India’s economic growth dropped to a six-and-a-half-year low of 5% in the April-June quarter of 2019-20 due to a sharp deceleration in the manufacturing sector and sluggish agriculture output, according to official data released on 30th August 2019. The previous low was recorded at 4.9% in April-June 2012-13. The economic growth was 8% in the same quarter of 2018-19. The Reserve Bank had marginally lowered the GDP growth projection for 2019-20 to 6.9% from 7% earlier in the June policy and underlined the need for addressing growth concerns by boosting aggregate demand.
“Real GDP growth for 2019-20 is revised downwards from 7% in the June policy to 6.9% - in the range of 5.8 to 6.6% for first half of 2019-20 and 7.3 to 7.5% for the second half - with risks somewhat tilted to the downside,” RBI had said in the monetary policy statement. Meanwhile, China’s economic growth was 6.2% in April-June quarter of 2019, which was the weakest expansion in 27 years. This is also the first time since then that India has recorded two consecutive quarters of sub 6% growth.
The Gross Value Added (GVA) growth in the manufacturing sector tumbled to 0.6% in the first quarter of this fiscal from 12.1% expansion a year ago. Similarly, farm sector GVA growth remained subdued at 2% as compared to 5.1% in the corresponding period of the previous fiscal. Construction sector GVA growth too slowed to 5.7% from 9.6% earlier. However, mining sector growth climbed to 2.7% from 0.4% a year ago.
On the same day as the CSO report, the Finance Ministry announced the move of consolidating 10 public sector banks into 4, indicating its resolve to address the slowdown in GDP growth.
ãã®èšäºã¯ FLAIR TALK ã® October 2019 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã ?  ãµã€ã³ã€ã³
ãã®èšäºã¯ FLAIR TALK ã® October 2019 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã? ãµã€ã³ã€ã³
How To Become A Corporate Lawyer After Graduation?
Today, with the increase in viewership of myriad web series, most of the law students have certainly binge-watched the shows like Boston Legal and/or Suits, and secretly intend to become Mike Ross, Harvey Spectre or Allen Shore of tomorrow. But first, it is imperative to know how to become a corporate lawyer, before trying to convert the day dreaming into a reality.
Rape Case Can't Be Quashed When Victim Has A Case That âSettlement' Was Made Under Threat and Coercion: SC
The Supreme Court of India, on 25th October 2019, in Miss XYZ v. State of Gujarat and another, Criminal Appeal No.1619 of 2019, set aside a Gujarat High Court order which had quashed a rape case by recording âsettlementâ between the accused and the victim.
PMC Bank Fiasco
Questioning Efficacy of Regulatory Measures to Prevent Collusion Between Banks and Corporates for Fraudulent Disbursal of Loans
NCRB Report And Its Conceptual Flaws
Crime is an ever-existent feature of society.
Medical Report Or Education Certificate
Age Determination of âChildrenâ Under Juvenile Justice System
Demystifying The Concept Of Angel Tax In India
Mythologically, Angel refers to messengers of God who help the humans in distress and are supposed to be poster face of peace and humanity in the world.
Consequences of Strict Amendment to Statutes
The Constitution is the supreme law of the land.
Motor Vehicles Amendment Act, 2019
Curb on Children Riding Vehicles
SECTION 375
Marzi Ya Zabardasti?
National Register of Citizens
A Frankenstein Monster