-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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Reality check: on govt projecting slower GDP Growth
-The Hindu Misplaced optimism needs to cede ground to tangible policy interventions The government’s advance estimates for economic output and growth for the fiscal year ending in March may raise eyebrows, but only for the wrong reasons. The National Statistical Office (NSO) has estimated that Gross Domestic Product (GDP) will expand by 5% in the 12-month period, in line with the Reserve Bank of India’s sharp downward revision last month in its...
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 »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 »It's official: GDP rate seen slumping to 5% -Aanchal Magazine
-The Indian Express Manufacturing growth is seen slowing to 2.0 per cent in 2019-20 from 6.9 per cent last year, while construction is expected to post a growth of 3.2 per cent in 2019-20 from 8.7 per cent last year. WITH A sharp slowdown in manufacturing and construction, and the only major support coming from government expenditure, the Gross Domestic Product (GDP) growth rate is seen slumping to 5.0 per cent, the...
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