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Wednesday
May 2021
7:19 PM IST
News Headlines
Tour of Sri Lanka: Two-way fight for India captaincy between Hardik and Shikhar        India projected to grow at 10.1% in 2022 but outlook for 2021 highly fragile: UN        Rockets kill 2 Israelis; 28 die in Gaza as Israel hits Hamas        Delhi reports 12,481 Covid cases, 347 deaths        Kerala woman killed in Palestinian rocket strike in Israel        Kerala''s ''Iron Lady'' K R Gowri Amma no more        Virat Kohli, Ishant Sharma get first dose of vaccination        Sensex surges over 350 pts in early trade; Nifty tops 14,900        Israeli police, Palestinians clash at Jerusalem holy site        Had govt done its job, it would not have come to this: Rahul on foreign aid        Himanta Biswa Sarma sworn-in as 15th Chief Minister of Assam        Obesity and Bariatric Surgery        COVID-19 pandemic: Centre releases Rs 8923.8 cr to Panchayats in 25 states        BJP announces Dr Himanta Biswa Sarma as Assam Chief Minister        Debris from China''s disintegrating rocket falls into Indian Ocean        Kerala poet''s FB account ''suspended'' for posting satire clip on BJP poll defeat        TV journalist Vipin Chandh dies of COVID-19        Kerala adds 35,801 new COVID-19 cases, 68 more deaths        US Navy seizes weapons in Arabian Sea likely bound for Yemen        EU doesn''t renew order for AstraZeneca vaccine        
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Business News
FM urges industry to unleash animal spirits; make India fastest growing economy
 
New Delhi, Feb 20: Finance Minister Nirmala Sitharaman on Saturday exhorted India Inc to unleash animal spirits and bring in fresh investment to make India one of the fastest growing economies of the world.

Speaking to industry leaders at an All India Management Association (AIMA) event, she said the government has taken several steps including reduction in corporate tax rate to facilitate investment.

"I would like now, to see private investors and private industry in India coming forward with that, so called animal spirits to show that it is possible for India (to be) one of the fastest growing economies," she said.

The expression animal spirits' was coined by celebrated economist John Maynard Keynes to refer to investors' confidence in taking action in terms of investment.

"We need capacities to be ramped up, we need expansion, we need more production of very many such products, which are so required for the economy," she said.

Post tax reduction, she said, "I have been waiting to see expansion happening, I've been waiting to see greater investments from private sector in India."

To revive growth, the government in September 2019 slashed corporate tax rate by almost 10 percentage points.


India projected to grow at 10.1% in 2022 but outlook for 2021 highly fragile: UN
Sensex surges over 350 pts in early trade; Nifty tops 14,900
Rupee rises 18 paise to 73.60 against US dollar in early trade
Petrol at Rs 102-mark in Rajasthan, Madhya Pradesh after 4th straight day of price hike
Petrol price hiked by 25 paise, diesel by 30 paise
Will try to keep soft interest rate regime as long as possible: SBI chief
S Premkumar is new Head of Canara Bank in Kerala, Lakshadweep
India''s GDP to grow at 11pc this fiscal; second wave of COVID a worry: ADB
Visakhapatnam: RINL-VSP supplied over 9k tonnes of Liquid Medical Oxygen to states so far
Banks transaction timings rescheduled due to Covid till May 15
Finance Minister speaks to industry leaders, says Centre working with States to manage Covid
Lithium-ion battery maker Lohum to invest up to Rs 250 cr in three years on capacity expansion
My Tirth India' provides services of 'online darshan'
Ashoka University launches YSP, pre-college summer programme, for high school students
Rupee down 32 paise against USD
US sanctions Chinese computer makers in widening tech fight
India has world''s 3rd highest no. of billionaires; Mukesh Ambani dethrones Jack Ma in Asia: Forbes
TRAI considers survey to asses if tariff plans meet customer needs
India's steel output reports marginal fall to over 19 MT in Jan-Feb 2021
CarGenix launches it's Mobile App and website
KERALA NEWS
Kerala woman killed in Palestinian rocket strike in Israel
 Idukki: A Keralite woman working in Israel was killed allegedly in a Palestinian rocket strike on Tu  
Kerala poet''s FB account ''suspended'' for posting satire clip on BJP poll defeat
TV journalist Vipin Chandh dies of COVID-19
Kerala adds 35,801 new COVID-19 cases, 68 more deaths
INTERNATIONAL NEWS
Rockets kill 2 Israelis; 28 die in Gaza as Israel hits Hamas
 Gaza City: A confrontation between Israel and Hamas sparked by weeks of tensions in contested Jerusa
Israeli police, Palestinians clash at Jerusalem holy site
Debris from China''s disintegrating rocket falls into Indian Ocean
US Navy seizes weapons in Arabian Sea likely bound for Yemen
NATIONAL NEWS
Delhi reports 12,481 Covid cases, 347 deaths
 New Delhi: The national capital continues to register a dip in daily COVID-19 cases, as the city rec
Had govt done its job, it would not have come to this: Rahul on foreign aid
BJP announces Dr Himanta Biswa Sarma as Assam Chief Minister
Mumbai civic body is suppressing COVID-19 death toll: Fadnavis
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