Only 33% of the revenue receipts came from the state’s own resources comprising taxes and non-taxes; central transfers brought in the remaining 67%; state improves vis-a-vis share of capital expenditure to total expenditure
According to the study, there is a likelihood of an increased transmission of the coronavirus during winter, which may be a major challenge for health workers and policymakers to enforce mitigation and control measures.
Published on Jul 19, 2020 05:04 PM IST
Bhubaneswar | By Press Trust of India| Posted by Susmita Pakrasi
PM Narendra Modi’s remarks come in the backdrop of data showing that the Indian economy grew at 3.1% in the last quarter, with growth rate for 2019-2020 slipping to 4.2%, the slowest in 11 years on the back of falling investment and consumption.
When you increase your SIP investment now, you will purchase a larger number of units at a lower price. This, effectively, will bring down your cost of acquiring units and increase your chances to gain more as markets start to pick up.
With this subdued forecast, India is likely to record its worst growth performance since the 1991 liberalisation. But the International Monetary Fund, in its latest edition of the World Economy report, has placed India as the fastest-growing emerging economies of the world.
Montek Ahluwalia’s telling of the UPA’s 10 years, in his book, Backstage: The story behind India’s high growth years, raises an intriguing question: Why, after achieving so much, as he convincingly argues, did it crash out in disgrace?
Union finance minister Nirmala Sitharaman presented the annual Budget 2020 in the Parliament on Saturday. She said that the budget was focused on three themes — aspirational India, economic development for all and caring society. The reduction in income tax rates remained the highlight of Sitharaman’s budget speech. In the new I-T regime, those earning between Rs 5 lakh and 7.5 lakh, will now pay 10% as personal income tax as against the prevailing 20%. Among other key measures the government said it would spend Rs 99,300 crore on skill development. She also announced reduction corporate taxes and vowed to make India a preferred investment destination. Follow live updates from the Union Budget 2020 here:
The government on Friday revised downwards the economic growth rate for 2018-19 to 6.1 per cent from 6.8 per cent estimated earlier mainly due to deceleration in mining, manufacturing and farm sectors.
Enterprises that use Artificial Intelligence to amplify human potential will lead, while those that don’t will lag. Today, business leaders are realizing that for AI to reach its full potential they must develop competency in new-age technologies to gain actionable insights.
According to the United Nations World Economic Situation and Prospects (WESP) 2020, a growth rate of 2.5 per cent is possible in 2020, but a flare up of trade tensions, financial turmoil, or an escalation of geopolitical tensions could derail a recovery.
Bajaj had alleged that investment had taken a beating in view of what he described as a vitiated atmosphere in the country over the past five years. That comment was described by many on social media and the Congress as an instance of speaking truth to power.
Many analysts have underlined that the BJP’s below-par performance in the Maharashtra and Haryana assembly elections reflected concern, among other factors, about the economy, which slumped to a growth rate of 6% in the three months to June 30, the slowest pace in over six years.
A member of Tajungia panchayat samiti, Ruda Mallik had filed a petition against Pradhan alleging that she had hidden the number of children she had to escape the provisions of the Act. Pradhan was elected as chairperson of the Daringibadi panchayat samiti in 2017.
Updated on Oct 02, 2019 01:43 AM IST
Hindustan Times, Bhubaneswar | By Debabrata Mohanty
While the Narendra Modi government has described the slowdown, which pushed economic growth down to an over six-year low of 5% in the quarter to June, as a cyclical process, the Opposition has blamed its economic policies for the downturn evidenced by high-frequency indicators such as auto sales.