With the highly transmissible Omicron variant of Covid-19 unleashing new waves of infections, the human and economic tolls of the pandemic are projected to increase again.
Most of the downgrades in the region come from emerging market and low-income countries, led by India and the Association of Southeast Asian Nations.
The six-month Expo 2020 Dubai will start on October 1, 2021 and go on till March 2022.
The contraction of GSDP at current prices is likely to be 2.5 per cent in FY 22. The SBI forecast is the loss to GSDP in the second wave will be less than the first wave. However, the report finds high order of stress in the household sector
New Delhi: The Centre on Saturday said that all states except Tamil Nadu have availed benefits of “Special Assistance to States for Capital Expenditure”. The scheme is aimed at boosting capital expenditure by the state governments, who are facing a difficult financial environment this year due to the shortfall in tax revenue arising from the […]
New Delhi: In a blow to India, Moody’s Investors Service has cut the country’s credit rating outlook to negative – the first step towards a downgrade, saying the government has been partly ineffective in addressing economic weakness, leading to rising risks that growth will remain lower. While foreign currency rating was retained at Baa2 – […]
New Delhi: US rating multinational Moodys Investor Services on Thursday cut its 2019-20 growth forecast for India to 5.8 per cent, from its earlier 6.8 per cent, saying the economy was experiencing a pronounced slowdown on account of multiple, domestic and long-lasting factors. “While we expect a moderate pick-up in real GDP growth and inflation […]
Kolkata: Former president Pranab Mukherjee on Saturday said the government’s ambitious target of becoming a USD 5-trillion economy by 2024-25 is possible through prudent fiscal management. Mukherjee also said the GST needs more clarity and that some signs of a slowdown in the economy were visible since last year, leading to a lower GDP growth […]