Page 7 - Economic Slowdown

Karad slams Thackeray, Maharashtra FM for not attending pre-budget meetings

MoS Finance Bhagwat Kishanrao Karad slammed Maharashtra CM Uddhav Thackeray and State FM Ajit Pawar for not attending pre-budget consultation meetings called by Nirmala Sitharaman

BS BFSI INSIGHT SUMMIT | What will be the shape of growth: U, V, W or K?

Watch Business Standard's BFSI Insight Summit as the best minds of the industry engage in a stimulating conversation on the state of the Indian economy and its revival. >

HUL to Relaxo Footwears: Analysts upbeat on consumption-related stocks

Changes in the income-tax, likely good monsoon and the on-going above normal Rabi acreage along with higher MSPs are the key triggers analysts are betting on for the consumption revival

Rs 6-trillion monetisation plan: Modi govt's ambition in a minefield

Given the record of past blunders, under-achievements, vulnerabilities and the manifest influence of stigmatised capital, what India might get is yet another school for scandal, cautions T N Ninan

Growth optimism: Will govt's own investment and exports be enough?

A step jump in medium-term growth rates, of the kind projected, needs all four engines of the economy to be firing. But the govt seems to have bet on just two, writes T N Ninan

Strong fundamentals, market size will attract foreign investments: FM

India's strong fundamentals and market size will continue to attract market-seeking greenfield investments, Finance Minister Nirmala Sitharaman said in a written reply to Lok Sabha

India's new industrial policy doomed to fail, to cost the country billions

India's haphazard foray into industrial policy is going to fail, just as "Make in India" did

Wholesale inflation eases to 12.07% in June despite spike in fuel price

Wholesale inflation came in at (-)1.81% in June 2020, due to the implementation of a stringent nationwide lockdown

India's June WPI inflation eases to 12.07% despite rise in fuel prices

India's annual wholesale price inflation eased to 12.07% in June from the previous month's record of 12.94%, despite a spike in costs of fuel and manufactured goods

BS Number Wise: How many years have we lost to coronavirus?

One measure is the change in gross domestic product (GDP). The pandemic chipped away 7.3 per cent of India's real GDP in 2020-21

Vijayan's 100-day action plan to tide over Covid induced economic slump

Kerala Chief Minister Pinarayi Vijayan on Friday announced a 100-day action plan to help the state tide over the economic slowdown triggered by the second wave of the COVID-19 pandemic. The plan will focus on increasing agricultural production, generating quality employment and augmenting health infrastructure, among other things, and would be implemented between June 11 and September 19. The aim is to enable the building of a knowledge-based economy with a focus on science and technology and skill development, Vijayan told reporters here. "The emphasis will be on policies and schemes to advance the achievements of health, education and social security, accelerate economic growth and create quality employment. "Utmost importance will be given to poverty alleviation, elimination of economic and social inequalities, implementation of eco-friendly development perspective and adoption of modern solid waste management practices conducive to a healthy urban life," he said. In addition t

Japan upgrades first-quarter GDP on smaller hit to domestic demand

The economy declined an annualised 3.9% in January-March, not as bad as the preliminary reading of an annualised 5.1% contraction

May Services PMI shrinks to 46.4 vs 54 in April; lowest level since Aug

Overall demand contracted at the sharpest rate since August, with foreign demand shrinking at the fastest pace since November

Govt should heed to advice of economists, increase spending: Congress

The Congress on Tuesday asked the government to reverse its "disastrous" policies and heed to the advice of economists by printing more money and increase spending and not let another year go waste

India's economy likely accelerated in Jan-Mar, before Covid-19 wave: Poll

But the second wave of infections and deaths across the world's second-hardest hit country has caused forecasters to trim their projections for the coming months

Economy since 2009: Fact and Fiction?

While many contemporary economists seem to have lost interest in economic history altogether, those born before 1980 have turned most unbecomingly partisan

The discourse on the economy has been hijacked by the bond market types

If you take the trouble to collect the whole set of things that have been done - you need go no further than the finance ministry website - you will realise how pathetic the discourse has been

10,113 firms voluntarily shut operations during Apr 2020-Feb 2021: Govt

Over 10,000 companies shut down voluntarily from April 2020 till February this year, also a period when the coronavirus and subsequent lockdowns had significantly disrupted economic activities

Central banks face jumpy bond market with 10 days of policy decisions

While policy makers welcome a modest rise in bond yields as a signal of confidence in the economic outlook, they worry an unchecked jump would undercut recoveries

Average salary up by 4% as IIM Calcutta records 100% placements

Several recruiters from manufacturing sector, power, services and government firms among others comprised the set of recruiters