-The Indian Express “All ministries have been directed to reduce wasteful expenditure on travel, food and conferences by 20 percent. The CCIG has asked the Department of Expenditure, Ministry of Finance, to take necessary action in this regard,” a source told The Sunday Express. In an austerity move, the Union government has decided to reduce wasteful expenditure on items such as travel and food by 20 percent, it is learnt. A decision of...
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$5 trillion economy by 2024? Magic realism at play given current low -Maitreesh Ghatak
-NDTV Lately, the January releases from the Central Statistics Office (CSO) about the advanced estimates of national income have a touch of seasonal chill. The estimate of the real GDP Growth rate for 2019-20 has touched 5%, falling from 6.8% in 2018-19, continuing a downward slide that started in 2016-17. This is the lowest Growth rate since 2008-09, which was the year of the global financial crisis. Indeed, in the entire...
More »Modi govt policies hampering India's economic Growth, foreign policy: risk firm -Suhasini Haidar
-The Hindu Eurasia Group places India as 5th highest geopolitical risk in 2020 list India has been ranked the 5th highest “Geopolitical Risk” in 2020, according to a list of 10 global risks in the year ahead, compiled by the Eurasia Group, a leading global political risk management consultancy. It said that in its second term, the Narendra Modi-led NDA government’s “social” policies were affecting India’s economic agenda and foreign policy image. “Prime...
More »Farmers stare at another loss despite good rains. They need a boost from govt -Richard Mahapatra
-Down to Earth Indian farmers have accumulated huge debts due to crop damages and less remunerative price for produce When the National Statistical Office released the advance estimate of gross domestic product (GDP) Growth for the 2019-20 fiscal year, the optimism for farmers — with an above-normal monsoon — fizzled out. India’s GDP Growth for the current financial year was pegged at 5 per cent, the lowest in 11 years. In 2018-19, the...
More »India's Growth projected to 'decelerate' to 5% in 2019-2020: World Bank
-PTI The World Bank said India's Growth rate was likely to recover to 5.8 per cent in the following financial year. Washington: The World Bank has projected a five per cent Growth rate for India in the 2019-2020 fiscal, but said it was likely to recover to 5.8 per cent in the following financial year. The Growth rate for Bangladesh has been projected to remain above seven per cent through the forecast horizon...
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