As COVID-19 second wave once again threatens economy, Centre to continue austerity drive

Officials say that while the government is more prepared than last year, the second wave is worse than anticipated.

published on : 22nd April 2021

UK job figures show young hardest hit by COVID restrictions

Workers under 25 accounted for more than half the decline, with the number of young people on company payrolls dropping by 436,000 over the past year.

published on : 20th April 2021

China's GDP grows record 18.3 per cent in first quarter after COVID-induced contraction

China’s economic growth surged to 18.3% over a year earlier in the first quarter of this year as factory and consumer activity recovered from the coronavirus pandemic.

published on : 16th April 2021

Economist Intelligence Unit calculates 13 per cent growth for India, more than IMF prediction

The forecast of India's growth rate for 2021 is noted to be higher than any other major economy in the world including US which is calculated to be 5.5 per cent.

published on : 14th April 2021

As economy recovers, survey shows 59 per cent firms in India intend to give salary increments in 2021

The study found that the southern market will lead in terms of new job opportunities with 37 per cent hiring, followed by the western zone with 33 per cent.

published on : 13th April 2021

Second Covid wave poses credit-negative threat: Moody’s

As per official estimates, the Indian economy contracted 8 per cent in 2020-21 fiscal year, which ended on March 31, 2021.

published on : 13th April 2021

Double whammy: Retail inflation jumps to four-month high, factory output contracts

Policymakers had expected positive GDP growth in January-March to restrict the annual FY21 contraction to 7.5-8 per cent.

published on : 12th April 2021

Record remittances from overseas Pakistanis helping cash-strapped economy: Central Bank

Pakistan PM Imran Khan said that it showed that the love and commitment of overseas Pakistanis with the country was unparalleled.

published on : 12th April 2021

Ahead of G20 talks, India denounces attempts to link climate issues to economic recovery amid pandemic

The US administration has been pushing for a strong climate agenda as part of the process of recovery from the pandemic.

published on : 12th April 2021

India gained from globalization, need to develop mechanism for associated risks: Abhijit Banerjee

Many economists have pointed out in the past that among the effects of globalisation were jobless growth as manufacturing and supply chains shifted and became more automated.

published on : 12th April 2021

With Isaac out and KM Mani no more, who will steer Kerala’s economy?

 For the LDF, the denial of the ticket to T M Thomas Isaac, the finance minister in the outgoing Left government, means a new face will hold the office if the front returns to power.

published on : 10th April 2021

IMF upgrades forecast for 2021 global growth to a record 6%

"A way out of this health and economic crisis is increasingly visible,'' IMF chief economist Gita Gopinath told reporters.

published on : 6th April 2021

Economic recovery still shallow, a month's national lockdown can dent GDP by 2%: Report 

The death rates are mercifully lower, it said, explaining that the 478 fatalities recorded on Monday were 42 per cent lower than what was observed when the daily cases were at the peak of 97,000.

published on : 6th April 2021

Inflation headche: Rising prices to disrupt India's economic recovery post COVID pandemic

A further surge in global commodity prices may hit consumption and have serious implications for India’s economy which is still struggling to come out of the Covid-19 impact.

published on : 3rd April 2021

Russian entrepreneurs adapt to Covid lockdown challenges

Some of Valentina Konstantinova's nonpaying guests were originally from India, and she decided to tap their expertise to add a restaurant serving authentic Indian cuisine.

published on : 3rd April 2021
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