Economy
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Indian services depict activity growth first time in eight months
India’s dominant services industry has demonstrated a surge in economic activities for the first time in eight months in the month of October as the market demands showed an upwards trend.
IMF Chief Economist Gita Gopinath calls for more fiscal push
Gita Gopinath, Chief Economist of the International Monetary Fund (IMF) has urged policymakers around the world to provide fiscal stimulus to boost a relatively faster recovery from the ghastly repercussions inflicted by the pandemic, as the world economy stares at a liquidity trap.
India expected to rebound with 8.8 % growth in 2021 but to remain shrunk at 10.3% this year: IMF projections
The U.S. economy is expected to be -4.3 % in 2020 and grow by 3.1% in 2021. The Euro areas are -8.3% and 5.2% and dor China, they are 1.9% and 8.2% respectively.
PM Modi has visited 58 countries, spending Rs 517.82 crores in total : Ministry of External Affairs
According to the Ministry of External Affairs, Prime Minister Narendra Damodardas Modi has visited 58 countries since 2015. Even though he has spent Rs 517.82 crore in total during his journey.
Government debt has exceeded Rs 100 lakh crore for the first time
91.1% accounted for public debt out of total outstanding liabilities at the end of June.
United Kingdom: Retail sales rise for fourth consecutive month in August
The volume of retail sales in Great Britain rose 0.8% in the month of August compared with the previous month, data from the Office for National Statistics showed.
Govt will supply ₹ 20,000 crore in state-controlled banks seeking Parliament’s approval
The government sought parliament approval for a total additional spending of ₹ 1.67 lakh crore ($22.8 billion) for the current fiscal year.
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