Tag: slowdown

Facebook is rolling out a new feature that will allow users to transfer pictures, videos, and other media to their Google Photos accounts with...

Mumbai: The Reserve Bank of India has cancelled the banking licence of CKP Co-operative Bank, as its financial position has become unsustainable. Accordingly, the RBI...

The death toll due to COVID-19 rose to 775 and the number of cases climbed to 24,506 in the country on Saturday, according to...

With the slowdown in gross domestic product (GDP), Prime Minister Narendra Modi-led government may find it difficult to achieve the target of five trillion dollar economy. In fact, there are also signs of poor investment in GDP figures, while investment is considered important to increase the size of the economy. At the same time, experts also expressed apprehensions that the economy will not get the benefit of the policy relief given by the government.

Finance Minister Nirmala Sitharaman on Wednesday while replying to a debate in the Rajya Sabha said that there is no recession in the economy. However, she admitted that there is slowdown, due to which the growth rate has come down. Citing the first tenure of UPA-2 (2009-2014) and NDA (2014-2019), inflation rate was low in the first term of the Modi government and the growth rate was moving very fast.

The private sector is facing tremendous recession these days. The impact of the economic slowdown on many multinational companies is clearly visible. Reliance Communications (RCom), one of the country's leading companies, is also not untouched by this. Debt-ridden Reliance Communications (RCom) has a consolidated loss of around Rs 30,142 crore in the July-September quarter. In view of the decision on the statutory arrears by the Supreme Court, the company's losses have reached such a high level due to the provision for liabilities.

The Reserve Bank of India has the monopoly to print notes in India. The Reserve Bank of India prints all notes except one rupee notes across the country. The Ministry of Finance has the right to print one rupee notes and make all types of coins. While it is to be noted, the Reserve Bank of India only has the right to supply currency (both notes and coins) throughout the country.

On 20th September, 2019, around 1500 farmers marched towards Delhi from Saharanpur in Western Uttar Pradesh. Among their demands are that their unpaid sugarcane...

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.