Tag: Indian Economy

The Modi government after trying all juggles has decided an initiate a privatization program. Under this program, the government will sell its entire stake in the second-largest state refiner- Bharat Petroleum Corp and the largest shipping company, Shipping Corp. of India Ltd. It has also declared to sell control on 30.8% shareholding in Container Corp which has almost monopoly on railway freight. Along with them, Air India will also be put on sale and the government would pay for the airline’s hefty debt to make a sale attractive. 

Joining RCEP would have open doors to India's exporters to make their mark globally that dominate international productions fulfilling India’s long-stated ambition of becoming a global manufacturing unit.

Finance Minister Nirmala Sitharaman has said that foreign investors will not find a country that loves democracy like India and respects the capitalists. Addressing the session held on Wednesday at the headquarters of the International Monetary Fund (IMF), Sitharaman said that the government is constantly improving to boost investment. India is still the fastest growing economy in the world. We have the best skilled manpower.

Finance Minister Nirmala Sitharaman said during a lecture at Columbia University on Wednesday that the tenure of former Prime Minister Manmohan Singh and former RBI Governor Raghuram Rajan was the worst period for public sector banks. During his time loans were given on the phone of close leaders. PSU banks are still dependent on capital from the government to get out of that morass. Sitharaman said that now it is his priority to help all public sector banks.

In this financial year, after the continued decline in several sectors in the recent quarters, the World Bank has also estimated the growth rate of the Indian economy below 6 percent. India's growth rate in 2018-19 was 6.9%.

Union Law Minister Ravi Shankar Prasad has given clarification about the statement of films earning Rs 120 crores in a day. He said that I withdraw my statement. Prasad said, 'My entire video of media interaction is on social media. Nevertheless I regret to note that a part of my statement was misquoted. As a sensitive citizen, I withdraw my statement.

Ravi Shankar Prasad said that had there been a recession in the country, the three films released on October 2 would not have earned Rs 120 crore. The films have earned so much only because the economy is healthy. He said, I love films. Movies are doing big business.

Raghuram Rajan said that Narender Modi is acting like a dictator, a kind of new age hitler or tughlaq, he do not listen to anyone, do not take any feedback or suggestions from his cabinet ministers and even don't consider any feedback of civil servants like IAS & IPS officers, He believes in taking decisions single handedly holding absolute powers in his hands and this is the reason, why most of his decisions has come out as a threat to the peace and prosperity in the country.

The Indian government has added a new business category to the list of options for start-ups. It is the commercialization of cow products like...