Page 39 - Economic Slowdown

RCEP outcome shows our lack of confidence

Many factors have contributed to the doubts about our ability to reap the benefits under RCEP

Moody's rating action and the Rs 28 trn revenue push

Penalising banks for past actions is not the best way to make the financial markets work better

Another sign of economic slowdown: India's power need shrinks for 3rd month

The slump began in August when the power requirement dropped for the first time in more than two years

Best of BS Opinion: Govt denial, inadequate response not helping economy

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

Nomura slashes India's FY20 GDP forecast to 4.9% from 5.7% earlier

While there have been a rash of growth estimate cuts, including a 0.70 percentage points reduction by the RBI last month to 6.1%, the Japanese brokerage's estimate is so far the lowest

Economic Slump has bottomed out; expect revival from here: Govt official

The official said the government has been sensitive to the concerns of all sectors and has been proactively taking measures to address them.

Why experts feel Moody's outlook downgrade for India is unjustified

Economists say that though Moody's cut is not really justified at this point, the move is a grim reminder of the state of the economy and the need to accept that all is not well

Economic disaster began with demonetisation; it ruined lives: Mamata

West Bengal Chief Minister Mamata Banerjee on Friday said the Centre's move to demonetise high- value currency notes on this day in 2016 was a futile exercise which had a negative impact on the country's economy. Banerjee, on the third anniversary of note ban, asserted that she knew from the very beginning that the decision would ruin millions of lives. "Today is the third anniversary of #DeMonetisationDisaster. Within minutes of announcement, I had said that it will ruin the economy and the lives of millions. Renowned economists, common people & all experts now agree. Figures from RBI have also shown it was a futile exercise," the chief minister tweeted. "Economic disaster started on that day and look where it has reached now. Banks stressed, economy in a complete slump. All affected. From farmers to the young generation to workers to traders, housewives... everyone is affected," she added. Banerjee, during her campaign for the Lok Sabha elections, earlier this ...

Economy's fundamentals remain robust: FinMin on Moody's change in outlook

Quoting IMF's latest World Economic Outlook, the finance ministry said that the Indian economy is set to grow at 6.1 per cent in 2019, picking up to 7 per cent in 2020

Minimum wage macroeconomics

When relative prices do not serve the national good, then there is a case for government intervention, especially when distorted relative prices are a driver of macroeconomic slowdown

Despite stalled projects, India ranks second in number of affordable homes

According to the survey, China tops the list with 74% of polled Chinese saying they can buy homes

Start-ups play crucial role, giving growth impetus to economy: KPMG report

The report said the golden triangle of government, private sector and academia are important players who can provide the impetus needed to grow the start-up eco system

FM Sitharaman to review state of economy at FSDC meeting on Nov 7

The meeting will review the current global and domestic economic situation and financial stability issues, including those concerning banking and NBFCs, sources added.

Opposition rally to protest against economic slowdown, agri crisis on Dec 1

Congress has already started its mass agitation in all districts of the country from November 5, which will continue till November 15 against 'rising unemployment, sinking economy and farm distress'.

Holdings of gold-backed ETFs hit a new all-time high of 2,855.3 tonne in Q3

Further the report noted that central banks added 156.2 tonne to reserves in Q3, falling 38 per cent in comparison to the record Q3 last year.

Rate cut is the only way out of economic slowdown, feel analysts

Bank of America Merill Lynch expects the RBI to slash rates by 25 basis points (bps) in its December monetary policy review and follow it up with another 15 bps cut in February 2020

Gold demand dips 32% to 123.9 tonnes in Q3 on price rise, slowdown: Report

In domestic market, gold prices had peaked to Rs 39,011 per 10 grams in September and are now ruling at Rs 38,800 per 10 gram.

Govts tend to suppress data when it is on shaky grounds: Joseph Stiglitz

"The data that I have seen reinforces very strong concerns about the Indian economy," says Stiglitz

India's RCEP foray may prove disastrous for domestic industry: Expert

The limited number of industries that have called for India to join RCEP need to address their own structural issues.

BFSI, FMCG, tech sectors remain resilient to layoffs: Experts

Top banks like HDFC Bank and Axis Bank are slated to add around 10,000 jobs in the next 9 to 12 months