Morgan Stanley reiterates China to see its worst economic performance in the current quarter, and the rest of the world, in the coming quarter
A Moody’s Analytics weekly business confidence survey shows that expectations of both current and future conditions have deteriorated to their lowest level since the global recession in 2009.
Manmohan Singh also blamed the central govt of being incapable to control North East Delhi clashes that occurred on Feb 24-25
Of the top 20 products that India imports from the world, China has a significant share on most of them
Lalremsiami, who made her international debut in 2018, was part of the team’s success at the Hockey Series Finals in Hiroshima in 2019.
The rating agency also said Indian banks were not willing to lend and lower their lending rates despite rate cuts by the RBI.
India’s growth was at 6.8 per cent in 2018-19 and dropped to 5 per cent in 2019-20. It is expected to “strongly rebound” to 6-6.5 per cent in 2020-21 the Economic Survey tabled in Parliament on January 31 said.
CM N Biren Singh is also the Finance Minister-in-charge, he informed that the total receipts for 2020-21 are estimated at Rs 20,146 crore.
India tops the charts in the optimism level rankings with a score of 121, while the global average was found to be 100.
The Index of Industrial Production (IIP) showed industrial output at pan-India level dipping by 0.3 percentage points in December, as compared to the previous month.
In addition to this, the government plans to increase the investment limit of foreign portfolio investors (FPI) in corporate bonds from 9 per cent to 15 per cent.
It had opened at 40,753.18 and has so far touched an intra-day high of 40,905.78 and a low of 40,015.37 points.
The Finance Minister also said that a policy will be set up to build data centre parks throughout the country.
FM says that the tax proposals would bring ease of compliance and reduce litigation. Nirmala Sitharaman says a new personal income tax regime would be reduced who forego deductions and exemptions.
Beginning on a cautious note, the Indian market entered the Budget day with both Sensex and Nifty 50 breaking below crucial support levels on the day when the Finance Minister tabled the Economic Survey 2020.
The World Bank, in its January 2020 release of the World Economic Prospects and the IMF in its World Economic Outlook Update January 2020 projected India’s real GDP growth at 5.8 percent for FY21.
The survey noted that financing of NIP will be a challenge, however, a bouquet of well-prepared projects will attract investments from central and state governments
Power shortages, inadequate transport, and poor connectivity affect overall growth performance. Since the provision of adequate infrastructure is essential for inclusive growth, India recently launched the National Infrastructure Pipeline (NIP) for the period FY 2020-2025.
Finance Minister Nirmala Sitharaman tabled the Economic Survey for financial year 2019-20 in Parliament on Friday, January 31.
