From being the first country where the Covid-19 virus was detected, China is poised to become the only major economy in the world to grow in 2020. China’s gross domestic product (GDP) expanded 4.9% in the July-September quarter. , according to statistics published by the country’s National Statistics Office. Given …
Read More »India considers ₹ 1.68 crore package to attract global manufacturers
India plans to offer incentives for value ₹1.68 trillion ($ 23 billion) to attract companies to establish manufacturing in the South Asian nation, people with knowledge of the matter said. The government of Prime Minister Narendra Modi will offer production-linked incentives to automakers, solar panel makers and specialty steel to …
Read More »The catalytic banks of economic reactivation: FM Sitharaman
MUMBAI : Finance Minister Nirmala Sitharaman said on Wednesday that banks will be the catalysts for economic recovery. “At this stage, the catalysts for economic reactivation, the catalysts that have the pulse of each of its clients, are the banks,” said the finance minister. He spoke after launching PSB Alliance-Doorstep …
Read More »Giving 50 percent cash to the poorest to save the economy: P Chidambaram to the center
Former Minister P Chidambaram has suggested measures to reactivate the economy, which has contracted 23.9%. New Delhi: Former Finance Minister and Congressional Leader P Chidambaram today tweeted a series of measures to boost consumption, including paying back GST payments to states, including raising money through loans to take out the …
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