Month: August 2020

Pranab as FM: Remembering how he managed controversies, even created some

Only 5 finance ministers of India have experienced the privilege of keeping that prized portfolio twice in their job in various stints. Pranab Mukherjee was just one of them. But there was a significant change.

The gap in between the two tenures of all other finance ministers – T T Krishnamachari, Morarji Desai, Yashwant Sinha and P Chidambaram – ranged in between 4 a long time and seven a long time.

For Pranab Mukherjee, the gap was 25 a long time. That prolonged gap is testimony as much to his longevity and utility as a politician as to his means to endure below various Congress regimes.

Indira Gandhi was the prime minister when Mukherjee first grew to become the finance minister in 1982, a tenure that lasted till the conclusion of 1984, coinciding with the tragic assassination of Gandhi a pair of months prior to on October 31 that year.

Read More

What to expect from Q1 GDP data today? Here’s what key indicators suggest

Months after the coronavirus induced lockdown and the adhere to up unlock, GDP details probable to be unveiled later on currently will paint the extent of damage to the economic system and give an idea of the critical study course correction required. Substantial labour migration, career losses, and poor financial commitment ambiance is probable to force the now slowed economic system into a tight corner.

Economists venture the in the April to June quarter from a calendar year ago, the sharpest contraction considering that the country commenced publishing quarterly figures in 1996. India’s FY20 GDP experienced declined to 4.2 for every cent from for every cent in FY19, the slowest in the very last 11 years.

Below are some of the contributing variables that brought on the fall

Soaring retail inflation

Retail inflation spiked to 6.ninety three for every cent

Read More