The new investments needed for the economy to reach the $ 5 trillion goal would amount to nearly Rs 500 million over the 7-year period from 2021 to 2027. Prime Minister Narendra Modi’s goal of turning India into a $ 5 trillion economy will now take a few more years. …
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Prime Minister Narendra Modi will soon lead the government’s initiative to attract more foreign investment to the country. In this regard, Modi plans to meet with 15 leading global funds houses to get their opinion on the asset class and the issues that need to be addressed. “Fund houses all …
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More than 3 million unpublished union government employees will receive a bonus worth Rs 3,737 crore as a step to revive demand in the economy, the cabinet decided on Wednesday. “The cabinet of the Union has approved a bonus linked to productivity and not linked to productivity for 2019-2020. The …
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NEW DELHI: Days after Finance Minister Nirmala Sitharaman said the government remains open to the idea of another round of fiscal stimulus to help revive the pandemic-hit economy, a senior Finance Ministry official said the Wednesday that another aid package is in the works. Economic Affairs Secretary Tarun Bajaj said …
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NEW DELHI: The government is working on the next stimulus package to support the economy amid positive signs of a drop in Covid-19 cases, a senior Finance Ministry official said Wednesday. The government has received suggestions from various ministries and sectors on the necessary measures, Tarun Bajajsaid the secretary of …
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Finance Minister Nirmala Sitharaman on Monday called on officials to ensure that 14 state-owned companies spend 75 percent of their capital outlay for the year by the end of December. This is because the government seeks to keep pace with capital and infrastructure projects in an attempt to soften the …
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India can reach 40% of China’s economic output by 2030. China is closing in on the United States as the most powerful country influencing the Asia-Pacific as the United States’ handling of the Covid-19 pandemic tarnishes its reputation, a study showed. While the United States maintained its place as the …
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Signs of recovery for India’s troubled shadow banks have taken a step back as concerns about the true impact of the pandemic on lenders resurfaced. Average lenders’ AAA-rated five-year bond spreads increased for the first time in four months in September. Of the other three shadow banking sector health tracking …
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By: Express Web Desk | New Delhi | October 18, 2020 9:07:30 pm Congress President Sonia Gandhi (Archive) Accusing the government of “demolishing” the economy, pushing the country into an “abyss” due to the mismanagement of the coronavirus pandemic and failing to “honor” the Constitution, Acting President of Congress Sonia …
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“Any emerging economy that performs well is good news,” Kaushik Basu, a former World Bank chief economist, tweeted after the International Monetary Fund updated its World Economic Outlook. “But it is surprising that India, which had a 25% lead five years ago, is now behind.” Ever since it began opening …
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