All the heads of the front organisations have also been summoned. The meeting is to take stock of the preparation for the nationwide agitation, which the party has planned for November 5-15. The party has decided to raise the issues of economic slowdown, unemployment, farmers' distress, PSU disinvestment and the Regional Comprehensive Economic Partnership (RCEP).
"...Itna sannata kyon hai bhai?" (why is there so much silence) is the question resonating everywhere on "silence" over the future of the country and Maharashtra, the Sena said in an editorial in party mouthpiece 'Saamana'.
Former Prime Minister Dr. Manmohan Singh has joined the big debate centring around economic slowdown. Addressing a press conference in Mumbai, Manmohan Singh took on the BJP-led government in Centre and Maharashtra and blamed it for the current scenario in the country. Dr. Singh said, "From being No 1 in investment, Maharashtra has become No 1 in farmers' suicide."
Amid Economic slowdown, privately owned Parle Biscuits — a part of the Parle Products group — reported 15.2 per cent year-on-year (YoY) growth in net profit for financial year 2018-19 (FY19), two months after the company indicated that it would have to lay off people due to slowing growth and falling demand for entry-level biscuits. The company has also asked the government for a cut in Goods and Services Tax (GST).
It is important for India to keep fiscal deficit in check, even though its revenue projections look optimistic, Chief Economist of the International Monetary Fund (IMF) Gita Gopinath has said.
When "the economy going into a tailspin is the time when you don't worry so much about monetary stability and you worry a little more about demand, the demand is a huge problem right now in the economy," he said at a news conference at the Massachusetts Institute of Technology (MIT) in Cambridge on Monday after his prize was announced.
In the United States and Germany, unemployment is at historic lows. Yet across advanced economies, including in the US, Japan and especially the euro area, there is a softening of economic activity, IMF chief said.
HSBC Holdings Plc is planning to cut up to 10,000 jobs 'high paid' as part of a major cost-cutting drive as interim Chief Executive Officer Noel Quinn is seeking to reduce costs across the banking group, according to Financial Times reports published on Sunday.
The Reserve bank of India (RBI) is expected to cut the key policy rate again for the fifth in a row on Friday to complement the government's measures like reducing corporate tax and promoting credit offtake to spur economic activity during the festive season amid range-bound inflation.
The Goods and Services Tax (GST) collections dropped sharply to a 19-month low of Rs 91,916 crore in September, mirroring a widening slowdown in economy triggered by shrinking consumer demand.
"To make the economy stronger, the government has taken all measures and I want to say that the fundamentals of the country's economy are strong. We are not in any crisis. Some reactions from non-banking financial companies (NBFCs) are there. But we are addressing all issues," he told a press conference at his residence here.
The finance ministry is working on one more booster dose to give a leg-up to the economy that has hit over six-year low of 5 per cent, a senior finance ministry official said.
Salve said the economic slowdown begun with the 2G case order when the apex court in one stroke cancelled 122 spectrum licences issued to telecom operators.
Her remarks came over a media report that automobile firm Mahindra's plants will be closed for 17 days.
"My thoughts today are about the economy. Just one statistic tells the story. Export growth in August was -6.05%. No country has achieved GDP growth of 8% without exports growing at 20% a year," Chidambaram said.
"I want to say that there is no dearth of job opportunities in the country. Those who come for recruitment in north India often complain that they are unable to find the quality in candidates required for the post they are hiring for," Santosh Gangwar said.
The CPI(M) on Sunday criticised Union Finance Minister Nirmala Sitharaman, saying decisions taken by her ministry have resulted in the economic slowdown.
Congress General Secretary Priyanka Gandhi Vadra, here on Friday, took a dig at the Narendra Modi government on the economic slowdown with a cricket video.
Hitting out at Congress chief Sonia Gandhi over her remarks on the "grim" economic situation in the country, the BJP on Thursday said she seemed to be talking about the economic slowdown in her party as its "moneybag handlers" were behind bars.
Former Prime Minister Manmohan Singh has blamed the PM Modi-led government's policies for an economic slowdown in the country. India's GDP had dropped to a 25-quarter low of 5% in the second quarter of 2019 (April to June) on the back of poor numbers from the manufacturing and consumption sectors.
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