economy

New Delhi: Finance Minister Nirmala Sitharaman today (October 13) addressed the media. She said the pandemic has affected economy. In...

S&P had earlier forecast India''s economic contraction at 5 per cent. It said the 23.9 per cent contraction in the April-June quarter was larger than expected.

FM Sitharaman said that lenders must extend support to borrowers as and when the moratorium on loan repayments is lifted, asking them to roll out resolution schemes by September 15, 2020.

He said that the Prime Minister needs the media and marketing to run the government. "This media management and marketing is done by 15-20 people," he said.

Congress leader also provided few suggestions to the government which includes "Government needs to: Spend more, not lend more. Give money to the poor, not tax cuts to industrialists. Restart economy by consumption."

The Prime Minister assured the Chinese investors that his government would give highest priority to provision of every possible facilitation to Chinese investors.

This Electric Vehicle Policy is the country's most progressive policy and we hope that 5 lakh new electric vehicles will be registered in the next five years, Said Kejriwal

"Accommodative stance of the monetary policy will continue as long as necessary to revive growth and mitigate the impact of COVID19 pandemic while ensuring that inflation remains within target going forward," said RBI Governor Shaktikanta Das.

Kejriwal had earlier said that there is an improvement in the COVID-19 situation in the national capital with the recovery rate standing at 88 per cent and only nine per cent of the total confirmed cases were still infected.

The project would entail private sector investment of about 30 thousand crore rupees. This is the first initiative of private investment for running Passenger Trains over Indian Railways network