Government On Economic Slowdown

Union Minister for Micro, Small and Medium Enterprises (MSME) Narayan Rane today said the central government and Prime Minister Narendra Modi are making efforts to ensure citizens are not adversely affected by the global economic

A record number of business and government leaders will descend on the Swiss resort of Davos next week to pore over challenges ranging from global economic slowdown to environmental collapse as the World Economic Forum returns to its winter slot.

Mr Subramanian, while reacting to RBIs outlook on inflation, expressed disappointment that though prices have been rising for almost three years, it was late in taking measures to check them, which showed "a certain loss of institutional independence"

Congress chief Sonia Gandhi ripped into the government on Sunday over the recently passed farm laws, the handling of the coronavirus outbreak, the economic slowdown and the alleged atrocities against Scheduled Castes, claiming democracy in the country is passing through its "most difficult phase".

Economic slowdown created by COVID-19 pandemic does not qualify as "internal disturbance" threatening the security of state, the Supreme Court said on Thursday while quashing the notifications of Gujarat government which exempted factories from observing certain obligations towards workers.

The Gujarat government on Wednesday asked all private schools to take a 25 per cent cut in annual school fees, in relief to parents of school-going children hit by economic slowdown caused by the coronavirus pandemic and the resultant lockdown.

Gold prices have risen amid fears of coronavirus-induced economic slowdown and unprecedented stimulus measures from governments and central banks globally.

The coronavirus pandemic amid an economic slowdown has hit revenue at Indianretailersselling non essential items like clothes and jewelry by 75 per centso far and is likely to cause widespread job losses, an industry body said on Monday. About 40 per centof the six million employees working in India's modern, rather than traditional, retail sector ...

Referring to the economic slowdown, the Congress on Friday said the government's functioning has been affected by the "karo-na (don't do anything) virus", asserting that the Centre continues to function in an "ostrich-like" mode despite all economic indicators spiralling downward.

Attacking the Modi government on the state of the economy, former Prime Minister Dr Manmohan Singh on Wednesday said the current dispensation does not acknowledge the word "slowdown" and the real danger is that if problems are not recognised, then finding credible answers to take corrective action is unlikely.

Wholesale inflation worsened to 3.1 per cent in January from 2.59 per cent in the previous month, government data showed on Friday. The release of official data on wholesale inflation - or the rate of increase in wholesale prices - comes at a time when the economy is staring at the worst pace of annual expansion in more than 11 years, and the centr...

The Reserve Bank of India (RBI) will release its sixth bi-monthly policy statement of current fiscal year at 11:45 am today, following a three-day meeting of its Monetary Policy Committee. The six-member Committee headed by RBI Governor Shaktikanta Das is widely expected to maintain the status quo on key lending rates, amid economic slowdown and co...

An Economic Survey by Chief Economic Adviser Krishnamurthy Subramanian will be officially announced later in the day and the government will present its Union Budget on Saturday.

Things haven't gone according to plan though, largely because of a worsening slowdown in the economy, which has put pressure on government revenue and the fiscal deficit.

Finance Minister Nirmala Sitharaman will present the Union Budget for financial year 2020-21 on February 1. This will be the first full-year Budget after the re-election of Prime Minister Narendra Modi's government in May last year. PM Modi will hold detailed talks with economists and financial experts on Thursday to discuss the current economic sl...

Union Minister for Micro, Small and Medium Enterprises (MSME) Narayan Rane today said the central government and Prime Minister Narendra Modi are making efforts to ensure citizens are not adversely affected by the global economic

A record number of business and government leaders will descend on the Swiss resort of Davos next week to pore over challenges ranging from global economic slowdown to environmental collapse as the World Economic Forum returns to its winter slot.

Mr Subramanian, while reacting to RBIs outlook on inflation, expressed disappointment that though prices have been rising for almost three years, it was late in taking measures to check them, which showed "a certain loss of institutional independence"

Congress chief Sonia Gandhi ripped into the government on Sunday over the recently passed farm laws, the handling of the coronavirus outbreak, the economic slowdown and the alleged atrocities against Scheduled Castes, claiming democracy in the country is passing through its "most difficult phase".

Economic slowdown created by COVID-19 pandemic does not qualify as "internal disturbance" threatening the security of state, the Supreme Court said on Thursday while quashing the notifications of Gujarat government which exempted factories from observing certain obligations towards workers.

The Gujarat government on Wednesday asked all private schools to take a 25 per cent cut in annual school fees, in relief to parents of school-going children hit by economic slowdown caused by the coronavirus pandemic and the resultant lockdown.

Gold prices have risen amid fears of coronavirus-induced economic slowdown and unprecedented stimulus measures from governments and central banks globally.

The coronavirus pandemic amid an economic slowdown has hit revenue at Indianretailersselling non essential items like clothes and jewelry by 75 per centso far and is likely to cause widespread job losses, an industry body said on Monday. About 40 per centof the six million employees working in India's modern, rather than traditional, retail sector ...

Referring to the economic slowdown, the Congress on Friday said the government's functioning has been affected by the "karo-na (don't do anything) virus", asserting that the Centre continues to function in an "ostrich-like" mode despite all economic indicators spiralling downward.

Attacking the Modi government on the state of the economy, former Prime Minister Dr Manmohan Singh on Wednesday said the current dispensation does not acknowledge the word "slowdown" and the real danger is that if problems are not recognised, then finding credible answers to take corrective action is unlikely.

Wholesale inflation worsened to 3.1 per cent in January from 2.59 per cent in the previous month, government data showed on Friday. The release of official data on wholesale inflation - or the rate of increase in wholesale prices - comes at a time when the economy is staring at the worst pace of annual expansion in more than 11 years, and the centr...

The Reserve Bank of India (RBI) will release its sixth bi-monthly policy statement of current fiscal year at 11:45 am today, following a three-day meeting of its Monetary Policy Committee. The six-member Committee headed by RBI Governor Shaktikanta Das is widely expected to maintain the status quo on key lending rates, amid economic slowdown and co...

An Economic Survey by Chief Economic Adviser Krishnamurthy Subramanian will be officially announced later in the day and the government will present its Union Budget on Saturday.

Things haven't gone according to plan though, largely because of a worsening slowdown in the economy, which has put pressure on government revenue and the fiscal deficit.

Finance Minister Nirmala Sitharaman will present the Union Budget for financial year 2020-21 on February 1. This will be the first full-year Budget after the re-election of Prime Minister Narendra Modi's government in May last year. PM Modi will hold detailed talks with economists and financial experts on Thursday to discuss the current economic sl...