During the Union Budget in February, the govt had announced to relax the fiscal deficit target for 2020-21 by 0.5% making it 3.5% of the GDP. The states have also demanded to relax their targets to 4-5% to make some room to deal with the pandemic. This would need to amend the FRBM Act. However, due to strained govt. resources there is no broad proposal to do the same.
Since the spread of COVID-19 pandemic in the which not only burdened the medical infrastructure of the country, it also affected the countries economic wellbeing. Amid this, the RBI conducted its third review of the [Read More]
Crude oil prices have fallen below $o due to the fall in demand. The fall in demand is because 4 billion people have gone into lockdown due to the pandemic. In the backdrop of this, [Read More]
The article here describes the life of the migrant labourers. The article rightfully studies the pattern of migration, gender inequality, social aspects and economic aspects of these people and gives us the a realistic data [Read More]
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