The 2020 recession generated the highest inflation since the 1970s. However, the 2020 recession was the shortest. Furthermore, the recovery was the fastest since the 19080s. As the economy reopens amid disruptions caused by the pandemic, the next phase of the economy could slow down unexpectedly. What are the three reasons that could slow down
India’s growth trajectory will remain highest among the leading economies in 2022-23 supported by various dynamic reforms undertaken by the government during the last two years, said Mr. Pradeep Multani, President, PHD Chamber of Commerce and Industry in a press statement issued here today. India is expected to attract a US $ 100 billion FDI
The South Asian Island nation, Sri Lanka is facing the challenge of the worst economic recession in history. Sri Lanka’s economy has collapsed. The facilities of the citizens are also being closed. Sri Lanka is going through a difficult time in the midst of political and administrative crises. The collapse of the tourism industry, the
The two ways India can help Sri Lanka are through plantation and tourism: Sri Lanka’s primary source of income. However, the Indian economy is a target of the rising Russia-Ukraine crisis, the removal of PM Imran Khan, and border troubles with China. Furthermore, the demonetization in 2016 slowed down India’s economic growth. Nevertheless, while solutions
On late Tuesday night, Sri Lankan President Rajapaksa revoked the state of emergency. The announcement was made via gazette notification no 2274/10. Sri Lankan President Rajapaksa announced a state of emergency on April 1 to curb mass-scale protests. The protests are in light of Sri Lanka’s current economic and political distress. Furthermore, the UN human
The monthly SIP of tax Saving Mutual Fund increases from ₹10,000 to ₹14.55 lakhs over seven years. Presently, Equity Linked Savings Scheme (ELSS) is known as one of the finest investment tools. Moreover, ELSS helps an investor synchronize with the markets and enables them to cut down the income tax. Section 80C of the Income-tax
Thanking the Indian government for cooperating in rescuing Bangladeshi nationals from Ukraine during the war, Prime Minister Sheikh Hasina said the two countries would always stand by each other. It is absolutely true. As friendly neighbouring country, India was, is and will be stand with Bangladesh. India and Bangladesh are eternal friends. India should stand
One of the most refined SFB increased a 7.5% RD interest rate over 2-year recurring deposits. Moreover, this SFB has provided an extra .5% RD interest rate for senior citizens. Perhaps, their decision to increase the RD interest rates might help lower the inflation rate. After all, the small saving schemes are nowhere close to
India’s economic K-shaped recovery from Covid is likely to persist. Large numbers of Indian homes not under SC/ST/OBC earn less than the EWS income cap. India’s section of society belonging to the unreserved category with an annual family income of less than 8 lakh rupees falls under EWS. On Jan 14, 2019, amending the constitution
In February, a 1% increase in household spending means the increase was for 54% of families across urban and rural India. According to findings released on Tuesday of a monthly CSI survey by Axis My India, fewer families increased spending on discretionary items in February. Pocket-sized increase in overall household spending A pocket-sized consumption increased
