The Congress on Saturday alleged that Finance Minister Nirmala Sitharaman was 'clueless' in dealing with the economic slowdown and termed the latest steps announced by her to boost the economy as 'cosmetic' and 'piecemeal'.The party's attack came after Sitharaman announced an over Rs 70,000-crore package for export and real estate sectors, including setting up of a stressed asset fund, as the government continued with firefighting measures to pull the economy out of a six-year low growth rate.'I can only say that the finance minister is clueless as to how to deal with the gravity of the crisis,' Congress spokesperson Anand Sharma said at a press conference.After the earlier announcements of stimulus package, the situation deteriorated and the latest steps are not going to help, Sharma asserted. (PTI)
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The Congress on Saturday alleged that Finance Minister Nirmala Sitharaman was 'clueless' in dealing with the economic slowdown and termed the latest steps announced by her to boost the economy as 'cosmetic' and 'piecemeal'.The party's attack came after Sitharaman announced an over Rs 70,000-crore package for export and real estate sectors, including setting up of a stressed asset fund, as the government continued with firefighting measures to pull the economy out of a six-year low growth rate.'I can only say that the finance minister is clueless as to how to deal with the gravity of the crisis,' Congress spokesperson Anand Sharma said at a press conference.After the earlier announcements of stimulus package, the situation deteriorated and the latest steps are not going to help, Sharma asserted. (PTI)
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Jamal Mecklai, Founder & CEO of Mecklai Financial, says sovereign bond issue is an idea the government must not shelve. He says while money continues to flow into India, there is no real demand for dollar in the Indian market. In an interview with Saloni Goel of ETMarkets.com on the sidelines of the ETMarkets Global Summit, 2019, he said low investments are not on account of cost of money but rather due to worries over weak growth. Excerpts:-
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Double engine of Govt is doing double the corruption: Cong. 48hrs later authorities still clueless about massive sinkhole!
#Goa #Goanews #Sinkhole #Congress #Corruption #Road
Double engine of Govt is doing double the corruption: Cong. 48hrs later authorities still clueless
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Nitin Gadkari says that unfortunately, whatever the Finance Minister N Sitharaman said about the millennial mindset of using Olacabs & Uber was misinterpreted by the public
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Rafale row: ‘We deal in defence, no defence-dealing’, says Nirmala Sitharaman
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Union Minister Ravi Shankar Prasad on Saturday cited the earnings of three blockbuster movies to dismiss the economic slowdown. Addressing a press conference, Ravi Shankar Prasad said three movies collectively earned Rs 120 crore on October 2 and so, there's no economic slowdown at all.
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A report says, 50% of companies expect operational data to grow by 15% or more over next 12 months. At the same time, the layoff news is making tech workers across several industries feel skittish, especially those in e-commerce, real estate and businesses tied closely to the stock market, which saw a boom during Covid recovery in 2021 but massive volatility in today’s #economy.
We can’t deny the fact that there could be a 20-30% Productivity gain achieved through #digitalcollaboration. In line with global trends, growth in job openings at Big Tech companies like Facebook, Apple, Amazon, Microsoft, Netflix, Google has steadily slowed reflecting a larger economic slowdown. While most of the layoff news has come from tech companies, the mortgage industry, too, has been slashing away as higher interest rates crush mortgage volume.
Secondly, the continuing effects of Covid-19 around the world have dampened the outlook for the rest of the year. Venture capitalists are warning their portfolio companies to prepare for darker times, and some start-ups are laying people off or closing shops.
#MarkZuckerberg, CEO of Meta Platforms, has said the social media company will cut back on fresh hiring. Sundar Pichai, CEO of Alphabet, the parent of Google, said it will go slow on hiring for the rest of the year. Apple and Microsoft are following suit. Netflix has seen multiple rounds of layoffs after it reported a subscriber loss in Q1.
With the value of bitcoin, ethereum and other popular currencies dropping sharply, startups in the risky cryptocurrency space are at the forefront of layoffs. But the tech downturn is broad — the Nasdaq composite index has lost 30% of its value since January, it shows the biggest drop in the tech-heavy stock index.
Many technology startups that saw tremendous growth in 2020, particularly in the real estate, financial and delivery sectors, are beginning to see a slowdown in users,' An expert says. There
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ET explains how a combination of factors, including - a muted consumption demand, a shadow banking crisis, liquidity crunch and NBFC crisis, led to the slowdown in the Indian economy. Watch
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- आंकड़े तो आईना दिखला रहे हैं, लेकिन सरकार अपना चेहरा सुधारने की जगह कह रही है कि आईने पर धूल है। खैर अपना-अपना नजरिया है। सरकार के कारोबारी दोस्तों का सालाना मुनाफा बढ़ रहा है, तो उसे लग रहा है कि अर्थव्यवस्था ने जोर पकड़ लिया है। लेकिन घाटा केवल जनता को ही नहीं है, सरकारी खजाने में भी सेंध लगी है, क्या यह भी उसे नहीं दिख रहा..
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What is Wheat Beer? | व्हीट बीयर क्या है?
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एक Wine की बोतल की सेल्फ लाइफ क्या होती है? What is the shelf-life of a bottle of wine?
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