BJP leader and Rajya Sabha MP Subramanian Swamy said on Thursday 23rd July 2020 that “India's growth rate may plunge to -6% to -9% during the current financial year due to COVID-19 pandemic and may bounce back next fiscal if correct policies were worked out.” He also said that "Economy has collapsed in the last 4 to 5 years. What has happened is that the COVID-19 pandemic has … [Read more...]
Former RBI Governor Subbarao: Centre’s financial stimulus not sufficient; fiscal deficit may go as much to 14%
Maintaining that the mixed fiscal deficit of the Centre and states may go up to 13% to 14% this fiscal, On Sunday former RBI Governor Duvvuri Subbarao introduce the economic stimulus announced by the Centre on March 26 on account of lockdown to include the spread of COVID-19, is "not sufficient". Speaking at a webinar titled "The Challenge of the Corona Crisis – Economic … [Read more...]
Relief funds by the Government to their countries
The COVID-19 is choking the world economy. There are currently more than 1,099,000 confirmed cases and death cases are more than 5,9000 around worldwide due to the corona-virus outbreak. And still, governments are trying to take all necessary steps to kill the pandemic from the COVID-19 and governments are taking all essentials financial steps to protect their citizens and … [Read more...]