top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen


18 Oct 2021

Indian Finance Minister says India in no Hurry to Unwind Pandemic Stimulus

The Index Today

India’s finance minister recently stated that the country is in no hurry to cut down its pandemic-era stimulus. Nirmala Sitharaman said in an interview, “The will continue. The emphasis on building health infrastructure will continue and so will government spending on capital expenditure and infrastructure.”

India’s present annual budget due on February 1ST will reflect policies of bringing the country out of the pandemic. The Reserve Bank of India and the International Monetary Fund have forecast GDP growth to be around 9.5% for the year up till March 2022. The new figure is reportedly higher than Bloomberg’s forecast which stands at 7.3%.

However, the country faces numerous challenges in the road to complete recovery. Higher commodity prices, inflation and other factors could risk being a hurdle in the proposed government spending plan. Nirmala further said, “The challenge I will face, and the teams are also watching in the ministry, is the way to fuel prices are leading to a big crest. This uncertainty is a big element for me.”

©Photo: Wikipedia

Clay pottery with table linens
bottom of page