the country's GDP by (-) 23.9 per cent during the first quarter (Q1) ended June 2020-21 on a year-on-year basis. ....
Increase Infrastructure Spending To Revive Economy: Chidambaram
Former Union Finance Minister P. Chidambaram has advised the government to increase spending in infrastructure to revive the Indian economy, as the GDP has contracted by 23.9 per cent in the first quarter of the 2020-21 fiscal. ....
Good Road Network Will Boost Economic Growth: Sheikh Hasina
Bangladesh Prime Minister Sheikh Hasina on Thursday said her government was working to build a 'communication network' across the country to ensure transportation of goods and economic self-sufficiency of people. ....
Economy Not Circus Lion That Responds To Ringmaster's Stick: Chidambaram
Former Finance Minister P. Chidambaram on Thursday criticised the Centre for its claims on reviving the economy. He said the economy was largely determined by the market, by the laws of demand and supply, and by the purchasing power and the sentiments of the people, which are missing currently. ....
India On Course To Become 5-trillion-dollar Economy By 2024: BJP
The BJP presented latest economic data on Tuesday to claim that not only is the economy of the country back on track but is on an upward surge. BJP's spokesperson for economic affairs Gopal Krishna Agarwal cited GST collections of October among other indicators to reiterate his party's position that India is still on course to become a 5-trillion-dollar economy by 2024. ....
Farmers' Protest May Impact Economic Recovery: CII
The disruptions in supply chains caused by the current agitation by farmers in many parts of India will have a bearing on the economy over the coming days and may impinge upon the ongoing recovery from the economic contraction due to COVID, industry body CII said on Monday.....
Congress Seeks Cash Transfers, Reduced GST In Budget
Ahead of the Budget Session, the Congress on Thursday demanded that the government initiate cash transfers and reduce taxes. ....
US Economy Suffers Worst Contraction In 74 Years
The US economy contracted 3.5 per cent in 2020 amid the raging Covid-19 pandemic, the worst annual decline of the country's gross domestic product (GDP) since 1946, according to data released by the Commerce Department. ....
No Rise In Retail Petrol/diesel Prices Despite New Cess In Budget
The government on Monday imposed agriculture and infrastructure development cess at the rate of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel to mobilise additional resources required for massive investment required in these two key segments of the economy that hold the key to bringing back the country on the path of growth. ....
No New Tax For The Rich, FPIs Lead To 2,300-point Sensex Salute For Budget
The stock markets have saluted the Union Budget with a massive gain of 2,300 points as the fears of a Covid cess or increase in capital gains tax did not materialise while withholding tax for FPIs found no mention. ....
