Written by P Vaidyanathan Iyer | New Delhi | Updated: November 13, 2020 7:56:41 am Union Finance Minister Nirmala Sitharaman in New Delhi on Thursday. (Express photo: Anil Sharma) Atmanirbhar Bharat 3.0 It may well be Finance Minister Nirmala Sitharaman’s last aid package ahead of the 2021-22 budget, but there …
Read More »Explained: Government measures to create jobs, boost stressed sectors, boost the sale of new homes
Written by Sunny Verma, Aanchal Magazine, Sandeep Singh, Edited by Explained Desk | New Delhi | Updated: November 12, 2020 10:33:00 pm Union Finance Minister Nirmala Sitharaman addresses a press conference in New Delhi on November 12, 2020 (Twitter / @ FinMinIndia). The government on Thursday announced various measures boost …
Read More »Relief for Homeowners, Hiring Boost in Stimulus 3
To ease home buyers, the government on Thursday doubled the tax exemption limit on the price differential between the circular rate and the deal value to 20%, a key component of the new economic stimulus package of 2.65 crore which also includes easy working capital for loans to 26 sectors …
Read More »After the recession warning, the new government moves in the economy: 10 facts
Atmanirbhar Bharat 3.0 stimulus measures include additional funding for many sectors New Delhi: The government today announced new measures to support the manufacturing sector and create jobs after the Reserve Bank of India said the country would enter a recession with estimates of another quarterly contraction. The country’s economy has …
Read More »Hindustan Times News Updates: RJD’s Manoj Jha Taunts Nitish Kumar For Withholding CM Post And All Latest News
Here are today’s top news, analysis and views. Learn all about the latest news and other news updates from the Hindustan Times. ‘You dream of becoming CM after getting 40 seats’: RJD’s Manoj Jha teases Nitish Kumar Rashtriya Janata Dal (RJD) leader Manoj Jha attacked Bihar Prime Minister Nitish Kumar …
Read More »‘Mood in India as well as Moody’s rating improved,’ says government as new stimulus package is announced
Finance Minister Nirmala Sitharaman said Thursday that global rating agency Moody’s has reassessed the country’s growth figures after noting the rapid recovery from Covid-19 in the country. “I would like to announce some new measures in the series of stimulus announcements that we have been making … there are quite …
Read More »Moody’s revises India 2020 GDP forecast, sees 8.9% contraction from 9.6% previously
Moody’s Investors Service has revised the forecast for India’s GDP for calendar year 2020 upwards to a contraction of -8.9% from the previously anticipated contraction of -9.6%. Similarly, India’s GDP forecast for calendar year 2021 has been revised upwards to 8.6% from 8.1% previously projected. GDP forecasts are for calendar …
Read More »India In ‘Technical Recession’ For First Time In History, Says RBI On ‘Nowcast’; GDP from July to September will contract 8.6%
Image for representation. The central bank has “predicted” that the Gross Domestic Product (GDP) for the July-September quarter is set for a contraction of 8.6 percent. News18.com Last update: November 12, 2020 12:14 PM IST FOLLOW US: For the first time in history, India’s economy entered a “technical recession” in …
Read More »Finance Minister’s speech shortly after amid reports of new stimulus
After several rounds of discussion, the government has almost finalized the next stimulus package, the source said, adding that the size of the stimulus could be much smaller than the previously announced amount of Rs 20 lakh crore. The government may announce the reintroduction of Pradhan Mantri Rojgar Protsahan Yojna …
Read More »‘Turned Strength Into Weakness’: Rahul Gandhi Targets Prime Minister Modi Above Economy
Congressional leader Rahul Gandhi once again targeted Prime Minister Narendra Modi, claiming that India has entered a recession due to decisions made by the prime minister. “India has entered a recession for the first time in history. Modi’s actions have turned India’s strength into its weakness, ”Gandhi tweeted on Thursday. …
Read More »