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Rahul Gandhi targets the PM on economy




Rahul Gandhi Economy

‘Strength turns into weakness’: Rahul Gandhi targets PM on economy

Congress leader Rahul Gandhi once again targeted Prime Minister Narendra Modi over the economy, claiming that due to the decisions taken by the PM, India has come into recession.

“India has entered recession for the first time in history.

Mr. Modi’s actions transformed India’s strength into weakness, ”Rahul Gandhi tweeted on Thursday.

Rahul Gandhi attached a news report with the tweet which talked about the state of India’s economy.

In an article released on Wednesday in the monthly bulletin of the Reserve Bank of India (RBI), an official said that India’s gross domestic product (GDP) is likely to contract up to 8.6 percent for the July-September period, implying that India will enter for the first time in history in the first half of this financial year with two gradual slowdowns of negative growth due to the Kovid-19 epidemic. Researchers have used the ‘nostering’ method to access estimates before the official release of data.

However, their findings do not constitute central bank views.

The epidemic-induced lockdown suffered a steep 23 percent drop in GDP in the April-June quarter compared to the same period a year earlier. The RBI has estimated that the economy will contract for the entire fiscal year at 9.5 percent. Gandhi attacked the Center for tackling the coronovirus crisis and alleged that it was not enough for the people of the country.

Rahul Gandhi also criticized the lockdown imposed by the Modi government.

Rahul Gandhi on Wednesday said that after the US pharmaceutical major Pfizer announced the promising results of its coronavirus vaccine, the central government needed to formulate a vaccine delivery strategy. Meanwhile, the Center on Wednesday approved a Rs 2 lakh crore production-linked incentive (PLI) package aimed at boosting demand across India.

In addition to the PLI package, government officials said this week plans to announce a new round of stimulus totaling about $ 20 billion to pull the economy out of its historic contraction, according to news agency Reuters It will be finalized by PM Modi, Union Finance Minister Nirmala Sitharaman and other senior officials.

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Debenhams lists 27 branches that will shut for fantastic in May possibly, as the chain’s closing down sale carries on




Debenhams lists 27 branches that will shut for good in May, as the chain’s closing down sale continues

ebenhams has stated the future 27 branches that will completely shut, with the division retailer chain’s last closing down sale due to end following month.

Web-sites in Hounslow, Iflord and Sutton are among people that will close in May perhaps.

A winding down of the firm’s stores was announced in December after no rescue deal was secured for the struggling substantial street business. But soon after that a nationwide lockdown came in, ‘non essential’ vendors shut web pages and have been only allowed to welcome customers back from April 12.

The web-sites are buying and selling for a limited range of months till the inventory in the retailers is fully cleared.

Online fashion organization Boohoo in January acquired all of the mental home property (like consumer info and connected business enterprise facts and selected contracts) of Debenhams from its joint directors, in a £55 million deal. But physical retailers had been not portion of the acquire.

Debenhams stores will get started to shut permanently from May 2, with the stock clearance completed and ultimate retailers envisioned to close by Might 15.

The closure date for 27 of the merchants has now been supplied:

Debenhams stores closing on Might 2

Debenhams merchants closing on Might 4

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