Page 12 - Economic Slowdown

Best of BS Opinion: Economic slowdown, auto sector recovery, and more

Here's a selection of Business Standard opinion pieces for the day

Covid-induced economic slowdown doesn't qualify as internal disturbance: SC

Supreme Court made the observation while quashing the notifications of Gujarat government which exempted factories from observing certain obligations towards workers

Postponement of MPC meeting sows doubts about the RBI's credibility

The RBI was forecast to keep its benchmark rate unchanged at 4% this week, reflecting the persistence of inflation above its 2% to 6% target

Even as Covid-19 rages, Indian economy's animal spirits are stabilising

Five of the eight high-frequency indicators compiled by Bloomberg News gained last month, while two were unchanged and one deteriorated

Covid-19: As regulators ease rules for firms, investors aren't taking it easy

Companies battling to get in shape after a nationwide lockdown to contain the coronavirus pandemic devastated the economy have been helped by regulators, but investors are worried. Should they be?

Covid-19: Indian banking system to be among the last to recover, says S&P

Path to recovery will be more painful and banks' recovery to long-term averages for key asset quality and profitability ratios will take years, it added

IMF official warns coronavirus will weigh on some economies for years

The Fund has provided some $90 billion in total financing to 79 countries, including 20 in Latin America, since the start of the health crisis

We may go terribly right or wrong, says 15th FC chairman N K Singh

Singh told Arup Roychoudhury and Indivjal Dhasmana that the Commission could recommend spending 2.5 per cent of GDP on health in the light of the Covid-19

New Zealand economy in deepest recession as second-quarter GDP shrinks

The Reserve Bank of New Zealand had forecast a quarterly and annual GDP decline of 14% in its August statement

Argentina unveils post-crisis budget with 5.5% economic rebound in 2021

Argentina's economy is in recession for the third year in a row, with a central bank poll predicting a 12% contraction in 2020

Asian economy to shrink, first time since 1960s, thanks to Covid-19: ADB

In India, where lockdowns have stalled private spending, GDP will shrink by 9% this year, sharply down from June's forecast of -4%

Indian economy to shrink by 9% this fiscal: Asian Development Bank

India's economy is expected to contract by 9 per cent this year -- worse than the 4 per cent contraction it had forecast three months ago, the Asian Development Bank (ADB) said on Tuesday

Oppn demands discussion in Lok Sabha on standoff at LAC, economic slowdown

Birla told reporters after the meeting that the leaders of all parties have assured their support for the smooth functioning of the House

Inflation targeting: Indian experience may have lessons for the world

Rather than butting heads with the fiscal authority, or meekly toeing its line, the central bank should insist on pragmatic, rules-based cooperation

Weak demand continues to be a main challenge for companies: Survey

More companies (5 percentage points) now expect the economy to come to normal levels in one year than in June

What slowdown? Amazon set to hire 33,000 people over the next months

In the latest sign of how it's prospering while others are faltering during the pandemic, Amazon said it is seeking to bring aboard 33,000 people for corporate and tech roles in the next few months

Will India's growth potential slip below rates achieved in 1980s and '90s?

The forces causing the growth slowdown and rising inequality were there before Covid-19, and these trends are now getting accentuated, writes T N Ninan

Signs of economic revival as UP revenue collection jumps 6.74% in August

After sluggish mop up in April and May, state earnings have been improved with revenue collection in July at Rs 10,675 crore, or 97% of the level achieved the same month a year ago

A social contract for economic recovery

The case for cooperation on GST

India reeling under 'Modi-made disasters': Rahul on economic slowdown

Chief Economic Adviser K V Subramanian has said the economy was "experiencing a V-shaped recovery" after the lockdown was eased