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Need to increase investment in science to 1.2% of GDP in 3 yrs

Thursday, April 4, 2019, 2:56 PM

Niti Aayog member V K Saraswat Thursday made a case for increasing the spending in science to 1.2 percent of GDP in the next three years and said scientific research institutions have been asked to focus more on transformational research. Saraswat further noted that the government wants to promote research in basic sciences provided it should lead to economic growth.
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India's GDP growth seen at 6.7-7.2% in 3rd quarter

Thursday, February 28, 2019, 1:13 PM

The Indian economy is likely to have grown at a slower pace of 6.7-7.2% in the third quarter of FY19, independent economists said. The moderation is in line with an expected slowdown in the second half of the financial year. The economy had grown 7.1% in the second quarter and 8.2% in the first quarter, logging 7.6% for the first half.
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Piyush Goyal for printing currency to finance deficit

Sunday, February 10, 2019, 10:16 PM

Noting that finance ministers all over the world are perennially in search of revenue to balance government budgets, Union Minister Piyush Goyal favoured printing currency as-a-way of deficit financing, citing the example of US. Mr Goyal's remarks follow his presentation of interim-Budget 2019-20 earlier this month, which contained major largesse for stressed-agriculture-sector as-well-as tax sops for middle class with implications for the fiscal deficit.

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