The U.S. economy grew at an unrivalled tempo in the third quarter as the federal government poured out greater than $three trillion US value of pandemic reduction that fuelled shopper spending, however the deep scars from the COVID-19 recession might take a 12 months or extra to heal. Gross home product rebounded at a 33.1 […]Read More
New Delhi: India will need fiscal stimulus, lower interest rates, faster bank recapitalisation and privatisation of some PSUs to return to 7 per cent growth rate, former Niti Aayog vice chairman Arvind Panagariya said on Monday. Addressing a virtual event organised by AIMA, Panagariya further said the country lost nearly USD 125 billion in the […]Read More
Chennai: Chief Economic Advisor Krishnamurthy Subramanian on Tuesday exuded confidence that the country would be back to a high growth path through reforms announced by the government, after overcoming the COVID-19 pandemic. “When reforms (announced by the Centre) unleash, we will be definitely on a high growth path”, he said participating in the Connect 2020 […]Read More
NEW DELHI: Top scholars came together for a discussion on the growing radicalisation in the West including anti-India activities in USA through radical Islamist outfits and charity organisations. Speakers at the event were Director of Research at the Investigative Project on Terrorism Abha Shankar; Director of the US-based think tank Washington Project – Middle East […]Read More
By Andy Mukherjee “Did inflation targeting kill India’s growth story?” asks the headline of a recent article in the Mint newspaper. The idea of making an explicit numerical inflation goal the central bank’s primary objective came late to India. It was only in 2016 that the Reserve Bank formally took responsibility for keeping the rate […]Read More
Domestic rating agency India Ratings and Research on Tuesday revised the country’s FY21 GDP growth forecast to (-) 11.8 per cent from (-) 5.3 per cent earlier. The agency, however, expects India’s gross domestic product (GDP) to rebound and grow at 9.9 per cent year-on-year in FY22 mainly due to the weak base of FY21. […]Read More
NEW DELHI: A small positive economic growth in 2020-21 may not be ruled out as sectors like agriculture and essential goods and services were fully operational in the first quarter despite coronavirus-induced lockdown, according to a paper co-authored by former RBI governor C Rangarajan. Rangarajan and India EY India chief policy advisor D K Srivastava […]Read More
Such a thing has not happened in recorded history. How did that happen? Everyone is supposed to blame it on this collective fever called Covid-19. But what everyone suffered was not what god intended, as the finance minister stated, but what her government inflicted — officially called ‘lockdown’. Source linkRead More
Zoom’s videoconferencing service is deepening its integral role in life during the pandemic as tens of thousands more businesses and other users pay for subscriptions to get more control over their virtual meetings. The surge in paying customers enabled Zoom to hail another quarter of explosive growth. The company on Monday reported that its revenue […]Read More
NEW DELHI: Attributing the 23.9 per cent contraction in GDP in April-June to the coronavirus lockdown, Chief Economic Adviser K V Subramanian on Monday said the country will witness better performance in the subsequent quarters, aided by a ‘V-shaped’ recovery in various sectors. He said indicators like rail freight traffic and electricity consumption are pointing […]Read More
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