Tag: Economy

New Delhi: Wholesale prices in the country witnessed deflation of 3.21 per cent in May due to sharp decline in prices of fuel and power, even as food articles turned expensive. “The annual rate of inflation, based on monthly Wholesale Price Index (WPI), stood at (-) 3.21 per cent (provisional) for May 2020 as compared […]

Bhubaneswar: The frequent lockdowns to cull spread of Coronavirus has rattled the middle class, backbone of India’s economy, and the stratum is now bearing the brunt of COVID-19 impact. Apart from the migrant workers and other poor sections of the society, the middle and lower-middle-class seem to be shrinking as the world battles the biggest […]

New Delhi: The Indian economy is forecast to show an average growth of only 0.3 per cent in two years as India enters its first technical recession, GDP could post further decline in 3QFY21. As per a report by Motilal Oswal Financial Services, “Real GDP declined 7.5 per cent YoY in 2QFY21 (or 3QCY20), worse […]

Bhubaneswar: When the pandemic was on the verge of hitting the peak in Odisha around July this year, the State government adopted some rationalization measures in the wake of economic downturn to ensure that priorities like COVID response, livelihoods, agriculture and other crucial sectors are well funded. In a move to enhance capital investment for […]

Dwelling in the past cocoons every generation in a comfort zone. Perennially under the spell of self-praise and in the illusion of own generation’s self-adulation, every age group of politicians assumes that their successors would be less worthy. They rue “things have changed”. Of course, they are supposed to change and ought to change. Whether […]