In an exclusive interview with Outlook, Rajasthan Chief Minister Ashok Gehlot speaks about the testing and medical facilities in the Congress-ruled state, the migrant crisis and the measures to revive economy.
Chidambaram's remarks came a day after the RBI delivered an emergency rate cut for the second time in as many months on Friday as it judged that the Covid-19 pandemic poses a grave threat to the country and will lead to the first economic contraction in 40 years.
From a fiscal viewpoint, the government has struck a good deal. There is a saying in Hindi- 'heeng lage na fitkari, rang choko hoye' (you don’t spend really anything but it generates vibrant colours), writes Subhash Garg.
Many stocks which opened with a decline were able to recover during the day as there was no major adverse news flow. This is one factor which indicated that the underlying mood among investors was changing.
US India Business Council president Nisha Desai Biswal commended Finance Minister Nirmala Sitharaman on the comprehensive set of proposed reforms, which she said would provide the needed stimulus for the Indian economy and ensure continued economic expansion.