Covid fiscal support ‘modest’, direct govt spending at 1.2% of GDP: Moody’s

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    New Delhi, Oct 15 | Centre’s latest measures aimed at inducing consumer demand have been termed as too less and also quite late given the impact the pandemic had on the economy.

    Moody’s Investors Service has said that even if the latest measures are combined with the economic package announced in May, the size of the measures remains modest.

    A Moody’s report noted that that the second round of fiscal stimulus amounts to just 0.2 per cent of the country’s real GDP forecast for the financial year 2021.

    Notwithstanding the fiscal prudence of the measures, the small scale of the stimulus highlights limited budgetary firepower to support the economy during a very sharp contraction, a credit negative, it said.

    “In total, the two rounds of stimulus bring the government’s direct spending on coronavirus-related fiscal support to around 1.2 per cent of GDP. This compares with an average of around 2.5 per cent of GDP for Baa-rated peers as of mid-June,” it said.

    As per Moody’s India’s very weak fiscal position has constrained its scope for discretionary stimulus spending in response to the coronavirus shock.

    “We expect the general government debt burden to peak at around 90 per cent of GDP in 2020, up from about 72 per cent of GDP in 2019, which is significantly higher than the Baa median of around 59 per cent. The large debt burden is driven by chronically wide fiscal deficits.”

    While the latest stimulus will spur consumer spending over the near term as coronavirus-related restrictions continue to be eased and India’s festive season begins, the support to growth will be minimal, it noted.

    It forecasts growth to rebound to 10.6 per cent in the next financial year, reflecting the comparison with the low GDP levels of 2020 as economic activity gradually normalizes.

    “Over the medium term, we expect growth to settle around 6 per cent, with downside risks due in part to ongoing stress within the financial system. A series of recent agricultural sector and labor law reforms, which were announced as part of broader structural reforms and approved by India’s parliament in September, could provide support to medium-term growth, if implemented effectively,” it added.

    Source: IANS

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    Social Media Expert And Founder Of Aapno Rajasthan Durgesh Dhaker Gives His Two Cents On Growing One's Reach Online

    Social Media Expert And Founder Of Aapno Rajasthan Durgesh Dhaker Gives His Two Cents On Growing One's Reach Online

    “Work and you’ll get what you need; work harder and you’ll get what you want”.

    The above-mentioned quote speaks volumes about the courage of those who have made substantial breakthroughs in their life with hardwork and dedication.

    One such committed individual who is preparing several notable names with their social media reach is Durgesh Dhaker. An agile and someone who keeps himself upbeat with the happenings in the country, Durgesh has acquired expertise in carving the social media strategies for various stalwarts. He is also the founder of Aapno Rajasthan

    facebook page with more than 1 million likes which he gain within very short time with his expertise.

    Coming from the beautiful city of Chittorgarh in the land of Rajasthan, Durgesh Dhaker is making his parents and fellows pride of his strides and success acquired through hustling with perseverance. His social media expertise enables him to give his top tips for growing one’s social media presence, it is as below-

    1-Create a network

    Social media comprises of a huge number of people who need to build their reach, subsequently, it turns into a fiercely cutthroat spot where every individual is attempting to draw in mass consideration, thus it is basic that we upgrade our activities to pick a specialty which suits our inclinations, it ought to be something that you are prepared to deal with for quite a while of your life.

    Zero in on making an intuitive substance that can be discovered when somebody looks for it, the most ideal approach to do is to is utilize significant hashtags on Facebook, Twitter, etc.

    2-Create steady, quality posts that are relatable

    Today, the web has enough data however we can help our supporters discover quality data that isn’t excess by posting relatable substance according to our niche, recall, forthright, valuable, and quality substance is as yet restricted on the web, consequently assuming you give individuals what they are searching for reliably, gradually and slowly, you will see considerable development in individuals who follow you.

    3-Social media showcasing/connecting websites

    Social media marketing is perhaps the most ideal approach to get ideal reach online, to see speedy outcomes, posting cool videos, and opinion on the latest happenings are some methods which can be deployed. If one has a website on their name or related to their field of work then those can be attached on social media profiles to promote them better.

    In a nutshell, we can conclude that, according to Durgesh Dhaker, the top way to grow your social media presence is by being relevant and consistent with the content that is suited to the tastes of your target audience, linking several web pages and blogs to boost traffic and last but not the least correct marketing of your content that can lead to conversions.

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