The second wave of Corona has dealt a big blow to the economy. The economy has been damaged due to the pandemic. Due to Corona, companies, factories, and industries have been closed for the last two months. This has led to a sharp decline in industrial activities. Meanwhile, NITI Aayog said that the second wave of Corona has affected the economy. NITI Aayog Vice-Chairman Rajiv Kumar said that the RBI has reduced the GDP estimate for the financial year 2021-2022 from 10.5% to 9.5%. The economy of the first quarter has collapsed due to the second wave. There is little hope of improvement.
Talking to news agency ANI, Vice-Chairman of the Commission Rajiv Kumar said that the economy is expected to improve from June. Although the economy will not grow in proportion to the pace at which it should grow, but the situation will improve. He said that the country has been badly affected by the second wave of Covid. People are very scared and scared of this, but after getting vaccinated, the fear will end from inside people and people will return to their work.
Compensation for loss from GST collection
However, during the second wave of Corona, the GST collection has played an important role in filling the coffers of the government. NITI Aayog Vice-Chairman Rajiv Kumar said that the second wave has not affected the fiscal deficit much. Although some effect has been seen, it has been compensated by the GST collection. He said that during this period the government has been forced to invest more, strengthen public infrastructure. Let us inform you that in March 2021, the GST collection has set new records. GST collection has increased by 26% to 1.23 lakh crores.
In fact, because of the second wave of Corona, the lockdown is again in force in the states, due to which industrial activities have started decreasing. Factories and industries are all at a standstill. Due to the lockdown, a large number of laborers have returned to their respective states, in such a situation the supply of goods is completely stopped.
PM Modi Anthony Albanese, IND vs AUS 4th Test. The last match of the four-match Test series betwe
The first case of bird flu in China has been reported from a person infected with the H10N3 strai
PM Modi spoke to Benjamin Netanyahu, stressing an early end to tensions
Prime Minister Narendra Modi chaired a meeting of the Cabinet Committee on Security (CCS), the hi
KL Rahul will not play as wicketkeeper in Ind vs Eng: KL Rahul will not play wicketkeeper in the
Sri Lanka again hiked fuel prices on Sunday. For the third time in a month, the government has in
After weeks of protests in China, the government is going to ease Covid restrictions from today.
Today is the seventh day of the Russia-Ukraine war. The common citizens of India may not have any
After Sonam's arrest in the Indore Couple Case's Raja Raghuvanshi murder case, her father Devi Si
Pakistan has signed a defense agreement with Saudi Arabia, which states that an attack against ei
There was a slight increase in the cases of corona in the country for the third consecutive day o
