Economy

Over the course of the year, INSEE estimated that the economy was set to contract 9%, France’s worst recession since modern records began in 1948 but not as bad as the 11% slump the government forecast in its last revision to the 2020 budget. … [Read more...] about French economy seen rebounding 19% in third quarter, 3% in fourth quarter: INSEE

Reviewing the performance of CPSEs, the Finance Minister said that CPSEs have a very important role in giving a push to the growth of the Indian economy. She encouraged the CPSEs to perform better to achieve targets and to ensure that the capital outlay provided to them for the year 2020-21 is spent properly and within time.  … [Read more...] about Better performance of CPSEs can help economy recover from COVID-19 impact: FM Nirmala Sitharaman

He noted that the success of India’s IT industry is backed by skilled talent and low-cost inclusive technology. The mobile phone base in the country stands at 1.21 billion with 450 million smartphones, Prasad said, adding that 1.22 billion Aadhaar cards offered residents a verifiable digital identity. … [Read more...] about Ravi Shankar Prasad asks Russia to leverage massive potential of India’s digital economy

"Prime Minister Imran Khan and some of his cabinet members are involved in a plot to unleash a wave of unemployment and chaos and create a situation to sell off state-owned enterprises for peanuts to their invisible partners," he said in a statement on Wednesday. … [Read more...] about Coronavirus: Pakistani government lays off thousands of workers to revive economy

The two projects would be instrumental in accelerating the pace of industrialisation and creating job opportunities, an official spokesperson said, after a meeting of the cabinet, chaired by Punjab chief minister Captain Amarinder Singh, through video conferencing. … [Read more...] about Punjab cabinet gives nod to two industrial parks to boost economy, create jobs