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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. Notably, India had also been witnessing a pre-pandemic slowdown, and according to the World Bank , the current pandemic has "magnified pre-existing risks to India's economic outlook".
Such theories include claims that the COVID-19 pandemic was created by a secret group in order to seize control of the global economy, [1] that lockdown restrictions were deliberately designed to induce economic meltdown, [16] or that a global elite was attempting to abolish private property while using COVID-19 to enslave humanity with vaccines.
[11] [12] A COVID-19 Economic Response Task Force was also formed. [13] [14] The COVID-19 Economic Response Task Force was tasked with formulating and implementing policies and measures to minimize the economic impact of the pandemic on various sectors in India. Union and state governments set up national and state helpline numbers. [15]
Pre-GST, the statutory tax rate for most goods was about 26.5%; post-GST, most goods are expected to be in the 18% tax range. The tax came into effect from 1 July 2017 through the implementation of the One Hundred and First Amendment to the Constitution of India by the Government of India. 1 July is celebrated as GST Day. [4]
From 1 May 2018 onwards Ministry of Finance of Government of India started releasing monthly GST revenue collection data via official press release through Press Information Bureau. And to further improve transparency Government of India started issuing state-wise monthly collection data from 1 January 2020.
The Next Generation EU (NGEU) is a €750 billion economic recovery plan launched by the European Union in July 2020 in response to the economic challenges posed by the COVID-19 pandemic. [73] It aimed to mitigate the pandemic's immediate economic impacts and lay the groundwork for long-term recovery through investments in green energy, digital ...
Are cracked eggs safe to eat — or should this food item be tossed? Fox News Digital spoke to an egg expert for thoughts and guidance for consumers on the issue.
The first cases of COVID-19 in India were reported on 30 January 2020 in three towns of Kerala, among three Indian medical students who had returned from Wuhan, the epicenter of the pandemic. [10] [11] [12] Lockdowns were announced in Kerala on 23 March, and in the rest of the country on 25 March. Infection rates started to drop in September. [13]