NEW DELHI: The central government said Wednesday that it will borrow ₹4.34 trillion in the second half of the fiscal year, sticking to its ₹Debt plan of 12 trillion for the whole year as decided in May. The Secretary of Economic Affairs, Tarun Bajaj, in a briefing, said that the …
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India’s economy showed signs of stabilization in August and manufacturing and services gradually improved even as coronavirus cases spiked across the country. Five of the eight high-frequency indicators compiled by Bloomberg News gained last month, while two were unchanged and one deteriorated. That kept the needle on a dial that …
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India’s economic recovery prospects have gone from bad to worse after the nation emerged as a new global hotspot for the coronavirus pandemic with more than 5 million infections. Economists and global institutions like the Asian Development Bank have recently cut India’s growth projections from record lows as the virus …
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Vikram Rajput, a native of Mawai village in Jhansi, is ready to go back to work. He is happy because he had never imagined that it would be possible to get his job back within five months of its loss during the Covid-19 crash. Not only is he getting his …
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India plans to offer incentives worth 1.68 trillion rupees ($ 23 billion) to attract companies to establish manufacturing in the country, 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 consumer appliance …
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The Employees Provident Fund Organization (EPFO) decided on Wednesday to credit the interest rate to formal sector workers for 2019-20 in a phased manner, citing the impact of the coronavirus pandemic on their income. The EPFO will credit 8.15 percent to its subscribers for 2019-20 for now – significantly less …
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Three days in a row, the last two days of August and the first day of September 2020, Indian newspapers ran puzzling reports on the front page. On August 30, headlines prominently displayed the new set of Unlock India guidelines issued by the Center. Equally prominent next door was news …
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NEW DELHI: Leader of Congress Rahul gandhi on Monday he accused the government of privatizing Public Sector Units (UPM) and destroying jobs. Gandhi’s accusations came against the background of the government selling its entire 52.98 percent stake in India’s second-largest fuel retailer and India’s third-largest oil refiner, BPCL. “Today, the …
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NEW DELHI: Leader of Congress Rahul gandhi on Monday he accused the government of privatizing Public Sector Units (UPM) and destroying jobs. Gandhi’s accusations came against the background of the government selling its entire 52.98 percent stake in India’s second-largest fuel retailer and India’s third-largest oil refiner, BPCL. “Today, the …
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NEW DELHI: One week after India reported a significant contraction in its GDP during the April-June quarter of fiscal year 2020-21, former Reserve Bank Governor and prominent economist Raghuram rajan He has said that negative GDP growth figures should alarm everyone. Emphasizing the importance of government help or support in …
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