Wednesday, 4 December 2019

Indian Economy Slowdown. What do governments actually do?



We all know that the Indian economy is facing some slowdown and people are worried about it but what exactly the government of India is doing to counter this slowdown? Reference : India economy slow down and Causes for the Present Slowdown in the Indian Economy https://www.youtube.com/watch?v=1YSopZELnsA RBI may cut repo rate by at least 25 bps, says Pankaj Pathak of Quantum Mutual Fund https://economictimes.indiatimes.com/news/economy/policy/nirmala-sitharaman-announces-fresh-reforms-special-agencies-to-monitor-loans-above-rs-250-crore-to-avert-another-nirav-modi-like-situation/articleshow/70909169.cms?from=mdr Nirmala Sitharaman announces big reforms for Public Sector Banks: Key highlights https://economictimes.indiatimes.com/news/economy/policy/nirmala-sitharaman-announces-fresh-reforms-special-agencies-to-monitor-loans-above-rs-250-crore-to-avert-another-nirav-modi-like-situation/articleshow/70909169.cms?from=mdr India To Grow 7% In 2020 As Bottlenecks Clear Up: IMF Chief Economist Gita Gopinath https://www.ndtv.com/business/imf-chief-economist-gita-gopinath-on-india-economy-india-to-grow-7-percent-in-2020-gita-gopinath-2117600 Steps were taken by the government to arrest the slowdown: The government is doing both short-term and long-term reforms. RBI reduced the interest rate (repo rate) fifth time in 2019 to ease the credit flow in the economy. This will result in commercial bank reducing interest rates on the loans. Thus, home loan corporate interest rates and EMI on consumer products will reduce. This will boost demand and thus help bring back the consumer sentiment and bring in economic growth. https://economictimes.indiatimes.com/wealth/personal-finance-news/rbi-rate-cut-how-it-impacts-borrowers-emis-and-investors-income-from-deposits/articleshow/70563602.cms?from=mdr The government slashed the corporate tax rate https://economictimes.indiatimes.com/articleshow/71321427.cms?from=mdr&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst long-awaited booster package for the realty sector https://economictimes.indiatimes.com/articleshow/71943409.cms?from=mdr&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Filmed this video in HD on this -- Canon 700D https://amzn.to/2HzRgzo with this lens -- 10-18MM https://amzn.to/2r8ZyUs PRIME MIC -- https://amzn.to/2FqSWFe GORILLAPOD -- https://amzn.to/2FqYRKK OTHER MIC -- https://amzn.to/2raNIsb OTHER GEAR --- Canon 80D https://amzn.to/2FqP6Mh OTHER LENS -- 50MM https://amzn.to/2r6Kxla GREEN SCREEN -- https://amzn.to/2JxJiTR CAMERA SLIDER -- https://amzn.to/2HYjsLK OLD CAMERA-- https://amzn.to/2r9Wdnl Follow me Twitter ➜ https://www.twitter.com/Gyanjarahatke Facebook ➜ https://www.facebook.com/Gyanjarahatke Instagram ➜ https://www.instagram.com/gyanjarahatke/ Support GyanJaraHatke By Becoming GyanJaraHatke Patreon https://www.patreon.com/GyanJaraHatke Music: https://www.bensound.com

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