Category: Economy News
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India needs to choose the economy it wants – Toyota or Pakora?
(Milcah Anila, Intern Journalist)India: India must break out of this vicious cycle in which taxes are high, consumer demand is low, investment and job creation are constrained, and wage incomes are insufficient to boost purchasing power at the bottom of the pyramid. Taxes are hence exorbitant and have to be collected from a small consuming…
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The US economy needs more help. Congress is too divided to provide it
(Rishitha Jaladi, Intern Journalist)NewYork: Private companies are vanishing. Joblessness claims remain staggeringly high. Furthermore, state and nearby spending plans are collapsing. However, Congress is probably going to skip town this month without giving extra crisis help to the economy, as per Goldman Sachs. “Now, a significant upgrade bundle before the political decision resembles a since quite…
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Indian economy will be back to its path after COVID 19: CEA
Twinkle Saloni ( intern journalist):- The sector like cement Steel railway information communication technology has seen growth. After July 2019 after so long economy advisor Subramanyam mentioned. Chief economy advisor Krishnamoorthy confidently stated on Tuesday, that high growth will be seen in the country through the reform started by the government. After defeating the COVID-19…
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India’s economy to be contracted by 9 percent in FY2020-21—ADB
(Harleen Kaur, Intern Journalist ) In the current forecast a 9 percent decline in the Indian Economy in the current financial year 2020-21. The Asian Development Scenario ( ADO)-2020update released by ADB on Tuesday said that the economic activity in India had been severely affected by the Corona Virus. This has also impacted consumer sentiment,…
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Gold and silver prices again show up, prices can reach beyond 60 thousand by Diwali
(Manisha Mahar, Intern Journalist); On Tuesday, the bullion market and futures trading market across the country saw a rise in the prices of gold-silver prices. The weakness in the rupee against the US Dollar and the rise in the global market also saw the effect in the Indian market. While gold prices rose by Rs…
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Govt panel to study the impact of waiving loan interest
(Rishitha Jaladi, Intern Journalist)Delhi: The Finance Ministry on Thursday said that it has set up a specialist board of trustees to evaluate the effect of forgoing interest installments on advances under the ban and recommend measures to give help to borrowers. The board of trustees to be going by previous controller and evaluator general Rajiv…
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Central will never back down on GST reimbursement
(Deepshikha Gautam, Intern Journalist) New Delhi: On the charge of not giving GST compensation to the center on behalf of the states, the Finance Minister says that the central government is not withdrawing from the full amount of compensation. Sources said that these things have also been clearly stated in the proposal for the option…
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NEP is vital step to develop economy of India
Saloni Subha ( Intern Journalist ) The New Education Policy emphasizes passion, practicality, and performance and is a major step towards moving away from a “one size fits all” approach said prime minister Narendra Modi On Monday. NEP had been accepted nationwide as it was brought out after lots of discussion and consultations with people…