-The Indian Express Fixing the economy today cannot happen through consumption; revival in investment is what's desperately needed. New Delhi: Investment, unlike consumption, satisfies no immediate want. The businessman putting his money today is basically taking a bet on the future, when it would start yielding returns. Such bets are a function of the “state of confidence” at the time of investment. The investor has to be reasonably, if not absolutely,...
More »SEARCH RESULT
Total Matching Records found : 13733
Need to eliminate distrust within private sector, 'extraordinary' steps needed: NITI Aayog on slowdown
-The Indian Express Explaining the origins of the present economic situation, the Niti Aayog vice-chairman said: "The entire episode started with indiscriminate lending during 2009-14 leading rise in non-performing assets (NPAs) post-2014." The Centre’s policy think tank Niti Aayog stated Thursday that the prevalent slowdown in the country’s economy is due to the distrust amongst the private sector where the credit situation is stagnant. “Nobody is trusting anybody else… within the...
More »Niti Aayog chief rings the alarm bell, calls for unprecedented steps
-The Indian Express While blaming a large part of the problem on the high credit growth between 2004 and 2011, when it grew 27 per cent and resulted in a build-up of NPAs, he said it takes a lot for the government which has inherited all the 'systems and inertia'. New Delhi: Taking cognizance of the bad liquidity situation in the financial sector and weak private investment in the economy, Rajiv...
More »All the major announcements made by Nirmala Sitharaman to boost economic growth
-The Hindu Nirmala Sitharaman said that India’s GDP continues to grow at a faster pace than the global economy and any other major economy. Union Finance Minister Nirmala Sitharaman announced a slew of measures on August 23 to prop up the slowing economy. Addressing a press conference, Ms. Sitharaman sought to dispel doubts over the economy and the government’s growth agenda. Announcing that the global GDP growth may be revised downwards from the...
More »Aadhaar may be used to verify SECC beneficiaries -Yogima Sharma
-The Economic Times NEW DELHI: The government proposes to use Aadhaar to identify beneficiaries under the Socio Economic and Caste Census to weed out frauds and duplication. The rural development ministry will soon launch the exercise to use the 12-digit unique identity number to assess the socio economic status of all the beneficiaries under the second Socio Economic Caste Census (SECC), which is due in 2021. A senior government official told ET on...
More »
