Economic Survey captures India's fight against COVID-19: PM : Bulletin: Business Today
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Economic Survey captures India's fight against COVID-19: PM

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Rashi Bisaria | January 30, 2021

Eight core industries' output shrinks 1.3% in Dec 2020

The output of eight core infrastructure sectors contracted for the third month in a row by 1.3 per cent in December, dragged down by poor show by crude oil, natural gas, refinery products, fertiliser, steel and cement sectors. The core sectors had expanded by 3.1 per cent in December 2019, according to the provisional data released by the Commerce and Industry Ministry on Friday. Barring coal and electricity, all sectors recorded negative growth in December 2020.

'Economic Survey captures India's fight against COVID-19, strong economy fundamentals': PM Modi

Prime Minister Narendra Modi on Friday said that the Economic Survey 2020-21, presented by Finance Minister Nirmala Sitharaman in the Parliament today, captures India's fight against COVID-19 and the nation's strong economy fundamentals. In a social media post, PM Modi said the survey emphasises on the huge potential for economic growth, the importance of further scaling up innovation and the way ahead in key areas like health.

Infra revival key to bring economy back to pre-COVID levels, says Economic Survey 2020-21

Giving indications that the government will focus on infrastructure revival in Budget 2021 to drive the economy back to pre-COVID levels, the Economic Survey 2021 said that the Rs 111 lakh crore National Infrastructure Pipeline (NIP) projects will hold the key to rapid and inclusive economic growth.

Bitcoin jumps 14% after Elon Musk tags cryptocurrency in Twitter bio

Bitcoin jumped as much as 14% on Friday to a two-week high after Tesla Inc chief Elon Musk tagged the cryptocurrency in his Twitter biography. Musk wrote simply "#bitcoin" in his biography on the social media site. The world's biggest cryptocurrency was up 10.2% at $36,901 as of 1005 GMT. The billionaire entrepreneur, followed by 43.8 million users on Twitter, has a record of making market-moving comments on the site.

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