Category: Economy News
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The country’s economy is back on track
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(Pooja Dubey, Intern Journalist) Due to the lockdown caused by the coronavirus, the economy has started returning to track again. Finance Secretary Ajay Bhushan Pandey has indicated in this regard. He said that the government’s tax collection has accelerated. Also, due to the incentives given by the government in view of Corona, economic indicators are…
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Expected growth in Indian exports as US and Europe economy back on track in third quarter
(Ritambhara, intern journalist) With the US and European economy back on track in the third quarter of 2020, Indian exports are expected to increase. The US and Europe account for 34% of Indian exports. In the July-September quarter of the year 2020, the GDP of the US has increased by 33 percent and the GDP…
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The economy is recovering but!
(Milcah Anila, Intern Journalist) New Delhi: Union Finance Minister Nirmala Sitharaman has said that despite the signs of a recovery in the economy, the gross domestic product (GDP) growth rate is likely to be minus or almost zero in the current financial year. She attributed this to a 23.9 percent decline in the first quarter…
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Excessive debt in the company’s business model is an indicator of the basic problem
(Anjali Shreya, Intern Journalist): A senior executive of the State Bank of India (SBI) said on Saturday that the excess of debt in a business model of a company is indicative of a fundamental problem. Arijit Basu, managing director of SBI’s commercial customer groups, said the Insolvency and Bankruptcy Code (IBC) has given an equal…
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Good news amid Corona crisis, country’s foreign exchange reserves reach record high
(Aditya Shaw, Intern Journalist): There is good news between the coronavirus epidemic and the economy struggling with lockdown restrictions. India’s foreign exchange reserves have reached an all-time high. India’s foreign exchange reserves have reached a record level of $ 555.12 billion. The foreign exchange reserves have increased by $ 3.615 billion in the week ending…
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It may take several years for the Indian economy to get back on track: Michael Patra
(Aditya Shaw, Intern Journalist): According to the estimates so far in the country’s GDP this year, a contraction of 10-12 percent is certain. Many reports have expected that it will show positive growth in the next financial year (2021-22). Regarding the growth, Michael Patra, member of the Reserve Bank’s Monetary Policy Committee, said that the…
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Second stimulus package insufficient for accelerating economic activity
(Deepshikha Gautam, Intern Journalist) New Delhi: The Indian economy will witness a major decline in the current financial year (FY 2020-21). The recently announced stimulus package by the government to accelerate the decline in economic activity due to the coronavirus epidemic will prove insufficient. This has been said in a report prepared on the basis…
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India stands on the threshold of economic revival
(Deepshikha Gautam, Intern Journalist) New Delhi: Reserve Bank of India Governor Shaktikant Das said on Wednesday that India stands on the threshold of economic revival due to the liberal and favorable monetary and fiscal policies of the government and the central bank. He was speaking at the release of the book ‘Portraits of Power: Half…
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A chance for another stimulus
(Milcah Anila, Intern Journalist) New Delhi: Finance Minister Nirmala Sitharaman on Monday hinted that another stimulus statement is likely to boost the economy in the wake of corona-induced problems. Nirmala Sitharaman, who unveiled a book written by NK Singh, chairman of the 15th Finance Commission, spoke on the occasion. She said the Center had started…
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Mid and Small Cap Shares Zoom in Positive Market
(Milcah Anila, Intern Journalist)Vijayawada: Domestic stock markets rallied for the third day in a row. At present, the Sensex is up 106 points at 40,538. The Nifty is up 23 points at 11,896. Against this backdrop, some mid- and small-cap counters are impressing investors. As a result, the markets are soaring with huge profits beyond…