-TheWire.in Some analysts believe that a slowdown in the GDP growth for the fourth consecutive year, from 8.2% in FY17 to around 6.5% in FY20 (E), makes it a case of structural slowdown. India’s real or inflation-adjusted gross domestic product (GDP) grew at 5% in the June 2019 quarter of financial year 2019-20 (Q1FY20), the slowest growth in six years (25 quarters). In nominal terms, the growth stood at 7.99%, the lowest...
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States need to have better control on long-term credit flow: NITI Aayog official
-PTI New Delhi: State governments need to capitalise their credit institutions to get access to long-term finance and have better control over their credit flow, a NITI Aayog official said. The states have no control over the long-term finance right now, but nobody is stopping them from recapitalising finance corporations which will allow them to on-lend at attractive rates to entrepreneurs, NITI Aayog Special Secretary Yaduvendra Mathur said. “States can’t just wait that...
More »RSS' labour wing opposes Bank merger, says govt hasn't learnt from earlier mistakes -Ramesh Babu
-Hindustan Times The Bharatiya Mazdoor Sangh (BMS) said it will support the agitation being planned by United Front of Banking Unions against the government’s decision to merge ten Banks. Thiruvananthapuram: The Bharatiya Mazdoor Sangh (BMS), labour wing of the RSS on Saturday criticised the Bank merger plan announced by Union Finance Minister Nirmala Sitharaman saying it was done without any study and it will only protect interests of corporate houses. “No serious...
More »What is behind the GDP growth falling to 5% -Radhika Merwin
-The Hindu Business Line Apart from slowdown in manufacturing and construction, the steep decline in consumption is a big cause for worry Even as the Centre’s big Bank mergers detracted the attention briefly from the much-awaited GDP growth numbers for the April-June quarter, the sharp slowdown drew the market’s attention back to the immediate issue at hand. The Central Statics Office (CSO) revealing that the real GDP growth in Q1 of the...
More »Assam NRC final list: Centre in no hurry for follow-up -Vijaita Singh
-The Hindu Official says sending a large number of people to detention centres is not a ‘practical’ option New Delhi: The Centre is not in a rush to take any decision after the final National Register of Citizens (NRC) in Assam was published on Saturday as the political leadership decides the next course of action. A senior government official said there were several options available, but sending a large number of people to...
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