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Economy

Revenue Secretary Hasmukh Adhia addresses during a session on 'One Year Journey Of GST' at FICCI office, in New Delhi.

PTI Photo/Arun Sharma

A group of protesters chant slogans at the old grand bazaar in Tehran, Iran. Protesters in the Iranian capital swarmed its historic Grand Bazaar news agencies reported, and forced shopkeepers to close their stalls in apparent anger over the Islamic Republic's troubled economy, months after similar demonstrations rocked the country.

Iranian Labor News Agency via AP

A man shouts slogans against President Mauricio Macri as he waves a national flag near the Obelisk monument, in Buenos Aires, Argentina. Thousands of people protested against the government's decision to seek economic help from the International Monetary Fund.

AP Photo/Victor R. Caivano

Russian President Vladimir Putin, left, International Monetary Fund (IMF) Managing Director Christine Lagarde, Japanese Prime Minister Shinzo Abe, second right, and French President Emmanuel Macron arrive to attend the St. Petersburg International Economic Forum in St. Petersburg, Russia.

AP/PTI

(L-R) MoS for Civil Aviation Jayant Sinha, Maharashtra Chief Minister Devendra Fadnavis and Assam Chief Minister Sarbananda Sonowal during the India Economic Summit 2018 at Bombay Stock Exchange in Mumbai.

PTI Photo by Mitesh Bhuvad

A figurine of the "Nino de Atoche" is displayed in a stand at a street market in Caracas, Venezuela.

AP Photo/Rodrigo Abd

Piyush Goyal, Minister of Railways and Coal speaks at the India Economic Summit 2017 in New Delhi.

PTI Photo / World Economic Forum

Deepika Padukone, Founder, The Live Love Laugh Foundation, India speaks at the India Economic Summit 2017 in New Delhi.

PTI Photo / World Economic Forum

Union Finance Minister Arun Jaitley speaks at the India Economic Forum 2017, in Mumbai.

PTI Photo by Santosh Hirlekar

Japan's Prime Minister Shinzo Abe delivers his keynote speech on Japan's economy and investment-friendly reforms, at the New York Stock Exchange.

AP Photo/Richard Drew

The festive season holds promise of rising sales

Photograph by Getty Images

Russian President Vladimir Putin, right, and Japan's Prime Minister Shinzo Abe shake hands during their meeting at the Eastern Economic Forum in Vladivostok, Russia.

AP/PTI

Russian President Vladimir Putin, left, and his South Korean counterpart Moon Jae-in smile visiting an exhibition at the Eastern Economic Forum in Vladivostok, Russia.

AP/PTI

NITI Aayog Vice Chairman Arvind Panagariya during a discussion on the 'NITI Action Agenda and the Indian Economy' at the RBI, in Mumbai.

PTI Photo by Santosh Hirlekar

Reserve Bank of India Governor Urjit Patel addresses a discussion on the 'NITI Action Agenda and the Indian Economy' at the RBI, in Mumbai.

PTI Photo by Santosh Hirlekar

Prime Minister Narendra Modi speaks at the St. Petersburg International Economic Forum in St. Petersburg, Russia.

Valery Sharifulin/TASS News Agency Pool Photo via AP

Vice Chairman, NITI Aayog, Arvind Panagariya addressing a press conference on the State of Economy and achievements under NITI Aayog over the past three years, in New Delhi.

PTI Photo by Atul Yadav

Finance Minister Arun Jaitley addresses a round table conference on Global Growth Through Indian Economy, in Ahmedabad.

PTI Photo

Bollywood actress Aditi Rao Hydari speaks during a session of the 'Women Economic Forum 2017' at Aerocity, in New Delhi.

PTI photo

Minister of State for Commerce & Industry (Independent Charge), Nirmala Sitharaman and Chief Economic Adviser, Arvind Subramanian during the inauguration of the National Conference on “Economics of Competition Law”, in New Delhi.

PTI Photo

Economic Affairs Secretary Shashi Kanta Das and Secretary General of OECD Angel Gurria during the launch of OECD Economic Suevey of India 2017, in New Delhi.

PTI Photo by Atul Yadav

Union Finance Minister, Arun Jaitley with Chief Economic Adviser Arvind Subramanian (L), Economic Affairs Secretary Shaktikanta Das (2nd L) at North Block, in New Delhi.

PTI Photo by Vijay Verma

Former Finance Minister P Chidambaram speaks to media after release 'The REAL State of Economy Report- 2017' at AICC, in New Delhi. Former Prime Minister Manmohan Singh is also seen.

PTI Photo by Kamal Singh

Former Prime Minister Manmohan Singh with former Finance Minister P Chidambaram , Congress spokesperson Randeep Surjewala and Prof. Rajeev Gowda releases 'The REAL State of Economy Report- 2017' at AICC, in New Delhi.

PTI Photo by Kamal Singh

Colombian singer Shakira gestures during a panel at the World Economic Forum in Davos, Switzerland.

AP/PTI

Microsoft CEO Satya Nadella speaks during a panel session during the first day of the 47th annual meeting of the World Economic Forum, WEF, in Davos, Switzerland.

AP/PTI

Sri Lankan Prime Minister Ranil Wickremesinghe with Commerce and Industry Minister Nirmala Sitharaman during the opening day of India Economic Summit, in New Delhi.

PTI Photo by Shahbaz Khan

Finance Minister Arun Jaitly (L) and Energy Minister Piyush Goyal during the Transforming India function at Mumbai.

PTI Photo

Finance Minister Arun Jaitly speaking about Stance on 9 Pillars of New Economy while addressing Transforming India function in Mumbai.

PTI Photo

Union Minister for Finance and Corporate Affairs, Arun Jaitley with FICCI President Harshavardhan Neotia during a workshop on Income Declaration Scheme and Gold Monetisation Scheme.

PTI Photo by Shahbaz Khan

In this file photo, gold coins lie on display at the office of Philip Diehl in Austin, Texas. Safety is a big draw since the shocking British vote to leave the European Union, sending gold prices soaring.

AP Photo/Eric Gay

Chief Economic Advisor (CEA) Arvind Subramanian addressing International conference on "Social Statistics in India" during silver jubilee celebrations of ADRI in Patna.

PTI Photo

Workers construct a bridge on the river Gomati, in Lucknow.

AP Photo/Rajesh Kumar Singh

RBI Governor Raghuram Rajan during a press conference to announce the second bi-monthly monetary policy statement at RBI headquarters in Mumbai.

PTI Photo by Mitesh Bhuvad

The delegations of U.S. Secretary of State John Kerry and China's Vice Premier Wang Yang meet during the Strategic Dialogue at the US - China Strategic and Economic Dialogues.

Saul Loeb, Pool Photo via AP

Finance Minister Arun Jaitley with Indian and Japanese top Executives and CEOs during a meeting in Tokyo on Wednesday.

PTI Photo

Reserve Bank of India (RBI) Governor Raghuram Rajan addresses a press conference on the first monetary policy announcement of the current fiscal year in Mumbai.

AP Photo/Rafiq Maqbool

A policeman stands guard with a sniffer dog at the entrance of the Reserve Bank of India (RBI) headquarters in Mumbai. The RBI on Tuesday cut its key interest rate by a quarter of a percentage point and hinted at other measures to boost liquidity and spur economic growth.

AP Photo/Rafiq Maqbool

Prime Minister Narendra Modi addressing at the Bloomberg Economic Forum 2016 in New Delhi.

PTI Photo by Vijay Verma

Christine Lagarde, managing director of the International Monetary Fund (IMF), left with Melinda Gates, co-chair of the Bill and Melinda Gates Foundation, at the Advancing Asia Conference.

PTI Photo by Kamal Kishore

MoS for Finance, Jayant Sinha speaks at the Advancing Asia Conference.

PTI Photo by Kamal Kishore

Melinda Gates, co-chair of the Bill and Melinda Gates Foundation, speaks at the Advancing Asia Conference.

PTI Photo by Kamal Kishor

Arun Jaitley with International Monetary Fund Managing Director Christine Lagarde at a meeting.

PTI Photo by Vijay Verma

Chief Economic Adviser Arvind Subramanian addressing a press conference on Economic Survey 2015-16, in New Delhi.

Tribhuvan Tiwari/Outlook

Chief Economic Adviser Arvind Subramanian addressing a press conference on Economic Survey 2015-16, in New Delhi.

PTI Photo by Manvender Vashist

RBI Governor Raghuram Rajan addresses at the fourth edition of India Micro, Small and Medium Enterprises (MSME) Summit.

PTI Photo

RBI Governor Raghuram Rajan addresses at the fourth edition of India Micro, Small and Medium Enterprises (MSME) Summit.

PTI Photo

Economist Amartya Sen delivers the annual Rajendra Mathur Memorial Lecture, organised by the Editors Guild of India in New Delhi

PTI Photo/Atul Yadav

Secretary, Department of Economic Affairs, Shaktikanta Das addresses the media in New Delhi.

PTI Photo by Kamal Singh

An elderly Ukrainian woman sells home made product in downtown Kiev, Ukraine. A World Bank report predicts the Ukrainian economy will grow by 1 percent in 2016, this is after a 12 percent reduction in 2015.

AP Photo/ Efrem Lukatsky

US Secretary of State John Kerry speaks during a panel session at the 46th Annual Meeting of the World Economic Forum, WEF, in Davos. Kerry took aim Friday at government corruption, saying it fuels crime, violent extremism and disillusionment with society that contributes to the global refugee crisis.

Jean-Christophe Bott/Keystone via AP

Arun Jaitley, right, speaks alongside Navtej Sarna, Indian High Comissioner to the UK, during the 8th Uk-India Economic and Financial Dialogue, at Downing Street.

AP Photo/Kirsty Wigglesworth, pool

Britain's Chancellor George Osborne, centre, speaks alongside Governor Mark Carney from the Bank of England, left, during the 8th UK-India Economic and Financial Dialogue, at Downing Street.

AP Photo/Kirsty Wigglesworth, pool

RBI Governer Raghuram Rajan addressing at the Delhi Economics Conclave 2015 in New Delhi.

PTI Photo by Shirish Shete

Angus Deaton gestures at a gathering at Princeton University after it was announced that he won the Nobel prize in economics for improving understanding of poverty and how people in poor countries respond to changes in economic policy.

AP Photo/Mel Evans

Reserve Bank of India governor Raghuram Rajan smiles during a press conference in Mumbai. Home and corporate loans to cost less as the Reserve Bank lowered the key interest rate by 0.50 per cent - the biggest cut in over three years - to bolster the economy.

AP Photo/Rajanish Kakade

Telangana Chief Minister K Chandrashekhar Rao with his delegation in Dalian, China on Tuesday to participate in the World Economic Forum meeting.

PTI Photo

Chief Economic Advisor (CEA) Arvind Subramanian addresses the media in New Delhi,

PTI Photo by Vijay Kumar Joshi

People walk past China's central bank or People's Bank of China in Beijing . China devalued its tightly controlled currency following a slump in trade, triggering the yuan's biggest one-day decline in a decade.

AP Photo/Andy Wong

With the Greek cabinet deciding that banks would remain shut for six business days and restrictions would be imposed on cash withdrawals, an elderly man waits outside a closed bank in Athens, Greece.

AP/PTI

The Reserve Bank of India cut its key interest rate by a quarter percentage point in a surprise move that adds impetus to government efforts to revive Asia's third-biggest economy.

AP Photo/Rajanish Kakade

Finance Minister Arun Jaitley interacts with the media in New Delhi.

PTI Photo/Manvender Vashist

Prime Minister Narendra Modi chairing a meeting on monsoon, farming and rural economy, in New Delhi.

PTI Photo

Starting from left, Armenian President Serge Sarkisian, Belarusian President Alexander Lukashenko, Kazakh President Nursultan Nazarbayev, Russian President Vladimir Putin, and Kyrgyz President Almazbek Atambayev, at a meeting of the Eurasian Economic Council in Astana, Kazakhstan. The leaders of Russia, Belarus and Kazakhstan have created an economic union that intends to boost cooperation among the ex-Soviet republics, a pact which was at the source of the crisis in Ukraine.

AP/PTI

Laborer carrying a sack full of vegetables at a wholesale vegetable market in Allahabad, Uttar Pradesh.

AP Photo/ Rajesh Kumar Singh

Manmohan Singh and Deputy Chairman, Planning Commission, Montek Singh Ahluwalia during a meeting of the Planning Commission, in New Delhi.

PTI Photo/ Manvender Vashist

A massive protest was witnessed over the controversial China Taiwan trade pact in front of the Presidential Building in Taipei, Taiwan.

AP/PTI Photo

Washington : Speaker of the House John Boehner, R-Ohio, with House GOP leaders, speaks with reporters following a Republican strategy session, at the Capitol in Washington. Behind Speaker Boehner are House Majority Whip Kevin McCarthy, R-Calif., and Rep. Cathy McMorris Rodgers, R-Wash., the Republican Conference chair. House GOP leaders Tuesday pitched a plan to fellow Republicans to counter an emerging Senate deal to reopen the government and forestall an economy-rattling default on U.S. obligations. But they stopped short of promising a vote later in the day after the plan got mixed reviews from the rank and file.

AP/PTI

President Barack Obama speaks about the the budget and the partial government shutdown, in the Brady Press Room of the White House in Washington. The president said he told House Speaker John Boehner he's willing to negotiate with Republicans on their priorities, but not under the threat of "economic chaos."

AP Photo/ Charles Dharapak

US President Barack Obama speaks about the government shutdown and debt ceiling during a visit to M. Luis Construction, in Rockville, Maryland. Obama has cancelled his trip to Asia because of the US government shutdown.

AP Photo/ Charles Dharapak

A park ranger reads a sign announcing the closing of the Statue of Liberty in New York.

AP Photo/ Mark Lennihan

A US Park Police officer watches at left as a National Park Service employee posts a sign on a barricade closing access to the Lincoln Memorial in Washington. Congress plunged the nation into a partial government shutdown as a long-running dispute over President Barack Obama's health care law stalled a temporary funding bill, forcing about 800, 000 federal workers off the job and suspending most non-essential federal programs and services

AP Photo/ Carolyn Kaster

The morning sun illuminates the U.S. Capitol in Washington.

AP Photo/ J. Scott Applewhite

The Ohio Clock outside the Senate Chamber on Capitol Hill shows the time of 12:01 a.m. in Washington. Congress was unable to reach a midnight deadline to keep the government funded, triggering the first government shutdown in more than 17 years.

AP Photo/ Evan Vucci

A vegetable trader counts rupees at a wholesale vegetable market in Allahabad.

AP Photo/ Rajesh Kumar Singh

Senior BJP leader LK Advani, accompanied by a delegation of senior party MPs after meeting President Pranab Mukherjee to submit a memorandum of the economic situation of the country, at Rashtrapati Bhawan in New Delhi.

Photo by Jitender Gupta/ Outlook

Senior BJP leader LK Advani, accompanied by a delegation of senior party MPs, talking to media after meeting President Pranab Mukherjee to submit a memorandum of the economic situation of the country, at Rashtrapati Bhavan in New Delhi.

Photo by Jitender Gupta/ Outlook

Sand artist Sudarsan Pattnaik creates a sand sculpture of rupee with a message "Save Rupee" at Puri beach of Odisha. The rupee plunges to a new record low of 68.75 per dollar in the late morning trade on persistent dollar demand from banks and importers due to further fall in equity market amidst rise in crude oil prices.

PTI Photo

A village farmer sprinkles fertiliser in a paddy field on the outskirts of Bhubaneswar.

AP Photo/ Biswaranjan Rout

Workers pour cement at a construction site on the Jammu-Srinagar highway on the outskirts of Jammu. The Indian economy, Asia's third largest, grew 5 percent in the financial year ended March, its slowest in a decade and well off the 8 percent pace it had averaged over those 10 years. The Indian rupee has plumbed new lows against the dollar on a near daily basis, showing the pressure of a current account deficit that has swelled from high import costs.

AP Photo/ Channi Anand

Activists of Democratic Youth Federation of India (DYFI) shout slogans during a protest against the government over the fall of the Indian rupee, in Hyderabad.

AP Photo/ Mahesh Kumar A.

Sorit

Indian vendors sell vegetables at a roadside in Kolkata. The Indian economy, Asia's third largest, grew 5 percent in the financial year ended March, its slowest in a decade and well off the 8 percent pace it had averaged over those 10 years. The Indian rupee has plumbed new lows against the dollar on a near daily basis, showing the pressure of a current account deficit that has swelled from high import costs.

Bikas Das/ AP Photo

Prime Minister Manmohan Singh shakes hands with RBI Governor-designate Raghuram Rajan at the release of the fourth volume of RBI history titled "RBI History - Looking Back and Looking Ahead" at 7RCR in New Delhi. Singh ruled out the possibility of India witnessing a repeat of the 1991 balance of payments crisis and also reversing the path to globalisation of the economy.

PTI Photo

Left to right: Rohit Lamba, Consultant to the CEA A PhD candidate at Princeton, Lamba’s area of interest is mechanism design.
Prachi Mishra, Senior economist She has worked in the PM’s Economic Advisory Committee led by Dr C. Rangarajan.
Supriyo De, Officer on special duty to CEA An IRS officer with several years of work in the ministry, De was handpicked by the previous CEA.
Kanika Grover, Consultant economist An MA in environmental and resource economics, she is with the climate change finance unit

Jitender Gupta

Members of the Catalonian Police Police "Mossos d'Esquadra" set off firecrackers during a protest against cutbacks in Barcelona, Spain. Spain is struggling to emerge from its second recession in just over three years.

AP/PTI

Minister of State for External Affairs E. Ahamed and Deputy Prime Minister and Minister for Foreign Affairs of Turkmenistan Rashid Meredov at the 4th meeting of India-Turkmenistan Inter Governmental Commission on Trade, Economic, Scientific and Technological Cooperation in New Delhi.

PTI Photo/ Kamal Singh

Haze of smoke hangs over the city skape in Athens. The cloud is the result of a massive switch to wooden stoves and fireplaces for heating as many households, already hard hit by the economic crisis, can not afford to buy heating oil after the cash-strapped government decided to harmonize taxes on heating oil and diesel fuel, leading to a 40 percent rise in the price of heating oil.

AP Photo/Petros Giannakouris

President Barack Obama and Vice President Joe Biden make a statement regarding the passage of the fiscal cliff bill in the Brady Press Briefing Room at the White House in Washington.

AP/PTI

Vegetable vendors wait for customers at a market in Kolkata. India agreed to open its huge market to foreign retailers such as Wal-Mart as part of a flurry of economic reforms aimed at sparking new growth in the country's sputtering economy.

AP Photo/ Bikas Das

Pedestrian look at various advertisement of job hunting and rooms, apartments and houses for rent on a public bulletin board in Beijing. China's imports shrank unexpectedly in August in a sign its economic slump is worsening and the Chinese president warned growth could slow further, prompting expectations of possible new stimulus spending.

AP Photo/Andy Wong

Sorit

June 26, 2006 US and South Pacific eds. The same cover appeared next week, i.e. dated July 3, 2006 as the Europe, Middle East and Africa ed.

Courtesy Time magazine, Time.com

The Prime Minister, Dr. Manmohan Singh meeting the President of France, Mr. Francois Hollande, on the sidelines of the G-20 Summit, at Los Cabos, Mexico.

pib.nic.in

Prime Minister Manmohan Singh (L) during the first plenary session of G20 Summit at Los Cabos, Mexico. India announced a 10 billion USD contribution to the IMF's additional 430 billion USD financial firewall to help the debt-wracked 17-nation eurozone so that the faltering world economy is protected against the spread of any financial contagion. The announcement of the contribution was made by Prime Minister Manmohan Singh in his address at the Plenary Session of the seventh summit of the Group of developed and developing countries(G-20) in this Mexican resort town against the backdrop of growing calls to nations to increase contributions to the International Monetary Fund(IMF) for the bailout fund.

PTI Photo/ Vijay Verma

Prime Minister Manmohan Singh with Mexican President Felipe Caideron before the first plenary Session of the G20 summit at Los Cabos, Mexico. India announced a 10 billion USD contribution to the IMF's additional 430 billion USD financial firewall to help the debt-wracked 17-nation eurozone so that the faltering world economy is protected against the spread of any financial contagion.

PTI Photo/ Vijay Verma

BRICS' heads of state, from left, Brazil's President Dilma Rousseff, Russia's President Vladimir Putin, Prime Minister Manmohan Singh, China's President Hu Jintao and South Africa's President Jacob Zuma pose for photos at the G-20 Summit in Los Cabos, Mexico.

AP Photo/Andres Leighton

Prime Minister Manmohan Singh attends the BRICS leaders summit at Los Cabos, Mexico.

PTI Photo/Vijay Verma

A man watches a screen on the facade of the Bombay Stock Exchange building in Mumbai. RBI left its key interest rate unchanged due to inflation concerns, thwarting hopes of a rate cut to kick start flagging growth in Asia's third-largest economy.

AP Photo/ Rafiq Maqbool

Prime Minister, Manmohan Singh briefing the media on his arrival at the Los Cabos International Airport, in Mexico. Arriving for the crucial G-20 summit, Singh said the world economy is in "deep trouble" and hoped that the grouping of developed and developing countries will come up with constructive proposals to pull the world out of this crisis.

pib.nic.in

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