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The economic impact of the COVID-19 pandemic in India has been largely disruptive. India's growth in the fourth quarter of the fiscal year 2020 went down to 3.1% according to the Ministry of Statistics. The Chief Economic Adviser to the Government of India said that this drop is mainly due to the coronavirus pandemic effect on the Indian economy.
Under PMGKAY, 1121 metric tonnes of food grains were distributed in seven phases from April 2020 to December 2022 at a cost of Rs 3.9 lakh crore. [18] The Central Government, under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), has decided to continue providing free food grains till December 2028.
However, The Indian stock market has witnessed a drastic fall since the Sensex touched an all-time high of Rs 85,978.84 on 27 September last year with large-cap stocks leading the downslide. The benchmark index has plummeted by a whopping 10,000 points, or 11.79 per cent, over the past four months, marking a stark reversal of fortunes and ...
A US food retail trade group advised retailers to accelerate ordering and consider rationing to prevent empty shelves. [8] Food retailers were "among the most affected by the coronavirus, but one of the few businesses that might actually benefit," at least in the short term according to the television channel Cheddar. [9] Some areas saw price ...
The Indian minister of agriculture Sharad Pawar meets representatives of the All India Fair Price Shop Dealer's Federation in 2004.. The Public Distribution System (PDS) is a food security system that was established by the Government of India under the Ministry of Consumer Affairs, Food and Public Distribution to distribute food and non-food items to India's poor at subsidised rates.
The Dow Jones Industrial Average was down nearly half a percent at the close, while the Nasdaq Composite Index, which contains more technology stocks, cut early losses to close just 0.2% lower ...
The package was aimed to provide food security measures for poor households through direct cash transfers, free cereal, and cooking gas for three months. [50] It also provided insurance coverage for medical personnel. [49] On 27 March, the Reserve Bank of India announced a slew of measures to help mitigate the economic impacts of the lockdown. [51]
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