Under the proposed DEPA, Indians who have no access to formal credit due to lack of collateral will be able to apply for loans using several types of digital documents.
India's GDP shrank by a staggering 24 per cent year-on-year amid the imposition of one of the most stringent global nationwide lockdown.
Improvement in business activity from July, after lockdown curbs were eased, has been a key factor in keeping investors interested.
Former RBI governor Raghuram Rajan says saving resources now for future use is self-defeating, ‘patient needs relief when sick, not after atrophy’.
The problem with such spending is that these construction projects struggle to generate sufficient revenue and end up adding to the debt of local governments.
Global economy faces new risks -- winter wave of coronavirus, end of govt support for workers & bank moratoriums, US-China tensions, US presidential election.
With a record GDP fall, surging Covid cases, sharp hit to healthcare and education, the Modi government needs to resist calls to spend money it doesn't have.
The rankings for 2019 saw Gujarat slip five spots to number 10 while Karnataka entirely fell out of the top 10.
The monthly outlook report for August says the uncertainty on account of the pandemic still persists and only a vaccine will restart discretionary spending.
BJP's official Twitter handle has released an animated video featuring two friends, Sarthak and Ramesh, with an aim to assuage concerns about the economy.