economic slowdown

Despite economic slowdown, homes worth Rs 1.54 lakh crore sold in top 7 cities in 2019

Between January to September of 2019, nearly 2.02 lakh units have been sold across the top seven cities; approximately 1.78 lakh units were sold a year ago.

published on : 23rd October 2019

Banks must act now or risk becoming ‘footnotes to history’: McKinsey

Banks allocate just 35% of their information-technology budgets to innovation, while fintechs spend more than 70%, McKinsey said.

published on : 23rd October 2019

China, India, 18 other countries will dominate global growth in 2024: IMF

Weaker global growth, expected to fall to 3 per cent this year and the slowest since the global financial crisis, will affect 90 per cent of the world.

published on : 20th October 2019

‘Economic slowdown a macro-level phenomenon’

This will have an enormous effect. An individual-level change leads to a miraculous transformation,” he said.

published on : 20th October 2019

Committed to have sound macro-economic environment to fuel growth: Nirmala Sitharaman

The Finance Minister said that India has provided impetus to growth by rationalising and reducing corporate tax rates that will stimulate private sector investment in infrastructure and industry.

published on : 19th October 2019

In a first, 200 tons of Kashmiri apples exported to huge Middle East market

Lulu Group, which runs more than 180 hypermarkets and shopping malls across the Middle East, has shipped 10 containers (200 tons) of three variant apples on Saturday.

published on : 19th October 2019

Will contain deficit, hasten spending: Finance Minister Nirmala Sitharaman

Finance minister Nirmala Sitharaman says public investment in infra will be front-loaded to boost consumption

published on : 18th October 2019

India has worked on fundamentals, but problems need to be addressed: IMF

The IMF on October 15 trimmed India's growth forecast by 90 basic points to 6.1 per cent.

published on : 18th October 2019

Hardeep Puri appears to suggest auto sector slowdown due to Metro, cab aggregators

Puri's remarks come weeks after Finance Minister Nirmala Sitharaman said the slowdown in the automobile sector was due to many factors like the change in the mindset of millennials.

published on : 17th October 2019

Don't think there's any hope of economy reaching USD 5 trillion target by 2024: Manmohan Singh

Last month, Singh had stressed the need for adopting a 'well-conceived national strategy to make India a five trillion dollar economy'.

published on : 17th October 2019

Economic slowdown: Major dip in fuel demand shows contraction

According to the Petroleum Planning and Analysis Cell, consumption of petroleum products dropped to 16.01 million tonnes in September — the lowest level since July 2017.

published on : 17th October 2019

Economic slowdown hits Bengaluru hard; layoffs, pay cuts up to 30 per cent

Several affected employees have approached the State Labour Department seeking directions to their companies to protect their jobs and their salaries. 

published on : 17th October 2019

IMF urges largest economies to be prepared to engage in coordinated policy action

The remarks by Vitor Gaspar, Director of the International Monetary Fund's Fiscal Affairs Department, came a day after the IMF painted a grim picture of the global economy.

published on : 16th October 2019

India's aim of being a USD 5 trillion economy 'challenging' but 'realisable': Nirmala Sitharaman

The Modi government has underlined its priorities in the first 50 days of its second term, setting sights on making India a USD 5 trillion economy and hitting the ground running on spurring growth.

published on : 16th October 2019

Don’t waste time worrying about monetary policy, economy in tailspin: Nobel laureate Abhijit Banerjee

Put money in people’s pockets to address drop in demand, suggests the Nobel laureate

published on : 16th October 2019
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