Page 1595 - Economy & Policy News

India's 10-year growth one of the biggest laggards in Asia, EM peers

The data for East Asia & Pacific, excludes high income countries such as Japan, South Korea, Taiwan, Hong Kong, Australia, and New Zealand

S&P retains India's GDP forecast at 9% contraction for current fiscal

The RBI in October projected India's economy to contract by 9.5 per cent this fiscal.

Organised F&G retail's FY21 revenue expected to decline by 5-10%: Ind-Ra

The ratings agency attributed the decline on Covid-19-led business disruptions and general economic slowdown

India's office market to remain resilient in 2021, says Knight Frank

In particular, it pointed out that Bengaluru has the benefit of existing low vacancies that will enable absorption of much of the upcoming supply

As recession hits nation, dedicated freight corridor may get operational

Augmenting freight operations through better marketing, cheaper tariff and discount packages has been on the railway agenda

Farms to factories and back

Usually, in the June quarter, the GDP shrinks by about 3-4 per cent compared to the previous quarter. This is because there is seasonality in the GDP series

Bengaluru office mkt to see rent spike; Mumbai, Delhi stable: Knight Frank

Bengaluru has low vacancies that will enable absorption of upcoming supply. Its rentals are lower than global markets and its large talent pool should help quicker market revival

Office space leasing by co-working players to fall 58% in 2020, says report

At a juncture when co-working spaces were seeing strong growth, the outbreak of Covid-19 has played spoilsport.

OMCs pause petrol, diesel price hike after a consistent rise in past week

Oil marketing companies held back the increase in the prices of petrol and diesel, much to the relief of consumers who have faced consistent increase in auto fuel prices in the past week

While US, Europe rebound, India yet to find firm ground as economy shrinks

The new figures firmly ensconced India's position among the world's worst-performing major economies, despite expansive government spending designed to rescue the thousands of small businesses

RBI likely to pause rate this fiscal, take call on liquidity surplus

Economists say inflation would average above 6 per cent this fiscal, and is unlikely to come down below 5 per cent before March.

Artillery import embargo put off, doors open for Rs 23,700 cr Israeli guns

With the ATAGS priced at about Rs 15 crore per gun, an order for 1,580 ATAGS would generate business worth Rs 23,700 crore for the Indian defence production eco-system

State of the economy: Entering technical recession but recovering

The Covid-19 pandemic chipped away nearly one-sixth of India's real output in H1

IIT Placements: Microsoft may match its top offer last year of Rs 1.2 cr

Placements to begin virtually on December 1 as software giants take lead

Northern India grows at five times the pace of overall FMCG markets in Q3

Increase of 4.6 per cent reported in September quarter versus 0.9 per cent all-India; rural contributing to growth

CBIC tightens noose on those issuing fake GST invoices without Aadhaar

Those who have been given registration without Aadhaar authentication would be taken as deemed registration.

Coronavirus, demand shortfall hit India's renewable energy dreams

The industry would have lauded his insistence on having a green future, but the facts on the ground tell a different story.

Farmers reject Centre's offer for talks, say will block all roads to Delhi

PM defends farm laws, says these opened doors of opportunities for farmers

PLI expansion, duty remission on table at trade meeting over FTP

The five-year policy will be crucial in the post-pandemic era as India focuses on reviving economic activities

Q2 GDP impact: Experts scale up full-year projections for FY21

While the economy will still see a fall in FY21, it is likely to be less pronounced than what experts had forecast earlier