Many economists have concluded that the additional spending boost is far less than the 10% of gross domestic product that the headline number suggests.
Economic package assumes people will go back to villages, and rural incomes need to be boosted. Modi govt seems to be trying to give them employment there.
Doubts over the fiscal stimulus package, extension of nationwide lockdown till 31 May & spike in Covid-19 cases weighed on investor sentiment, said traders.
In a series of press conferences over the past five days, Finance Minister Nirmala Sitharaman unveiled details of the Rs 20 lakh crore stimulus package announced by PM Modi last week.
The trade union said it strongly objected to announcements on the corporatisation & privatisation in 8 sectors and alleged the govt is shying away from consulting with trade unions.
The Southeast Asian theatre is central to the Great Power contest between the US and China. It’s also a landscape where middle powers—France, the UK, Turkey—are shaping the strategic environment.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
Capable of being fired in plain and high-altitude areas, it has day-and-night capability and two-way data link to support post-launch target, aim-point update.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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