Prime Minister Narendra Modi on August 15 comprehensively reviewed the state of the economy with Finance Minister Nirmala Sitharaman as his government scrambled for solutions to tackle a fast-spreading slowdown in various sectors, which is eroding wealth and causing job losses. Mr. Modi, after delivering his sixth straight address to the nation on the 73rd […]
The Finance Ministry is scheduled to make a detailed presentation to the Prime Minister later in the day on the state of economy and several initiatives that it plans to undertake to stimulate Indian economy Source: thehindu.com Related
The story so far: The Reserve Bank of India (RBI) lowered the repo rate to 5.75% in the Monetary Policy Review in June. This was a level last seen nine years ago. Despite three rate cuts aggregating to 75 basis points in this cycle beginning February, economic growth has failed to pick up and, in […]
