"The pace is continuing and there has been confidence that in the next few weeks, all the eligible people will get two shots (of Covid vaccine). It will leave us in a good shape to tackle any future mis-happenings that may take place," Jaishankar said before shifting his focus on economy.
Mumbai: Finance Minister Arun Jaitley on Sunday said that the banking system needed to be strengthened to meet the market’s liquidity requirements and drive economic growth. Jaitley was speaking via video-conference at an event here to mark the 100th anniversary of the Union Bank of India. According to the Minister, it is importanat that the […]
Rome: The United Nations’ International Fund for Agricultural Development signed a $39.3 million dollar accord with Tajikistan on Friday for a six-year project to cut poverty and propel economic growth in poor rural communities in the Central Asian nation. Under the agreement, IFAD will make a $15.3 million loan and a $15.3 million dollar grant. […]
Mumbai: India’s total external debt for the end-June quarter 2017 rose to $485.8 billion, from $471.9 billion reported for the end-March period, official data showed on Friday. However, on a year-on-year (YoY) basis the debt level increased by 1.29 per cent over the corresponding period of the previous fiscal. “At end-June 2017, India’s external debt […]
New Delhi: Digital India is certainly a big opportunity for both economic growth and innovation and the growth Facebook is witnessing in the country is a clear example of that, a top company executive said on Wednesday. According to Kevin Martin, Vice President for Mobile and Global Access Policy at Facebook, the government’s digital initiative […]
New Delhi: India’s factory output post-demonetisation rose by 2.7 per cent in January, official data showed on Friday. The factory output, as per the Index of Industrial Production (IIP), had inched lower by (-)0.10 per cent during December 2016 and contracted by (-)1.6 per cent in the corresponding month of the previous year. As per […]
Beijing: China has set its GDP growth target at around 6.5 per cent for 2017, compared with a target range of 6.5-7 per cent last year, a government report revealed on Sunday. “(China will) pursue better results in actual economic work”, according to the report delivered by Prime Minister Li Keqiang at the opening meeting […]
Overcoming the slowdown from demonetisation, India's growth rate is projected to accelerate to 7.2 per cent in 2018 and 7.4 per cent in 2019, the UN said, describing the outlook for the country as "largely positive".
Washington: The IMF has suggested a three- pronged approach for structural reform in India that includes addressing the corporate and banking sector weaknesses, continued fiscal consolidation through revenue measure, and improving the efficiency of labour and product markets. Deputy Director Asia Pacific Department of IMF, Kenneth Kang, said the favorable outlook for Asia was an […]
New Delhi: Finance Minister Arun Jaitley today said the government is considering additional measures to bolster economy that has hit a three-year low of 5.7 per cent in the first quarter of the current fiscal. The minister said an announcement with regard to the additional steps will be made after consulting Prime Minister Narendra Modi. […]
Asserting that India's economic growth will be significantly better next year, Finance Minister Arun Jaitley Thursday said the real economic growth potential of the country was over 9 percent
A UN report has revised up the world economic growth as a result of robust rebounds in China and the US but warned against fragilities in other economies in the context of Covid-19.
New Delhi: India’s economic growth is expected to “strongly rebound” to 6-6.5 per cent in 2020-21 from 5 per cent estimated in the current fiscal, the Economic Survey said on Friday, adding that the government with a strong mandate has the capacity to expedite reforms. The Economic Survey 2019-20 tabled in Parliament said there are […]
New Delhi: The decline in the economic growth has bottomed out, said the finance ministry on Friday as the GDP growth slowed to a nearly seven-year low of 4.7 per cent in the quarter ending December 2020. The National Statistical Office (NSO) has, however, upwardly revised GDP growth estimates for the first quarter of 2019-20 […]
New Delhi: Prime Minister Narendra Modi on Thursday held a “comprehensive” meeting to discuss strategies to attract more foreign investments into India as well as to promote local investments in order to give a boost to the economy against the backdrop of the COVID-19 pandemic. PM Modi directed that measures should be taken to handhold […]