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India can grow in double digits with expansion of manufacturing base

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3 months ago

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Anurag thakur


India can grow in double digits with expansion of manufacturing base – Anurag Thakur

Union Minister Anurag Thakur said on Saturday that India has the potential to achieve double-digit growth through a healthy dose of digital services and manufacturing base expansion, which will be driven by rural sector, youth and demand.
The Minister of State for Finance said that in the last six years, the Modi government has made continuous reforms which have brought significant changes.

Anurag thakur

Anurag Thakur said, “Now all indicators point to stable and stable economic conditions – from inflation to fiscal deficit, foreign exchange reserves to current account deficit, from GDP growth to financial inclusion.” Talking about the recovery post unlock, he said, it is broad based and does not come only from the agricultural sector. “We have seen a tremendous improvement in passenger vehicle sales, 2-wheeler sales, oil consumption, steel production, cement production, international air cargo in other sectors,” he said.

Due to the gradual and thoughtful unlocking of the lockdown and the resumption of business activities in the second quarter, he said, “We are looking at a strong economic revival based on strong fundamentals and structural reforms.” Anurag Thakur, who was awarded an honorary membership of the Institute of Company Secretaries of India (ICSI), said that India is building a favorable ecosystem for enterprises and entrepreneurs that will emerge as major global players. .

Anurag Thakur said that Prime Minister Narendra Modi’s Atmanbir India’s economic strategy is not only for self-sufficiency, but stability in all areas.

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Lender of England’s Andrew Bailey admits FCA did not do enough to protect victims of LCF minibonds

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2 days ago

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March 26, 2021

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Bank of England’s Andrew Bailey admits FCA did not do enough to protect victims of LCF minibonds

Bailey was responding to penned thoughts from the Treasury Select Committee just after he testified about his function in the regulator’s failures to protect the 11,300 largely elderly victims of the LCF collapse.

Answering what have been the “lessons learned”, he wrote that the FCA experienced prioritised large expense credit history due to the fact it took the check out that the likely harm these loans pose to vulnerable individuals was the best.

Even though he brought in procedures identified as NRRS demanding merchandise like LCF’s minibonds must only be bought to rich or advanced buyers, it had proved not to be more than enough to shield people today who fell outside the house those people types.

“I believe that the end result on large cost credit has been a substantial reward for all those who were, and would have been victims, but LCF has raised severe thoughts on the efficiency of the NRRS rules with attendant classes.

“As a final result, the FCA has banned internet marketing of these types of large risk investments.”

Quite a few of the victims of the LCF collapse say they ended up neither refined nor wealthy. Quite a few ended up elderly and economically naive.

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