According to extracts of his speech, the UK PM will compare his program to Roosevelt’s 'New Deal', which used govt spending to help US out of the Great Depression.
In the absence of a vaccine, the economic recovery will have to wait until next year, although that too is likely to be V-shaped, CEA Krishnamurthy Subramanian said.
Rising savings during the nationwide lockdown will help in curtailing India’s current account deficit and increase govt borrowing, according to HSBC Holdings Plc.
Speaking at the digital Off The Cuff, Gita Gopinath also said there was a lot of uncertainty around DGP forecasts, which are being revised based on ground realities. Read the full text here.
Ship of Theseus director Anand Gandhi moved to Goa to synthesise big ideas and build an Indian sci-fi mythiverse with MAYA. ‘In a way, the job title in the East for this enterprise is the Buddha.’
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
Excellent Boris Johnson, you are on the right track to revive your economy. Dear Indian Prime Minister Sir, kindly take a leaf from the diary of your British counterpart. Build, Build, Build must be the moto to rebuild the shattered India. I have been writing for quite some time on these lines. Unleash developmental activities through Govt projects. That will create massive employment. That will put a lot of money in the hands of people. That will create demand. That will incentivize production. That will result in expansion of economy. That will enhance the revenue collection. Balancing the book should not be repeat not be the taraka mantra. Borrow money. Increase the interest rates to 10% to 12% with a lock in period of 10 to 12 years. You will have enormous float which you can utilize for creating National wealth. Float a Gold Bind with 10 to 12 % interest, you can harness crores and crores of rupees which fill your coffer. Shed away your Gujarti mind set. Gove up your penchant for low interest regime. It has not worked out for the country. It will never work out in future. Monetize part of your deficit. Use that money for capital expenditure – not for revenue expenditure. You will turn round India just like Teddy Roosvelt did in 1930s. Please please, please. Regards akp
Excellent Boris Johnson, you are on the right track to revive your economy. Dear Indian Prime Minister Sir, kindly take a leaf from the diary of your British counterpart. Build, Build, Build must be the moto to rebuild the shattered India. I have been writing for quite some time on these lines. Unleash developmental activities through Govt projects. That will create massive employment. That will put a lot of money in the hands of people. That will create demand. That will incentivize production. That will result in expansion of economy. That will enhance the revenue collection. Balancing the book should not be repeat not be the taraka mantra. Borrow money. Increase the interest rates to 10% to 12% with a lock in period of 10 to 12 years. You will have enormous float which you can utilize for creating National wealth. Float a Gold Bind with 10 to 12 % interest, you can harness crores and crores of rupees which fill your coffer. Shed away your Gujarti mind set. Gove up your penchant for low interest regime. It has not worked out for the country. It will never work out in future. Monetize part of your deficit. Use that money for capital expenditure – not for revenue expenditure. You will turn round India just like Teddy Roosvelt did in 1930s. Please please, please. Regards akp