NEW DELHI: The government will continue on its path of fiscal consolidation and intends to achieve a fiscal deficit below 4.5% of gross domestic product (GDP) by 2025-2026, Finance Minister Nirmala Sitharaman he said in his budget speech. The government expects a fairly steady decline over the years. “We hope …
Read More »
While the country’s GDP previously fell by a record 23.9 percent in the first fiscal quarter, the economy is estimated to have substantially reduced the contraction to single digits in the second quarter. GDP Q2 FY 2020-21: The Ministry of Statistics and Program Implementation (MOSPI) plans to publish the GDP …
Read More »
India will be hit hardest among the world’s major economies even after the pandemic dies down, with production 12% below pre-virus levels in the middle of the decade, according to Oxford Economics. The balance sheet stress that had been building up before the coronavirus outbreak is likely to worsen, Priyanka …
Read More »
PATNA: On a note of confidence in the Bihar polls, BJP Chairman JP Nadda said Prime Minister Narendra Modi’s mantra of “scale and skill” was key to the party’s vision on which the NDA looked for another. mandate in the state and also said the party’s new office -carriers, which …
Read More »
The 5.8 percentage point reduction is the largest of the world’s major economies. India’s economic growth forecast was further cut by the International Monetary Fund (IMF) today, and the country now faces the largest contraction of any major emerging market in the wake of the coronavirus pandemic. Gross domestic product …
Read More »
India’s fight against the pandemic was more difficult because the country was already bearing the brunt of a prolonged slowdown. Nirmala Sitharaman LIVE: Finance Minister Nirmala Sitharaman announced today that government employees can take advantage of the cash voucher for LTC if they are unable to travel due to the …
Read More »