Page 13 - Economic Slowdown

Kashmir can be a model for sustainable economies of tomorrow: Haseeb Drabu

Haseeb Drabu was the Finance Minister of Jammu and Kashmir from 2015 to 2018. He tells Aditi Phadnis the government needs to cast a fresh eye on the state's economic development

Monetary Policy Committee is just a cosmetic addition, not suited to India

Tackling inflation with monetary policy is like trying to move boulders with eyebrow tweezers

Q1 GDP data released today: Key things to note

This is the first instance of an economic contraction for the country in at least four decades, and also the first GDP decline since India began publishing quarterly numbers in 1996

First economic contraction in 4 decades: India's GDP shrinks 23.9% in Q1, FY21

The first economic contraction since 1980, and maiden quarterly GDP fall on record, follows limited activity during the June quarter amid lockdowns to control the spread of the coronavirus pandemic

Japan factory output rises but retail sales down amid fragile recovery

But retail sales fell for a fifth straight month and at a somewhat faster pace, a worrying sign for private consumption, which accounts for more than half of the world's third-largest economy

Agri sector silver lining for FY21 amid economic slowdown: NABARD chief

Chintala said one of the prescriptions for lifting the economy out of a slowdown was to put in place a strategy that leverages its latent strength

Unlock BFSI 2.0: Economy reviving, no need to extend moratorium, say SFBs

Heads of top small finance banks stress on the need to be more flexible in the current scenario and back 'emotional banking'

Q1 snapshot of the Indian economy: Attaining recovery will be a long haul

The severity of contraction in economic activities due to Covid-19 is declining, but sustainable recovery is far away still. A K Bhattacharya explains the problems and positives for the Indian economy

Marking out the markets as coronavirus makes economic recovery uncertain

While coronavirus cases keep rising in India, there could be more lockdowns to contain the coronavirus as the economy sputters back to life. Devangshu Datta predicts where the markets could be headed

Oil prices bolstered by bigger-than-expected drop in US crude stocks

Brent crude was up 15 cents, or 0.3%, at $44.65 a barrel by 0206 GMT, after falling around 1% on Tuesday

Reserve Bank's silence on record India bond sales leaves traders baffled

The yield on the India's benchmark 10-year bond has stayed around 5.80 per cent since mid-May after falling by more than 70 basis points this year

Telcos defy Covid-19, see strong revenue growth on higher data usage: Fitch

Revenue market share continues to consolidate with Reliance Jio and Bharti Airtel as Vodafone Idea loses 10 million users per quarter

Oil prices slip on uncertainty over US recovery, stimulus, rising Covid-19

WTI and Brent are both set for weekly gains of at least 4%, the most for the two benchmark contracts since the week ending July 3

RBI's silence on bond purchases may have left traders disenchanted

The RBI held the repurchase rate at 4 per cent, as it chose to wait for inflation to cool before adding to steps aimed at supporting a fragile economy

Covid-19 impact: Services PMI rises but fails to break out of contraction

Downturn grips sector as job loss, low export orders and poor domestic demand distress companies

Indonesia's economy contracts for the first time since 1999 in Q2

The economy had been expected to shrink 4.61%, according to a Reuters poll of economists, after growing by 2.97% year-on-year in the first quarter

Federal Reserve policymakers call for fiscal support to save US economy

The calls for increased government intervention came as US lawmakers and the White House resumed talks on a new government relief package

Factory output takes hit as demand falls; PMI manufacturing at 46 in July

A further decline in new orders and output signaled weakness in overall demand despite factories again cutting their prices, leading firms to reduce their workforces for a fourth month in a row

Coronavirus provides opportunity for a new imagination: Rahul Gandhi

Rahul Gandhi was speaking to Bangladesh Grameen Bank founder Muhammad Yunus

US economy likely suffered historic plunge in Q2; outlook grim due to virus

Federal Reserve Chair Jerome Powell on Wednesday acknowledged the slowdown in activity