Page 66 - Economy

Slack in economy, not the right time to change policy course: RBI Governor

Shaktikanta Das tells TV channel that capacity utilisation is nowhere near pre-pandemic levels

Weak China economic data halts winning streak for European stocks

Mining, oil stocks among top decliners

Saudi Arabia's economy returns to growth after pandemic slump

The data, which showed the economy growing 1.5% from a year ago, prompted economists to expect faster expansion in the second half of the year with the oil sector benefiting from higher output.

Kerala will not cut down on public spending, says FM Balagopal

He also warned that "we're in a time that's worse than the Great Depression, and my fear is that we may face more difficulties going forward".

The 150-year trend that could help

Commercialisation of leisure could be the solution to many economic problems

Maharashtra govt committed to keeping economic cycle moving amid Covid: CM

Maharashtra Chief Minister Uddhav Thackeray on Sunday said the state government was committed to ensuring that the economic and development cycle keeps moving despite the Covid-19 pandemic.

European economy grows 2% in second quarter, ending double-dip recession

But the economy in the 19 countries that use the euro currency still lagged pre-pandemic levels

Japan eyes fresh stimulus package as new curbs weigh on growth

Lawmakers have escalated calls for a new relief package

Second Covid wave may have more lasting damage on economy: Moody's

With regard to vaccination, Moody's Analytics, which is a financial intelligence company, said India is struggling to accelerate its pace of inoculation.

Govt's excise collections on petrol, diesel jump 88% to Rs 3.35 trn

To a separate question, the Minister of State for Finance Pankaj Chaudhary said excise collections in April-June this year totalled Rs 1.01 trillion.

Bank of England is 'addicted' to bond-buying, says Lords panel

The BoE must spell out more clearly why it is not reining in its huge stimulus in the face of rising inflation, the Economic Affairs Committee in the House of Lords, said in a report

Pak may not be able to meet needs of rapidly increasing population: Experts

Amid alarming population growth in Pakistan, experts have warned that soaring headcount poses a greater threat and country may not be able to meet the needs of its rapidly increasing population

India's data deficiency

Govt should collect and release timely economic data

Economy likely to see cyclical upturn, says DSP Investment Managers' Sambre

'This may be driven by enhanced government spending in core areas,' says Vinit Sambre, head - equities and fund manager, DSP Investment Managers

Think the global minimum tax will bite? Watch the stock market for clues

The measures announced by the Group of Seven nations represent a plan to reduce the profits of major multinational companies.

Retail inflation for industrial workers eases to 5.14% in April

Retail inflation for industrial workers marginally eased to 5.14 per cent in April compared to 5.64 per cent in March, mainly due to lower prices of certain food items. "Year-on-year inflation for the month (April) stood at 5.14 per cent compared to 5.64 per cent for the previous month and 5.45 per cent during the corresponding month of the previous year," the labour ministry said in a statement on Monday. According to the statement, food inflation stood at 4.78 per cent in April against 5.36 per cent in the previous month. The same was at 6.56 per cent in April 2020. The All-India CPI-IW (Consumer Price Index-Industrial Workers) for April 2021 increased by 0.5 points and stood at 120.1 points from 119.6 points in March. In terms of one-month percentage change, it rose by 0.42 per cent in April compared to March this year while the increase was 0.92 per cent as against the same period a year ago. The maximum upward pressure in current index came from Food & Beverages group ...

Ditching Olympics can further damage Japan's recession hit economy

Not holding the games on top of an extended emergency could knock back growth this year by as much as 1.7 percentage point, says economist.

Pak blueprint for bilateral ties with US based on economy, not security

Seeking a "paradigm shift" in its ties with the US, Pakistan's National Security Adviser Moeed Yusuf has presented to his American counterpart Jake Sullivan a blueprint to enhance bilateral relations not based on security and defence but focusing on economy and trade, according to a media report on Wednesday. Yusuf, who was appointed as the National Security Adviser (NSA) this month, met Sullivan on Sunday in Geneva. In a first in-person high-level meeting, the Pakistani and the US NSAs held wide-ranging talks on the bilateral, regional and global issues of mutual interest. Breaking from the past practice, Yusuf presented the Pakistani plan, seeking bilateral cooperation with the US not based on security and defence but economy, trade and business. Sources familiar with the development told The Express Tribune that Pakistan is seeking a "paradigm shift" in its approach as far as ties with the US are concerned. The relationship between Pakistan and the US has often been seen as ...

Japan's economy shrinks, raising fear of double-dip recession

Gross domestic product contracted an annualized 5.1% from the previous quarter, ending six months of double-digit growth, as businesses cut investment, government outlays fell

Japan's economy shrinks 5.1% during Jan-March as pandemic dries up spending

The Japanese economy contracted at an annual rate of 5.1 per cent in January-March, slammed by a plunge in spending over the coronavirus pandemic, according to government data released Tuesday. The Cabinet Office's preliminary seasonally adjusted GDP, or gross domestic product, showed household consumption dropped at an annualized rate of 5.6 per cent, while government spending declined 6.9 per cent. Gross domestic product is the sum value of a nation's products and services. The annualized rate shows what the rise or drop would have been if that same pace had continued for a year. Much of Japan has been under a state of emergency, centered around early closures of restaurants and bars, to curb the spread of the virus at places where crowds gather. Still, COVID-19 illnesses and deaths have been rising amid one of the slowest vaccine rollouts in the developed world. About 4 per cent of the population has gotten at least one shot so far. Analysts say a more thorough vaccination effo