Economy | The Asian Age

Tuesday, Apr 16, 2024 | Last Update : 06:47 PM IST

Economy Page-8

Laid-off workers returning to their villages are now putting more burden on a rural sector.

India's economy suffers car crash, pain spreads to villages

According to industry estimates, automakers, component manufacturers and dealers have laid off about 350,000 workers.

05 Sep 2019 9:40 AM

Shiv Sena in its editorial mouthpiece said: 'There should be no politics around the economic slowdown. Kashmir and economic slowdown are two different issues. The economy is in doldrums.'(Photo: PTI)

'National interest lies in listening to Manmohan's advice': Shiv Sena to BJP on economy

'Should be no politics around the economic slowdown. Kashmir and economic slowdown are two different issues,' Shiv Sena's editorial said.

04 Sep 2019 9:24 AM

'India was 11th (largest) economy of the world. Now it is fifth and we are marching to be third,' Javadekar said.

Government doesn't agree with Dr Manmohan Singh's analysis of economy: Javadekar

He claimed that the government is responsive and addresses the concerns of all sections of the society.

03 Sep 2019 9:26 PM

What we are doing is, being a responsive government, addressing the issues and we have seen this process in GST also, said I&B Minister Prakash Javadekar. (Photo: File)

Govt doesn't subscribe to Singh's views on handling of economy: Javadekar

Earlier this week, former PM Manmohan Singh had said the state of economy was 'deeply worrying'.

03 Sep 2019 6:15 PM

"We at Fitch Solutions believe that growth has likely bottomed out and will start to rebound over the coming quarters. However, noting ongoing pressure on the external sector and private consumption, we now expect this rebound to be weaker than before," the rating agency said in its comments on India's growth.

Fitch Solutions says India GDP growth to rebound at slower pace

India's real GDP growth slumped in Q1 of FY2019/20 (April-March) to 5 pc year-on-year, from 5.8 pc in Q4 (January-March) FY2018/19.

02 Sep 2019 3:12 PM

India's economic growth has slumped for the fifth straight quarter to an over six-year low of 5 per cent in the three months ended June as consumer demand and private investment slowed amid deteriorating global environment.

India's growth likely to reach a trough in June qtr; recovery to be elongated: UBS

According to the UBS India financial conditions index, growth may have reached a trough in the June 2019 quarter.

02 Sep 2019 2:57 PM

Total Goods and Services Tax (GST) mop-up for August this year was 4.5 per cent higher than the Rs 93,960 crore collected in the same month last year.

GST collections dip below Rs 1 lakh crore to Rs 98,202 cr in Aug

This is the second time during this year that the revenue collection from the GST slipped below the Rs 1 lakh crore mark.

01 Sep 2019 7:33 PM

Finance Minister Nirmala Sitharaman. (Photo: File | ANI)

Govt making all out effort to tackle economic situation: Nirmala Sitharaman

I am meeting industries and taking their inputs, suggestions on what they would want and expect from govt, said FM.

01 Sep 2019 3:06 PM

Manmohan Singh said it is particularly distressing that the manufacturing sector's growth is tottering at 0.6 per cent. (Photo: File)

State of economy deeply worrying: Manmohan Singh

Former PM Manmohan Singh said the last quarter GDP growth rate of 5 per cent signals that 'we are in midst of a prolonged slowdown'.

01 Sep 2019 11:07 AM

Among the measures steps included roll-back of enhanced surcharge on foreign portfolio investment (FPIs) and upfront transfer of Rs 70,000 crore for recapitalisation of public sector banks to give them firepower for lending. (Photo: File)

India’s economic growth at 6-yr-low with GDP growth at 5pc in June quarter, more stimulus expected

Slowdown attributed to dull performance to low consumption, delayed monsoon, rising global trade tensions affecting exports.

30 Aug 2019 7:33 PM

Finance minister Nirmala Sitharaman. (Photo: ANI)

Fiscal deficit crosses 77 pc of budgeted target in first 4 months of 2019-20

The government has set a fiscal deficit target of 3.4 per cnet for 2019-20, same as 2018-19.

30 Aug 2019 4:23 PM

India Inc to debate USD 5 trillion economy goal amid RBI bonanza to govt

RBI decided to transfer Rs 1.76 lakh crore in dividend and surplus reserve to the government.

30 Aug 2019 12:34 PM

Congress chief spokesperson Randeep Surjewala tweeted, tagging a media report on the central bank's emergency fund. (Photo: File)

BJP govt pushed country into financial emergency: Congress

According to the RBI annual report, the number of cases of frauds reported by banks saw a jump of 15 per cent year-on-year basis in 2018-19.

30 Aug 2019 10:04 AM

Union Home Minister Amit Shah. (Photo: ANI twitter)

India's economic fundamentals are strong, says Amit Shah

Shah said India's goal is to become a USD 5 trillion economy in the next five years.

30 Aug 2019 9:48 AM

The government will "comfortably" meet the 3.3 per cent fiscal deficit target for FY20. (Photo: AFP)

SBI economists slam 'intelligentsia' for 'misunderstanding' RBI autonomy

The Rs 52,000-crore surplus payout is much lower than the estimates, the economists said.

29 Aug 2019 9:31 AM

Reserve Bank of India had slashed repo rate by 110 basis points so far this year, to 5.40 per cent.

Rate cuts not enough to re-fire damp India housing market: Report

Banking and non-banking financial companies (NBFCs) are still grappling with very large bad loans on their balance sheets.

28 Aug 2019 12:03 PM

The online hiring demand has witnessed a 16 per cent increase between H1 2018 and H1 2019.

Economic slowdown: Online hiring slips 5 pc in Jan-June period

Year-on-year basis the online hiring demand witnessed 16 per cent growth H1 2019 compared to H1 2018.

28 Aug 2019 9:20 AM

Windfall from the RBI may be used to trim borrowing, help fund Rs 3.3 lakh crore capex plan.

Windfall from RBI to give govt ammunition to fight slowdown, boost capex

The finance ministry has so far not detailed the blueprint of using the surplus from the RBI.

27 Aug 2019 2:25 PM

After the Central Board of the Reserve Bank of India (RBI) approved the transfer of Rs 1,76,051 crore to Centre, Congress leader Jairam Ramesh on Tuesday said that the central government now 'usurps a huge windfall' from RBI. (Photo: File)

'Fiscal breathing space but at what and whose cost?' asks Jairam Ramesh to Centre

His tweet comes a day after RBI took the decision in line with the recommendations of the Bimal Jalan Committee.

27 Aug 2019 1:20 PM

Central bank will likely ease its benchmark rate by 25 basis points again to 5.15 per cent at its October meeting. (Photo: AP)

Indian economy set for weakest quarter of growth in five years: report

The RBI lowered its outlook for the fiscal year 2019-2020 at its August meeting.

27 Aug 2019 11:07 AM

8 of 34

Columns

Aakar Patel