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.
‘Mother kept pouring water in our eyes whenever the burning became unbearable. She pushed our bodies deep into the blanket, making sure not a single part was exposed,’ my father said.
December oil imports from Russia may drop nearly 50%, but Indian buyers already shifting to non-designated Russian entities and opaque trading channels to keep Russian oil flowing.
The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
COMMENTS