A day after the government released its inflation data, the party says the finance minister is busy tweeting pictures from the NASA's webb telescope rather than explaining to the country how she plans to rein in inflationary trends.
The Monetary Policy Committee (MPC) of India's central bank voted to maintain the repo rate, or short-term lending rate, for commercial banks at 4 per cent.
A rethink of our economic strategy is required. We should think small rather than big; the focus should be on incentivising employment-intensive small businesses which would benefit a larger number of people rather than promoting large-size automated, modern manufacturing facilities. With technical guidance and adequate capital, our vast army of unemployed engineers can set up small, specialised technical units which could provide gainful employment to many
An official spokesperson said Punjab's GST revenue receipts in September 2021 stood at Rs 1316.51 Crore against Rs 1055.24 Crore for the same period the previous year (September 2020).
US Treasury Secretary Janet Yellen also warned that a default on US debt would "likely precipitate a historic financial crisis" that would compound the damage of the continuing public health emergency.
The Monthly Economic Review for July, released by the Department of Economic Affairs (DEA), noted that the robust recovery in tax collections cushions the fiscal towards meeting the budgeted support to the economy.
The Budget, 2021-22 presented two days later implemented the counter cyclical fiscal policy by raising the target of fiscal deficit to 6.8 per cent of GDP.
In the same panel, Peter Altmaier, Federal Minister for Economic Affairs and Energy, Federal Ministry for Economic Affairs and Energy of Germany, said we need to rely more on open markets and multilateralism.
Petroleum and natural gas minister flagged off the despatch of high-octane premium petrol from the country's oldest refinery at Digboi in Assam to seven cities, including Kolkata.
The pandemic bought a human and an economic catastrophe for India, with nearly 1.5 lakh deaths. Though the deaths per million are significantly lower than in Europe and the US, the economic impact had been much more severe.
