Meeting to focus on new Foreign Trade Policy and the strategies and measures to be taken in order to take forward domestic manufacturing and exports.
ADB and the GoI have signed a $132.8 million loan to strengthen and modernize the distribution network and improve the quality of power supplied to households, industries, and businesses in Meghalaya.
The Indian growth story continues as is demonstrated by the trends in FPI, FDI and Corporate Bond Market flows
The FM highlighted the measures taken by India to address the challenges related to the pandemic. She also highlighted that cooperation between India and Sri Lanka would be beneficial for sustained growth.
FDI Equity Inflows during the first half of 2020-21 have shown 15% growth in US$ terms and 23% growth in Rupee terms
Q2 GDP at - 7.5% buttresses recovery as captured by several high-frequency indicators. The economic impact is primarily due to #COVID19, good news is falling daily cases are due to lower transmission & not due to lower testing.
While reviewing the performance of CPSEs, Smt. Sitharaman said that CAPEX by CPSEs is a critical driver of economic growth and needs to be scaled up for the FYs 2020-21 & 2021-22.
GoI has received Rs. 7,08,300 crores up to October 2020 comprising Rs. 5,75,697 crores Tax Revenue, Rs. 1,16,206 crores of Non-Tax Revenue and Rs. 16,397 crores of Non-Debt Capital Receipts.
Auction for Sale (Re-issue) of ‘4.48% GS 2023’, Auction for Sale (Re-Issue) of ‘GoI Floating Rate Bond 2033’, Auction for Sale (Re-issue) of ‘6.22% GS 2035’, and of ‘6.67% GS 2050’.
Finance Minister Smt. Nirmala Sitharaman says the momentum of reforms continues during the pandemic and will continue; the economy is facing a reset exercise.
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