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Monday
July 2020
11:11 AM IST
News Headlines
Former India cricketer Chetan Chauhan tests positive for COVID-19        West Indies beats England as international cricket returns        Rahul again targets Modi for Eastern Ladakh face-off with China        Aishwarya, daughter Aaradhya test positive for coronavirus        More cities to come under lockdown as India''s COVID tally surges to nearly 8.5 lakh        Pope Francis saddened by Turkey''s move to convert Hagia Shophia into mosque        Russia''s Sechenov University completes trials of Coronavirus vaccine        Trump wears mask on camera for first time as he visits military hospital        Kerala has become ''hub'' of smuggling gold, alleges Chennithala        Kerala reports 435 new COVID-19 cases, tally rises to 7,873        2 key accused in gold smuggling case remanded to judicial custody        488 cases in Kerala, Infection tally touches 7438; 2 deaths        Gold smuggling case: Swapna, Sandeep taken into custody by NIA        Amitabh Bachchan tests COVID-19 positive, hospitalised        Hardik Patel appointed working president of Gujarat Congress        TN records 3,965 new COVID-19 cases,69 deaths        Why is Modi scared of disclosing names of those who donated to PM Cares, asks Rahul        Trump commutes friend Roger Stone''s sentence        Ruling People''s Action Party reelected in Singapore        5 killed in hostage situation at church in South Africa        
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Business News
Current economic slowdown episodic, says N K Singh
 
New Delhi: Finance Commission Chairman N K Singh on Friday said the current economic slowdown is episodic and expressed hope that sluggishness will not continue for long.

India's economic growth hit a six-year low of 5 per cent in the first quarter of the current fiscal. It is estimated that the growth may further slip to below 5 per cent in the second quarter and overall the economy is likely to register a less than 5 per cent expansion for the full fiscal.

"I do not regard that the current economic sluggishness is something that the country is going to experience for too long. I remain optimistic that the current slowdown is as much as anecdotal, episodic as much as cyclical and structural," he said at an event here.

Singh, however, stressed that India should continue with both structural and cyclical reforms.

On Regional Comprehensive Economic Partnership (RCEP), he said global economic structure is changing, but India is not at a disadvantage.

It is inherent that India was better off in a multilateral world than in a bilateral world, he said, adding that the country should continue to strengthen multilateral activity, but should also keep its own interests in mind.

Earlier this month, India decided not to join the mega Regional Comprehensive Economic Partnership (RCEP) deal as negotiations failed to address New Delhi's concerns.

Pointing out that India improved overall budgetary resources to the health sector, he said there is scope for further improvement especially on the financing side.

The finance commission had constituted a group to study the health sector to holistically examine best international practices for the health sector and seek to benchmark framework to these practices for optimising benefits keeping in mind local issues.

The panel is also evaluating the existing regulatory framework in the Health sector and examine its strength and weaknesses for enabling a balanced yet faster expansion of the health sector keeping in view India's Demographic profile.


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ICICI Bank to raise up to Rs 15,000 crore to bolster capital base
Gold jumps Rs 102, silver declines Rs 249
Finmin may review capital requirement of PSU banks after second quarter
I-T dept amends TDS form, makes it more comprehensive
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India's trade deficit with China reduces to USD 48.66 bn in FY20
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No plans to sell non-core assets during this fiscal: PNB Chief
Petrol price up 25 paise, diesel 21 paise; rates hiked by Rs 9.12, Rs 11.01 in 3 weeks
SBI sanctions loans to over 4 lakh MSMEs under credit guarantee scheme
Money in Swiss banks: India at 77th place, accounts for just 0.06% of all foreign funds
Asian shares advance, tracking Wall Street tech rally
KERALA NEWS
Kerala has become ''hub'' of smuggling gold, alleges Chennithala
 Kochi: Sharpening his attack against the CPI(M)-led LDF government over the sensational gold smuggli  
Kerala reports 435 new COVID-19 cases, tally rises to 7,873
488 cases in Kerala, Infection tally touches 7438; 2 deaths
Youth outfits of parties clash with police, demand CM''s resignation
INTERNATIONAL NEWS
Pope Francis saddened by Turkey''s move to convert Hagia Shophia into mosque
 Moscow: Pope Francis said on Sunday that he was disappointed by Turkey''s decision to convert the Ha
Russia''s Sechenov University completes trials of Coronavirus vaccine
Trump wears mask on camera for first time as he visits military hospital
Trump commutes friend Roger Stone''s sentence
NATIONAL NEWS
Rahul again targets Modi for Eastern Ladakh face-off with China
 New Delhi: Targetting Prime Minister Narendra Modi, former Congress president Rahul Gandhi on Sunday
Aishwarya, daughter Aaradhya test positive for coronavirus
More cities to come under lockdown as India''s COVID tally surges to nearly 8.5 lakh
Amitabh Bachchan tests COVID-19 positive, hospitalised
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