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The government must address societal disquiet for the economic recovery to be equitable
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On Monday, the Sensex had risen by 749.85 points or 1.53 per cent; and the Nifty had gained 232.40 points or 1.60 per cent.
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On Friday, the BSE Sensex had crashed 1,939.32 points or 3.80 per cent to end at 49,099.99 – its worst one-day fall since May 4 last year.
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Foreign portfolio investors (FPI) invested a net Rs 25,787 crore into equities but pulled out Rs 2,124 crore from the bonds market during February 1-26, the depositories data showed.
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On Saturday, TRS working president and Minister KT Rama Rao took potshots at the Centre which was feigning ignorance to the rising prices of gas, diesel and petrol
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Assam, once known for agitation and violence, is marching forward on the path of development under the leadership of the prime minister, Sonowal and Sarma, he said.
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In a letter to Modi, she said the truth is that as GDP "nosedives", the prices of gas, diesel and petrol continue to rise unchecked.
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Stating that India needs many things to be right for its recovery to continue, S&P said the country needs to quickly and thoroughly vaccinate most of its 1.4 billion people
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The economy expanded 1 per cent in the fourth quarter, a second consecutive quarter of growth.
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The minister said the government announced a special economic and comprehensive package under AatmaNirbhar Bharat including measures taken by RBI
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RBI Governor Shaktikanta Das said the growth outlook has improved significantly and the vaccination drive will help the economic rebound.
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But the brawny spending programme also entails higher-than-expected general government deficits -- at more than 14 per cent of GDP this fiscal year and 11.6 per cent in fiscal 2022.
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The government's prioritisation of fiscal support for the population's health and well-being, and ongoing economic recovery are understandable.
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While it is desirable to be optimistic about growth, the Survey must have openly acknowledged the problem areas
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Amid exceptional uncertainty, the global economy is projected to grow 5.5 per cent in 2021 and 4.2 per cent in 2022.
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The World Economic Situation and Prospects 2021 said that by mid-2020, unemployment rates had escalated to a record high 23 per cent.
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The economy contracted by a massive 23.9 per cent in the first quarter and 7.5 per cent in the second quarter on account of the COVID-19 pandemic.
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This will help the economy end the current year ending March with a 7.5% contraction, which is 1 full 100 bps more optimistic than the consensus forecast and and even lower than the latest government forecast of 7.7%
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The offerings would come with the trusted support from Airtel that ensures high customer satisfaction through industry leading service uptime.
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This would be a 100 per cent jump from the Budget estimate of 3.5 per cent of GDP pegged for the current fiscal