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Growth is expected to recover to 5.4 per cent in 2021 as the rebound from a low base is offset by muted private investment growth given financial sector weaknesses.
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India had overtaken the UK in 2019 to become the fifth largest economy in the world but has been relegated to 6th spot in 2020
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The Chief Minister hailed that the firm attitude put forth by Narasimha Rao in internal security, external affairs and diplomacy had strengthened the country’s unity, integrity and sovereignty.
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The decline in the GDP narrowed to 7.5 per cent in the second quarter of this financial year, over 23.9 per cent in April-June quarter
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Arunima Sinha –Padma Shri awardee and first woman amputee to climb Mount Everest was the chief guest of the programme.
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Eight consecutive quarters of slowdown landed in the lockdown which resulted in a recession period, says Minister
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Jewellers are expecting a revival in retail sales this festive season as the yellow metal has always been an integral part to festivals in India
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An increase in rail freight collection, higher goods and services tax mop-up, rise in power demand and improved FDI inflows indicate that the economy was doing better, said Union Minister
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Ajay Bhushan Pandey said the generation of e-way bills, needed for transportation of goods, is back to pre-Covid levels and online payments have risen exponentially
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The fiscal support must tilt towards more direct spending and tax relief
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"Unless the government puts money in the hands of the bottom half of the families and puts food on the plates of the poor, the economy will not revive smartly," he added.
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Spain was hit hard by coronavirus in the first months of the pandemic, and brought in some of the strictest measures to tackle it - including banning children from going outside.
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Rising coronavirus caseloads across the globe have left investors cautious as governments impose restrictions to contain outbreaks.
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Kim -- along with other officials -- was also pictured unmasked watching a "Mass Games" propaganda display on Sunday, while spectators were seen wearing face coverings.
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"Just because the Prime Minister and the Finance Minister call these measures an economic stimulus does not mean the economy will obey and get stimulated."
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The loan will have to be spent entirely on new or ongoing capital projects, states can settle bills of contractors and suppliers but all the amount has to be paid before March 31, 2021.
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Increasing numbers of New Yorkers are buying cars as they avoid public transport because of the coronavirus pandemic
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The central bank had slashed the repo rate by 115 basis points since late March before hitting a pause button in August
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Shah urged people to join the mass awareness campaign launched by Modi and play a key role in making India free of this pandemic.
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Addressing the 115th AGM of PHD Chamber of Commerce and Industry, Principal Economic Advisor said there was space on the monetary and fiscal side to implement further stimulus