Economic Crisis - AB TAK NEWS

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Tuesday, 3 September 2019

Economic Crisis

Former Prime Minister Manmohan Singh targeted Modi 

government

economic crisis के लिए इमेज परिणाम

Domestic demand and consumption at 18-month low

Former Prime Minister Manmohan Singh attacked the Modi government for the decline in the GDP growth rate of the country. He directly blamed the Modi government for the economic slowdown, saying that it is the man made crisis caused by mismanagement.Economics expert Manmohan Singh said that the GDP growth rate of the previous quarter has been 5 per cent, it shows that the country is in a period of long slowdown, India has the ability to grow at a faster pace but all-round mismanagement of the Modi government  Taking a dig at the Modi government on the weak growth rate of the manufacturing sector, Manmohan Singh said that it is clear that it is just 0.6%  That our economy is yet to recover from human-made mistakes like Notbandi.

Apart from this, wrongly implemented GST has also worsened the condition of the economy, while Finance Minister Nirmala Sitharaman flatly denied.

Talking to the media on Sunday, he refused to believe that the country is in recession when asked whether the economy is suffering from recession, whether the government is accepting the temple talk, he did not give any clear answer and said that I  Meeting industry representatives and their problems and what they want from the government

Taking suggestions on this, I have done this twice before and I will do it again and again
Former Prime Minister, Dr. Manmohan Singh said that the growth rate in domestic demand and consumption is at an 18-month low, GDP growth is also the lowest in 15 months, besides there is a decrease in tax revenue, from small to big businessmen.  There is an atmosphere of fear among investors as well

In response to this, Finance Minister Sitharaman denied the slowdown in the economy, on the statement of former Prime Minister Manmohan Singh, the Finance Minister said whether Dr. Manmohan Singh is saying that because of indulging in the spirit of political vendetta, the way of negotiating with the sensible people should be found out  They have said, well thank you, I will take their statement on this, this is my answer.

 

Foreign exchange reserves slashed by $ 1.45


The country's foreign currency reserves declined by $ 1.45 to $ 429.05 billion in the week ended August 30, before it declined by $ 7.08 crore to $ 430.50 billion in the week ended August 16, according to weekly data released by the Reserve Bank of India.  Foreign currency assets, the largest component of foreign exchange reserves, declined by $ 1.20 billion in the week ending August to 397.13 billion dollars.  Credit reserves at $ 24.32 million was 26.8 Satara

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