Govt considering another 'booster dose' to revive ailing economy : Bulletin: Business Today
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Govt considering another 'booster dose' to revive ailing economy

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September 18, 2019

UP misses PM-Kisan Scheme targets; not a single farmer has received 3rd instalment yet

The government has not paid the third instalment of Rs 2,000 to even a single farmer in Uttar Pradesh (UP) under the Pradhan Mantri Kisan Samman Nidhi Scheme (PM-KISAN Scheme). Moreover, more than 30 per cent of the total beneficiaries have also not yet received the second instalment in spite of Yogi Adityanath-led government's claims of being the best state in terms of money transfers to the farmers under Prime Minister Narendra Modi's flagship scheme. The second instalment under the PM- KISAN Scheme was supposed to be transferred to the farmers between April-July


Govt considering another 'booster dose' to revive ailing economy

The finance ministry is working on one more booster dose to give a leg-up to the economy that has hit over six-year low of 5 per cent, a senior finance ministry official said.The blue print for the stimulus is ready that would be announced by Finance Minister Nirmala Sitharaman in the next few days. The government announced a slew of measures in three dosages which include a special window for real estate, export incentives, bank consolidation and sops for micro, small and medium enterprises (MSMEs) and the automobile sector.


Trade deal with China either before or after the US presidential election: Donald Trump

President Donald Trump has said that there may be a trade deal with China either before the US elections or after the presidential polls, asserting that deal struck after the polls would be the "greatest" deal ever. The US and China have been locked in an escalating trade spat since early 2018, raising import tariffs on each other's goods.


Indian cos need to follow global standards of governance, says Kumar Mangalam Birla

Indian corporates need to hold themselves accountable to global standards of governance if India wishes to re-shape the global economic order, Aditya Birla Group Chairman Kumar Mangalam Birla said on Tuesday. Birla said that with changing times the core business philosophy is rapidly moving away from shareholder capitalism to stake holder capitalism which includes investors, customers, employees and value chain partners.


Petrol, diesel prices unlikely to stay higher over the long-term, say analysts

The petrol and diesel prices in the country may witness a spurt in the coming days as a fallout of drone attacks on the world's largest refiner Aramco's Abqaiq plant and Khurais oil fields in Saudi Arabia. However, the oil prices are unlikely to remain at high levels over the long-term, say analysts, unless the ongoing geopolitical situations in the Middle East worsen in the coming weeks.


PM Modi meets mother Heeraben in Gandhinagar on his 69th birthday

Prime Minister Narendra Modi on Tuesday met his mother Heeraben in Gandhinagar on the occasion of his 69th birthday. Earlier in the day, Modi, who arrived in Gujarat late on Monday, inaugurated the Namami Devi Narmade Mahotsav, celebrating the overflowing of the Sardar Sarovar dam.

 
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