Browsing Tag
economic slowdown
142 posts
‘Can’t burden workers’: SC grants overtime wages amid Covid-19
New Delhi, Oct 1 : The Supreme Court on Thursday said the burden of economic slowdown cannot be…
Rural economy still strong on record procurement of farm produce: PM Modi
During the virtual launch program, Modi also interacted with three Primary Agriculture Credit Societies from Karnataka, Gujarat, and Madhya Pradesh.
Sonia Gandhi chairs Lok Sabha MPs’ meet ahead of monsoon session
The party plans to raise the Narendra Modi government's "mishandling" of Covid-19 crisis as the main issue. The other issues to be raised are India-China stand-off, rising petrol and diesel prices, and impact of lockdown on industries.
In latest attack on govt, Rahul Gandhi highlights NPAs, says was ridiculed
Rahul Gandhi has been leading his party’s sharp criticism of the central government over a host of issues, including the June 15 standoff between the Indian and Chinese soldiers.
Why was Rajiv Bajaj asked not to speak to Rahul Gandhi
“The first reaction (of the person who discouraged Bajaj from speaking) was no no. Don’t do that. This can get you into trouble.”
Was advised not to speak to Rahul, claims Rajiv Bajaj
New Delhi, June 4: During conversation on the economic fallout of the lockdown due to Covid-19, industrialist Rajiv…
Freefall: Slowdown, pandemic pulls India’s FY20 GDP growth rate to 11 yr low
New Delhi, May 29 : The general economic slowdown, along with the impact of the global Covid-19 pandemic,…
Economic damage for India from lockdown to be significant: Moody’s
Moody's estimates that economy is also expected to recover somewhat more strongly in fiscal 2021-22 relative to an earlier forecast of 6.6% growth.
Oil prices fall further, WTI hits $15/barrel on low demand
The current market is oversupplied on shrinking demand creating a situation of free fall for crude.
Rahul Gandhi asks govt to protect domestic industries from foreign takeover
The Congress said as per the Assocham estimate the industry needed Rs 15-23 trillion support. The FICCI has put the figure at Rs 9-10 trillion.
Coronavirus pandemic to render 18.5mn jobless in Pak
Islamabad, April 3 : The Pakistan government has estimated that 12.3 million to 18.5 million people in the…
Is global recession likely in 2020?
A recession is a macroeconomic term that refers to a significant decline in general economic activity in a…
Don’t be afraid of my questions on employment: Rahul to FM
I am asking it on behalf of youths, and replying them is your responsibility. The youth of the country needs jobs and your government has failed miserably in providing jobs."
Economic Survey has no connection with reality: Congress
"After failure of Modinomics, a new word Thalinomics has been coined while the 'thali' of the common man is empty as the food inflation is at 14.12 per cent," said Vallabh.
Nothing in data that say we couldn’t be in recession: Abhijit Banerjee
Kolkata, Jan 27: Nobel laureate Abhijit Vinayak Banerjee on Monday said that while there is nothing in the…
IMF blames India for ‘lion’s share’ of cut to global growth projection
United Nations, Jan 20 Drastically slashing India’s growth estimate to 4.8 per cent for the current fiscal year,…
Consumer confidence plunges 7.3% in Jan 2020: Report
New Delhi, Jan 20 : Consumer sentiment has nosedived by 7.3 percentage points in January 2020, according to…
IMF cuts India’s 2019-20 growth rate to 4.8%
IMF’s chief economist, Gita Gopinath, had in December said India’s growth forecast was likely to be revised down “significantly” in the upcoming January review.
Walmart India sacks 56 senior executives, denies more layoffs
The company which operates nearly 28 wholesale stores in the country.
Auto expo to witness 60 launches; Jio, FB to attend
New Delhi, Jan 12 To re-attract consumers, the slowdown-dented automobile sector has lined up 60 launches, new technology…
Post 5% GDP growth estimate, India Inc seeks fiscal stimulus
On Tuesday, the Central Statistics Office (CSO) pegged the 2019-20 growth at an 11 year low of 5 per cent.
2019 – Roller coaster ride for publishers
What were the trends noticed in 2019?
Credit growth muted in Sep’19, gross NPA may rise by Sep’20
The RBI, however, said the financial system remains stable despite weakening domestic growth.
‘Market upbeat despite weak state of economy’
Mumbai, Dec 19 (IANS) While former Chief Economic Advisor Arvind Subramanian has recently described the Indian economy as…
Slowdown Saga: Nov auto sales decline by 12 %
New Delhi, Dec 10 : Domestic automobile sales continued to decline in November with the overall sectoral off-take…
KCR disputes Centre’s claim of no slowdown impact
Hyderabad, Dec 7 Telangana Chief Minister K. Chandrashekhar Rao on Saturday disputed the Centre’s claim that there is…
Opnion: Back to the book: RBI Policy Dec 2019
The Monetary Policy Committee (MPC) shocked expectations by keeping rates on hold. While not acting on Thursday, the…
Modi government ‘incompetent manager’ of economy: Chidambaram
New Delhi, Dec 5: Former Finance minister P Chidambaram directly attacked Prime Minister Narendra Modi for the economic…
RBI booster dose likely to spur India Inc’s animal spirits
Mumbai, Dec 3 : The Reserve Bank of India (RBI) is expected to administer another booster dose of…
Inventory adjustment, slowdown dent two-wheeler Nov sales
Mumbai, Dec 3 : Inventory adjustment along with economic slowdown continued to decelerate two-wheeler segment sales in November…
Economic Slowdown : Haryana Congress to hold Mega rally on Dec 14
New Delhi, Dec 2 The Congress on Monday will hold a key meeting of its Haryana unit to…
Who used to mock Manmohan Singh have pushed the economy to recession: Ahmed Patel
New Delhi, Nov 30 : Senior Congress leader and Rajya Sabha MP Ahmed Patel accused the Modi government…
Twitterati slams govt as GDP growth fell to its lowest in 6 years
"Nirmala Tai said there is an economic slowdown but there is no recession…Thik usi tarah jaise Heera Thakur Zeher wali kheer kha ke marne wala hi tha but at least uski Abhookh to miti."
Slowdown dents October Mergers and Acquisitions deal activity: Report
The report disclosed that while domestic deal segment saw a downtrend in terms of both volumes and value, the cross-border deals value almost doubled.
‘We have been urging govt to control economic slowdown’
New Delhi, Nov 21 : Congress General Secretary Priyanka Gandhi Vadra on Thursday hit out at the central…
Congress to raise issue of economic slowdown in Lok Sabha
The Congress has been protesting against the government on all these issues since November 5.
Winter session of Parliament to begin from Monday : Govt to bring Citizenship Bill
New Delhi, Nov 17: The Modi led government will take up the Citizenship (Amendment) Bill 2019in this winter…
BJP insulting people without knowing reality: Congress
New Delhi, Nov 16 : The Congress on Saturday slammed the BJP over an Union minister’s statement rejecting…
Report says 2QFY20 GDP growth may slip to 4.7%
Mumbai, Nov 12 : Even as the government continues to stress that economic slowdown is cyclical in nature…
Three years of demonetisation; Yashwant Sinha takes a jibe at PM Modi’s surgical strike on Indian economy
Delhi, Nov 8 : Former Finance Minister and senior BJP leader Yashwant Sinha, apparently taking a jibe at…
Moody’s downgrades India’s key financial institutions
The close links between the four companies and the government is the key reason why Moody's has changed the outlooks for these companies to negative from stable, after doing the same for the sovereign rating.
Economic slowdown biggest negative impact of DeMon: Survey
It has been three years since the Rs 500 and 1,000 notes were demonetised to curb the use of black money and fresh Rs 500 and 2,000 notes were released.
Sonia, Rahul to address rally after 10-day protest
State party leaders, general secretaries and states in-charge would participate in these programmes at district and block levels, he said.
Major media firms struggle to attract investor interest
Mumbai, Nov 2 : Indian media firms are struggling to attract investors and stocks of media firms, along…
Fall in GST collection indicates economic slowdown: Congress
New Delhi, Nov 2 The Congress on Saturday targeted the government over the fall in the Goods and…
Congress to hold 35 press conferences to target government
The party is also organising protests across the country from November 5-15 on the issues of Economic Slowdown, Unemployment, PSU disinvestment and Farmers distress.
Slowdown dims Dhanteras cheer, gold sales dip
Pankaj Khanna, MD & Founder, Gem Selections said his firm had witnessed huge increase in silver sale, but gold has been down this Dhanteras.
Amazon earnings fall for first time in two years
The retail giant's Cloud arm Amazon Web Services (AWS) reported revenue of $9 billion and operating income of $2.26 billion, 71.6 per cent of Amazon's total operating profit.
Home sales decline 25% in July-September: Report
New Delhi, Oct 17 : Housing sales across major cities declined 25 per cent during the July-September quarter…
State finances show worrying trend: Report
Total taxes collected by 17 states grew 15.8 per cent YoY in Aug'19, marking their fastest growth in eight months, as per the report.
Slowdown, government apathy affecting economy: Manmohan
Manmohan urged for setting up labour-intensive industries, among other measures, to tackle the economic crises.
Commercial credit growth slowed in Apr-June quarter: Report
The non-performing assets (NPAs) surged to 16.1 per cent in this period suggesting bank profits remain under pressure.
Banks’ “Worst” Time Under Manmohan -Raghuram, says Sitharaman after criticism for economic slowdown
New Delhi, Oct 16: Facing criticism from all quarters for the bad state of the India’s economy, Finance…
Retail inflation rises to 3.99 per cent in September
Retail inflation spiked to 3.99 per cent in September mainly due to higher prices of food items, government…
Nirmala Sitharaman’s husband hits out at Centre over slowdown, says govt in denial
Economist Parakala Prabhakar, Finance Minister Nirmala Sitharaman's husband, has slammed the Centre over economic slowdown while advising the BJP government to embrace the Rao-Manmohan Singh model.
Economy was strong under Manmohan Singh: Rahul
Mumbai, Oct 13 : Slamming the Bharatiya Janata Party (BJP) government for all-round failure on the economic front,…
Union leaders are making fun of poor: Kapil Sibal on Ravi Shankar Prasad’s statement on Indian economy
If the union leaders make statement like this then I understand that they don't consider the seriousness of current economic situation.
India’s fiscal deficit ‘conceals’ a lot, warns Raghuram Rajan
The country's growth slumped to a six-year low of 5% in the April-June quarter.
Economic slowdown causes 8% drop in wealth of Forbes’ richest Indians
New Delhi, Oct 11 : The past year has proved challenging for the India’s ‘wealth creators’ as Forbes’…
Aug factory output slumps to 81-month low; manufacturing shrinks
The growth has hit the lowest level in the last 81 months.
Infosys declares 160% interim dividend
Bengaluru: Global software vendor Infosys on Friday declared an interim dividend of Rs 8 per share of Rs…
‘Demonetisation exercise to 200 bps rate hike, cut 2% growth in 2016 Q4’
On November 8, 2016, the government of India unexpectedly declared 86 per cent of the existing currency in circulation as illegal tender.
US-China trade war taking its toll: IMF
The new IMF head said that trade disputes have now affecting multiple countries, as are other critical situations like Brexit.
IMF warns of economic slowdown in 90 per cent of world
Washington, Oct 8 : The new managing director of the International Monetary Fund (IMF) Kristalina Georgieva warned of…
Salary cut early in life may harm your brain health
New York, Oct 8 : Researchers have warned that young adults who experience annual income drops of 25…
Slowdown makes Bosch shut production for 10 days
The 68-year-old German subsidiary which was earlier known as Mico Industries, has 18 manufacturing sites and seven development and applications centres across India.
RBI rate cuts benefit only home, car buyers, not us: MSMEs
Chandrakant Salunkhe, Founder and President, SME Chamber of India said that banks are not passing on the benefits of lower repo rate and it was a serious matter of concern.
Realty sales fell in July-September 2019: Anarock
New Delhi, Oct 2 : Sale of residential apartments declined across major cities of the country during the…
Toyota car sales slip 18% in India
"In spite of higher exports, the total sales declined 17 per cent YoY to 10,911 units from 13,078 units a year ago," said the statement.
Maruti Suzuki India’s September sales down 24.4%
The auto major's exports last month were recorded at 7,188 units, 17.8 per cent lower than 8,740 units exported in September 2018.
India’s Q1 current account deficit narrows to $14.3 bn
Mumbai, Sep 30 : Lower crude oil prices, along with higher earnings from invisible trade such as services,…
August’s industrial output falls, first since April 2019
The cumulative growth in April-August period of FY20 was 2.4 per cent compared with 5.7 per cent.
India’s debt up 4% in first quarter of FY20: Congress
The government chose to give money to corporates, thinking they would invest. "But when there is no demand, who will invest?
Govt messed up macro-economy, should have axed IT: Subramanian Swamy
The situation has not improved as demand has not picked up, he said: "Because Finance Ministers in our BJP government don't know any economics. That's the problem."
Subramanian Swamy claims role in 1991 economic reforms
New Delhi, Sep 25 : Rajya Sabha member Subramanian Swamy on Wednesday claimed a role in the 1991…
Congress questions govt on price rise, unemployment
The unemployment rate is 8 per cent, which means 8 crore people are out of jobs, Mukherjee said.
Fiscal expansion and monetary ‘teasing’
The unexpected corporate tax cuts alongside previous measures announced over the last few days by the government amount…
Congress to foil bid to divert focus from serious issues
New Delhi, Sep 21 : The Congress has said it will raise the issues from which the Bhartiya…
Congress terms FM package an economic disaster
New Delhi, Sep 20 : The Congress has termed the financial package of Finance Minister Nirmala Sitharaman an…
Tax sops to boost stock market for Modi’s US trip: Rahul Gandhi
New Delhi, Sep 20 : Congress leader Rahul Gandhi on Friday took a swipe at the tax incentives…
Sensex slumps 470 points, Yes Bank down 15%
New Delhi, Sep 19 : The key Indian equity indices slumped over 1 per cent on Thursday with…
India to become $10 trillion economy by 2030-32: Rajnath
New Delhi, Sep 17 : Defence Minister Rajnath Singh said in New Delhi on Tuesday that the goal…
Supreme Court responsible for economic slowdown, says Harish Salve
Sep 17 : Senior advocate Harish Salve has blamed the Supreme Court for India for current economic slowdown,…
August merchandise exports down 6.05%, imports fall over 13%
New Delhi, Sep 13 : Sluggish global demand pulled India’s merchandise exports lower by 6.05 per cent in…
It’s a sign that you’re hiding real data: Rajan on Goyal faux pas
Goyal had inadvertently erred in attributing the theory of gravity to Einstein while asking the industry not to get into nitty gritties of calculations of economic growth, which requires a rate of 12 per cent to achieve the envisaged $5 trillion economy mark.
Congress to hold agitations in Oct over economic slowdown
New Delhi, Sep 12 (IANS) The Congress Party will organise a massive agitation across the country from October…
India doesn’t need propaganda: Rahul hits out at Centre
With the tweet, Rahul attached a news report of the interview of former Prime Minister Manmohan Singh dubbing flawed GST and demonetisation as the reason for the economic slowdown.
While India is witnessing economic slowdown, govt is busy in vendetta politics: Sonia
New Delhi, Sep 12: The economic situation is very grim. Losses are mounting. General confidence is shaken. All…
Tata Motors Group August global wholesales down 32%
Mumbai, Sep 12 (IANS) Tata Motors Group on Wednesday reported a decline of 32 per cent in August’s…
Economic crisis hits India’s poorest hardest, says Chidambaram
New Delhi, Sep 11: Senior Congress leader P Chidambaram thanked his followers for the immense support and expressed…
Auto, manufacturing firms shed one-third share value in a year
Latest data shows that automobile sales for the month of August hit the lowest since 1997-98.
Slowdown plunges August auto sales to lowest since 1997-98
Overall, passenger vehicle sales declined by 31.57 per cent in August to 196,524 units against 287,198 units in the corresponding month a year ago.
Ashok Leyland sheds 3% as it declares non-working days across units
At Ennore in Chennai, the number of non-working says would be 16, at Hosur 1, 2, CPPS it would be 5 while at Alwar, Rajasthan it would be 10.
Don’t want any officials arrested: Chidambaram in jail
"No officer has done anything wrong. I do not want anyone to be arrested," Chidambaram said.
Slowdown hits Telangana, Budget slashed by 20%
In his Budget speech in state Legislative Assembly, Rao said that the slowdown has impacted all sectors.
Centre open to raise auto sector’s plea at GST Council
The GST council's next meeting is scheduled in Goa on September 20.
Inflation completely under control: FM
Kokatta, Sep 6 (IANS) Finance Minister Nirmala Sitharaman on Friday said inflation is completely under control and that…
More measures to boost the economy: FM
“As regards to the surplus reserves, we have not taken a call on how that is going to be used. When we take a call, we will certainly let you know.”
Minister heckled as delayed effect of DeMo blamed for slowdown
The minister's question provoked mild heckling, as someone from the convention replied that slowdown is the delayed impact of demonetisation.
Indian Economy is in deep crisis
India is witnessing overall economic slowdown but the Modi government remains in denial and this is for the…
Sensex ends a shade lower, auto stocks gain
Mumbai, Sep 5 (IANS) Although the severely beaten down auto stocks edged higher on Thursday over expectations of…
Modi Govt’s silence on economic slowdown very dangerous: Priyanka Gandhi
New Delhi, Sep 5 Congress General Secretary Priyanka Gandhi on Thursday described the Narendra Modi government’s silence on…
Chidambaram mocks govt on 5% GDP growth
Surrounded by the security personnel, Chidambaram stopped and said, "5 per cent. You all know what is 5 per cent", and walked away.
Market has still not responded to various govt steps: SIAM
On Sunday, automobile majors reported significant declines in their respective sales for August.
Sensex Plunges Over 400 Points, Nifty Slips Below 10,900
Mumbai, Sep 3 (IANS) Investor panic over the country’s lower than expected GDP growth figure of 5 per…
Tractor makers head for 5-7% sales de-growth: Crisil
New Delhi, Sep 3 (IANS) Crisil ratings on Tuesday said that weak growth in rural income will lead…
Ashok Leyland August sales drop by 47%
Chennai, Sep 3 : Commercial vehicles major Ashok Leyland Ltd closed last month with a 47 per cent…
Priyanka Gandhi slams Modi government for not accepting economic crisis
New Delhi, Sep 3: Congress General Secretary Priyanka Gandhi Vadra took a sharp dig at the Bharatiya Janata…
PNB to consider infusion of Rs 18,000 cr at board meet
Mumbai, Sep 2 : The Punjab National Bank (PNB) on Monday said that its board would consider capital…
India’s July industrial output growth slows to 2.1% YoY
April-July of FY20 was 3 per cent compared with 5.9 per cent reported for the same period of the last financial year.
Mismanagement by Modi govt resulted in economic slowdown, says Ex PM Manmohan
New Delhi, Sep 1: Former Prime Minister Manmohan Singh expressed grave concerns about the state of the economy…
India’s forex reserves down by $1.45 bn
Besides the US dollar, FCAs consist of 20-30 per cent of the other major global currencies.
What lower GDP means for you and me
New Delhi, Aug 30 (IANS) While a decline in GDP affects the poor worse as India is one…
Q1 GDP growth at 5% falls to lowest in 6 years
On a sequential basis, the growth rate came lower than the 5.8 per cent in Q4 of 2018-19.
Will announce more measures to boost economy in coming weeks: Sitharaman
The government has recognised that consumption needs a boost, says Nirmala Sitharaman.
Several uncertainities in near-term economic outlook for India: RBI report
But the RBI noted that there are still structural issues in land, labour and agricultural marketing and they…
RBI payout to help government invest in infra: Report
As a result, the sub-entry of "Dividend and Profits" may reach a level of Rs 2.2 lakh crore as compared to the budget estimate of Rs 1.63 lakh crore, a windfall of Rs 60,000 crore as per Acuite Ratings estimates.
‘GST shortfall may force RBI surplus use to meet fiscal deficit’
According to Kotak, optically, the excess provision transfer of Rs 52,300 crore, as well as the Rs 54,000 crore of higher dividend, will seem positive for bonds.
RBI transfer to government: The good and the bad
The RBI board accepted the recommendations of the Bimal Jalan committee and has decided to transfer Rs 1,76,051…
Global investors keen on rupee denominated assets: RBI
Mumbai, Aug 26 (IANS) Global investors have shown appetite for rupee denominated assets in recent times and this…
RBI employees for consensus on Jalan panel report
The study has suggested, said the union, compared with other central banks (taking into account the value at risk) the core capital of the RBI is not sufficient.
Rs 70K cr PSB infusion to push loan growth by 15%: Moody’s
Mumbai, Aug 26 (IANS) The government’s announcement of an upfront capital infusion of Rs 70,000 crore in public…
A structural or cyclical slowdown?
The Indian economy is passing through a phase of economic slowdown, with the GDP growth registering one of…
Authorities don’t have to overreach, tax targets achievable: FM
New Delhi, Aug 23 (IANS) Responding to India Inc’s calls for measures to curb “tax terrorism”, Finance Minister…
Big relief for markets as controversial FPI levy rolled back
New Delhi, Aug 23 (IANS) Finance Minister Nirmala Sitharaman on Friday announced the roll back of the controvertial…
Finance Minister outlines plan to curb ‘tax terrorism’
On violation of corporate social responsibility norms, the Minister said that such violations would not be treated as criminal offences.
Economy in ICU; Government clamping down on those defending civil liberties: Kapil Sibal
NEW DELHI: Senior Congress leader and Rajya Sabha MP Kapil Sibal on Friday took a swipe at the…
Unprecedented situation In 70 Years: NITI Aayog Vice Chairman On Liquidity Crisis
New Delhi, AUg 23 : Describing the current economic slowdown as an “unprecedented situation”, NITI Aayog Vice Chairman…
India’s consumer confidence drops in August: Report
"Notably, the mood is downbeat across all parameters of PCSI which is driven by the aggregation of the four, weighted, sub-indices," the report said on Thursday.
Rupee close to 6-month low at nearly 72 a dollar
The negative divergence still continues with it. Thus, no sign of buying is indicated. A break above 72 would add buying pressure towards 72.20. Major support are 71.80 then 71.65."
Economy doesn’t need fiscal stimulus to tackle slowdown: CEA
"We can't expect the government to intervene every time some sectors go through sunset. Not all sectors are doing bad, some are doing well," the CEA said.
India’s growth may slow down further to 5.7% in Q1: Nomura
"The Indian economy is likely to slow down further to 5.7 per cent in April-June from a five-year low of 5.8 per cent in January-March," Nomura analysts Sonal Varma and Aurodeep Nandi said in their client note.
Economy slowdown not to impact smartphones in India: Xiaomi
New Delhi, Aug 21 : With economic slowdown beginning to adversely affect several industries in India, Xiaomi India…
Money creation to pick up pace
The focus of monetary policy is now conclusively on ensuring better transmission. Towards this, for the first time…
Resolve stressed assets in time for maximum value: RBI
The RBI issued the new NPA recognition and resolution guidelines on June 7 after the Supreme Court had, in April, declared the earlier one issued on February 12, 2018 as ultra vires.
Slowdown on in auto sector, overall retail sales down 6%
The data also showed that retail sales of passenger vehicles were lower by 11 per cent on a year-on-year basis.
Priyanka hits out at government over economic slowdown
People are being fired from their jobs and the BJP government is silent. Who is responsible for this great recession in the country?"
Slowdown: Hyundai Motor India lists ‘no production days’
The company had "no production days" on August 10 and 12 at its Body Shop-2, Paint Shop-2, Assembly Shop-2 and Support Teams (three shifts) and Transmission-2 (six shifts).
Lacklustre festival season awaits India Inc, projections gloomy
New Delhi, July 28 A lacklustre festival season is set to greet India Inc. this year. The impact…
Tata Motors’ loss in June quarter doubles to Rs 3,679.66 cr
Mumbai, July 25 (IANS) India’s ongoing economic slowdown has claimed jobs, profits and caused investors to run scared…
Country’s economic slowdown has ended, says NITI Vice Chairman
New Delhi, Sep 27: NITI Aayog Vice Chairman Rajiv Kumar on Wednesday said the economic slowdown has bottomed out…
Note ban to lower growth in 2016-17: Assocham
New Delhi, Dec 30 : Banning of high value notes would lower growth rate due to economic slowdown in…