Category: Economy News
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People have started cutting down on essential expenses as well,
(Aditya Shaw, Intern Journalist): Due to Covid-19, the uncertainty about the economy has spread in such a way that people have started cutting the consumption of essentials along with non-essential items. This was indicated by RBI in the Consumer Confidence Survey on August 6, 2020, and the same is revealed in the report of accounting…
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World’s Kitchen: India supplies more food to the world
(Rishitha Jaladi, Intern Journalist)Delhi: As the financial system comes to a standstill amid the coronavirus-led lockdown, India’s agriculture zone has taken the baton of monetary increase in its hands. The exports of agricultural commodities from March to June 2020 shot up with the aid of 23.24 percent on-year to Rs 25,552.7 crores, under the Ministry…
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Time for Gramodaya
(Rishitha Jaladi, Intern Journalist)Delhi: India’s per capita GDP in rural areas has grown for 6.2% on account that 2000. The agricultural region has proven a staggering boom of 5.9% in Q4 2020. CRISIL’s forecast states agricultural region will depict a 2.5% increase in 2020-21 as towards India contracting at 4.2%. The elements beneficial for the…
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India’s road to economic revival
(Rishitha Jaladi, Intern Journalist)Delhi: As India’s financial boom struggles to regain momentum, sector-specific efforts throughout 9 key sectors can assist the united states of America to jump closer to revival. Unlocking frictions in 9 core sectors and the MSME segment, which makeup seventy-five percent of the pre-pandemic GDP, over the subsequent three years and can drastically…
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South Korean investments in UP
(Rishitha Jaladi, Intern Journalist)Uttar Pradesh: A delegation of South Korean electric powered automobile manufacturer, Edison Motors met Uttar Pradesh Chief Minister Yogi Adityanath on Monday and expressed their wish to make investments in the state, a reliable said. The delegation led through Managing director Y K Lee met the chief minister at his authentic dwelling and…
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Japan’s economy shrank
(Rishitha Jaladi, Intern Journalist)Japan: The Japanese economy was hit by its biggest economic contraction on record in the second quarter due to the ongoing COVID-19 pandemic, according to AP citing government data released on Monday. Economy Minister Yasutoshi Nishimura said the government will take “flexible, timely” action to recover from the impact. Japan’s economy shrank…
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Britain’s economy in recession
(Deepshikha Gautam, Intern Journalist) Britain : The GDP fell by 20.4 in the second quarter due to a lockdown implemented to overcome the corona virus epidemic in Britain, with the economy officially hit by recession. The economy officially considered to be in the grip of a recession when the UK has negative growth rates for…
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Special Day for Taxpayers
(Deepshikha Gautam, Intern Journalist) New Delhi: Today, 13 August 2020, is special for the honest taxpayers of the country. Prime Minister Narendra Modi launched the ‘Transparent Taxation Honor of Honesty’ program. The PM said that this will improve our tax system and will further strengthen efforts to simplify it. This will be the direction to…
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PM Modi to announce fresh measures relating to economy
(Riya Saha, Intern Journalist)NEW DELHI: The government is likely to soon announce fresh measures, including big-ticket infrastructure projects and policy changes, to make local industry more competitive, as part of efforts to rebuild the economy in the wake of the Covid-19 pandemic, said people with knowledge of the matter. Prime Minister Narendra Modi may himself…
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Modi or Manmohan – whose economic performance is better?
(Riya Singh, Intern Journalist): According to the latest survey, the majority of Indians now no longer believe that the Modi government’s economic performance is ‘better’ than that of the Manmohan Singh-led UPA government. As per the survey report, the majority of respondents opined that the economic performance of the present government is ‘at par’ with the earlier Congress-led governments.…