Tag Archives: GDP

The International Monetary Fund (IMF) projected on Tuesday that India’s gross domestic product (GDP) would plunge in fiscal year 21 by 10.3%, revised down from its June forecast of a 4.5 drop. %, which reflects a severe contraction of what was anticipated in economic activities in the first year. quarter …

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 …

A man checks his phone outside the headquarters of the Reserve Bank of India (RBI) in Mumbai. (REUTERS / Francis Mascarenhas / Archives) The monetary policy committee (MPC) kept the repurchase rate, its key interest rate, at 4%, while the reverse repurchase rate or the key interest rate remained at …

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 …

NEW DELHI: Rating agency Standard & Poor’s reaffirmed India’s sovereign rating at the lowest investment grade (BBB-) on Friday with a stable outlook. Asia’s third-largest economy is expected to rebound significantly from its estimated record contraction in fiscal year 21 due to the coronavirus pandemic, although worsening weak fiscal scenarios …

The Ministry of Finance has granted permission to five states to raise additional financial resources of Rs. Rs 9,913 crore through Open Market Loans (OMB). The five states: Andhra Pradesh ( ₹2525 crore), Telangana ( ₹2508 crore), Goa ( ₹223 crore), Karnataka ( ₹4509 crore) and Tripura ( ₹148 crore) …

“We will discuss and take a call on how to borrow and solve the income deficit (GST). We have given you two options. If they are not acceptable to them, we will discuss it and find a solution. But that doesn’t mean we don’t want to compensate, “Sitharaman said in …

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 …

The Press Information Office issued a clarification on the viral report citing NDMA, which calls for another blockade in India from September 25. The Union government on Monday denied reports that there will be another lockdown starting on September 25 due to the increase in coronavirus cases in the country. …

New Delhi: Congressional leader Rahul Gandhi criticized the government on Saturday, saying that its “well-planned fight” against the coronavirus has allegedly put India in an “abyss” of GDP reduction of 24 percent, 12 million rupees. Job positions. ₹Additional stressed loans of Rs 15.5 crore and the world’s highest daily COVID-19 …