Rahul Gandhi said millions of people are out of work at MGNREGA New Delhi: Congressional MP Rahul Gandhi criticized the government today for reports that the economy has entered a recession and millions of rupees have been unemployed. He noted that the MGNREGA basic work plan, which was launched by …
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The broader markets were outperforming the benchmarks. Share market news today | Sensex, Nifty, stock prices LIVE: National benchmarks ranged between gains and losses on Friday morning. S&P BSE Sensex started trading at 44,325 points, while the 50-share Nifty was above 13,000, but the indices soon gave up gains to …
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Written by Udit Misra | New Delhi | Updated: November 13, 2020 7:28:24 am The seal of the Reserve Bank of India (RBI) is displayed on a door outside the RBI headquarters in Mumbai. (Reuters photo: Danish Siddiqui) In its last monthly newsletter, November, the Reserve Bank of India has …
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The Indian economy is likely to enter a recession phase for the first time in the second quarter (July-September) of the current financial year, and the Gross Domestic Product is expected to contract by 8.6%, the Bank said. of the Reserve of India in a bulletin. released Wednesday. Technically, a …
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MUMBAI: Gross domestic product (GDP) is likely to contract by 8.6% for the July-September period, which means that India will enter a recession for the first time in history in the first half of this fiscal year with two successive quarters of negative growth due to the Covid-19 pandemic, according …
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Mumbai: The Indian economy will contract 9% in 2020-21 as coronavirus infections are still at their peak and the government is not providing adequate direct fiscal support, the Crisil rating agency said Thursday. In May, Crisil had estimated that the economy would contract 5%. The latest projection comes days after …
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The government and its bureaucrats must be frightened by their complacency, says the former RBI governor The 23.9% contraction in the GDP growth figures for the first quarter of the fiscal year 2020-21 “should alarm us all” and the government and its bureaucrats must “be scared of their complacency” and …
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Economists Say Rapid Rise In COVID-19 Cases Could Delay Recovery In Already Slowing Economy India’s gross domestic product or GDP contracted 23.9 percent in the April-June period, official data showed today, as disruptions induced by the coronavirus pandemic damaged businesses and livelihoods across the country. Despite the monetary and fiscal …
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