The recovery will come due to a combination of fiscal stimulus and financial sector reforms, says the UN report. South Asia’s growth is also expected to rebound.
In hard-hitting column in The Hindu, former PM Manmohan Singh says 'palpable climate of fear' is stifling economic growth & could end up causing stagflation.
The drop in sales is indicative of the economic slowdown becoming more entrenched, and will add pressure on policymakers to ease fiscal & monetary policy.
PM insists it will be a non-populist Budget; experts also feel this govt has shown willingness to buck past trends and concentrate on fiscal deficit targets.
The last time this matter flared up was when Delhi Chief Minister Rekha Gupta, in a very similar directive in April, called for the relocation of stray dogs in the capital.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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