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More direct funding push will aid India recovery: Gita Gopinath

More direct funding push will aid India recovery: Gita Gopinath

Search+›››› Read. Lead. Succeed. ET Prime - For Members OnlyGita Gopinath, chief economist of the International Monetary Fund (IMF).India’s new farm and labour laws are a step in the right direction and have the potential to strengthen the supply side and also help boost demand, along with some level of direct support, she told ET in an exclusive interview.NEW DELHI: More direct funding support that includes the urban poor and migrant workers within its fold can help India speed up economic recovery, but monetisation of the deficit is not advisable, said Gita Gopinath, chief economist of...

October 16, 2020
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India set to erect a Great Wall against Chinese companies

India set to erect a Great Wall against Chinese companies

Search+›››› India set to erect a Great Wall against Chinese companiesBy , Last Updated: Jun 19, 2020, 02:26 PM ISTSynopsisNEW DELHI: India is considering multiple, comprehensive measures to curtail the country’s economic reliance on China, targeting trade, investment and project services in the wake of border hostilities. These are likely to include restrictions on participation by Chinese companies in government contracts and infrastructure projects, higher tariffs on imported Chinese finished goods as also a closer review of free trade agreements that are being used by the country to...

June 19, 2020
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Red carpet for firms looking to ditch China

Red carpet for firms looking to ditch China

Search+›››› Red carpet for firms looking to ditch ChinaBy , Last Updated: Apr 23, 2020, 09:36 AM ISTSynopsisNEW DELHI: The Prime Minister’s Office, and the Department for and Internal Trade are firming up a plan to offer incentives to attract looking to shift manufacturing activities out of .The benefits will be on the lines of those given to manufacture of electronic and medical devices. These may include production-linked incentives such as capital expenditure benefits.There is a growing realisation among multinational firms after the that capacities cannot be concentrated at one place....

April 21, 2020
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6-month GST payment freeze for worst-hit sectors, a lower rate for realty among Covid options mulled

6-month GST payment freeze for worst-hit sectors, a lower rate for realty among Covid options mulled

Search+›››› 6-month GST payment freeze for worst-hit sectors, a lower rate for realty among Covid options mulledBy , Last Updated: Apr 27, 2020, 08:18 AM ISTSynopsisNew Delhi: India is considering a goods and services tax (GST) relief package to counter the impact of Covid-19 and help prop up the economy, said people with knowledge of the matter. The package being considered could include a six-month suspension of for the worst-hit sectors such as restaurants, aviation and hospitality as well as a lower rate for the real estate sector.Other proposals include a switch to a cash-based...

April 26, 2020
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