India s GDP to shrink 7.7% India’s economy is set for its biggest annual contraction in records going back to 1952 as the rapid spread of coronavirus cases and measures to contain them hurt businesses and households. Gross domestic product will shrink 7.7% in the financial year ending March 2021, the statistics ministry said in its first advance estimate published on Thursday. That’s steeper than a 7.5% drop forecast by the Reserve Bank of India, as well as economists surveyed by Bloomberg and other agencies.
US backs action against India s equalisation levy The US has held that India’s 2 per cent digital tax on technology majors is unreasonable, burdensome and discriminatory against American companies like Amazon, Google, and Facebook and inconsistent with international tax principles. The US Trade Representative (USTR) office has noted that India s digital services tax (DST) or equalisation levy was actionable under Section 301 of the Trade Act.
Modern dedicated freight corridor is game changer in 21st century: Modi
By IANS| Published: 7th January 2021 12:47 pm IST
New Delhi, Jan 7 : Prime Minister Narendra Modi on Thursday inaugurated the 306 km Rewari-Madar section of the Western Dedicated Freight Corridor section and said the modern Dedicated Freight Corridor is a “game changer” for India in the 21st century.
Modi also flagged off world’s first Double Stack Long Haul 1.5 km in length ‘Container Train’ virtually between Haryana’s new Ateli and Rajasthan’s New Krishnanagar.
The event was also attended by Rajasthan Governor Kalraj Mishra, Haryana Governor Satydev Narayan Arya, Rajasthan Chief Minister Ashok Gehlot, Haryana Chief Minister Manohar Lal Khattar, his deputy Dushyant Chautala and Union Railway Minister Piyush Goyal and several others.
Modi also flagged off world s first Double Stack Long Haul 1.5 km in length Container Train virtually between Haryana s new Ateli and Rajasthan s New Krishnanagar.The
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PM Modi flags off the western dedicated freight corridor (File photo: ANI)
NEW DELHI: Prime Minister Narendra Modi on Thursday inaugurated the 306 km Rewari-Madar section of western dedicated freight corridor.
He also flagged off the world s first double-stacked long haul electrically powered container train from New Ateli (Haryana) to New Kishangarh (Rajasthan).
Addressing the inauguration via video conferencing, PM Modi highlighted that the government is pushing growth and development of every individual and the country.
Inaugurating Rewari-Madar Section of the Western Dedicated Freight Corridor. #PragatiKaRailCorridor https://t.co/5rxqVvASlR Narendra Modi (@narendramodi) 1609999076000
Modi said that both the eastern and western dedicated freight corridors are being seen as a game changer for India.