NewsX: Finance Minister briefs Media on the Economy
- 5 years ago
As the government cheers its 1 lakh crore game changer Food bill. The rupee is scared over its repercussions on the economy. Indian Rupee fell to a new low of 65.71 against the dollar after the Lok Sabha passed the crucial bill which might put pressure on the high current account deficit.
Even the markets felt the jitters both Sensex and Nifty crashed in opening trade and are still trading with huge losses. The government has budgeted an additional 230 billion rupees annually for the program on top of the existing 900-billion-rupee food subsidy bill.
--
For More information on this news visit : http://www.newsx.com/
Connect with us on Social platform at : http://www.facebook.com/newsxonline
Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive
Even the markets felt the jitters both Sensex and Nifty crashed in opening trade and are still trading with huge losses. The government has budgeted an additional 230 billion rupees annually for the program on top of the existing 900-billion-rupee food subsidy bill.
--
For More information on this news visit : http://www.newsx.com/
Connect with us on Social platform at : http://www.facebook.com/newsxonline
Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive