Page 38 - Economic Slowdown

Holdings of gold-backed ETFs hit a new all-time high of 2,855.3 tonne in Q3

Further the report noted that central banks added 156.2 tonne to reserves in Q3, falling 38 per cent in comparison to the record Q3 last year.

Rate cut is the only way out of economic slowdown, feel analysts

Bank of America Merill Lynch expects the RBI to slash rates by 25 basis points (bps) in its December monetary policy review and follow it up with another 15 bps cut in February 2020

Gold demand dips 32% to 123.9 tonnes in Q3 on price rise, slowdown: Report

In domestic market, gold prices had peaked to Rs 39,011 per 10 grams in September and are now ruling at Rs 38,800 per 10 gram.

Govts tend to suppress data when it is on shaky grounds: Joseph Stiglitz

"The data that I have seen reinforces very strong concerns about the Indian economy," says Stiglitz

India's RCEP foray may prove disastrous for domestic industry: Expert

The limited number of industries that have called for India to join RCEP need to address their own structural issues.

BFSI, FMCG, tech sectors remain resilient to layoffs: Experts

Top banks like HDFC Bank and Axis Bank are slated to add around 10,000 jobs in the next 9 to 12 months

Govt committed to following fiscal deficit glide path, says DEA secretary

Concerns have been raised by different agencies about the ability of the government to meet the fiscal deficit target

Congress questions govt's 'data integrity', says economy facing stagnation

Congress spokesperson Sanjay Jha said the government is in a deep sleep 'like Rip Van Winkle', the famous fairytale character

Rajan responds to FM's comment, says two-thirds of his tenure was under BJP

He said the country needs a new generation of reforms to accelerate economic growth. At 5% GDP growth rate, India was witnessing substantial economic slowdown

FinMin claims huge progress in report on measures to boost economy

As per the report card, all public sector banks have introduced Repo Rate Linked Products

US Fed cuts key rate by 25 bps, but signals pause in its easing cycle

The Fed said it will 'monitor the implications of incoming information for the economic outlook as it assesses the appropriate path' of its target interest rate

Gartner sees Indian IT firms growing faster in 2020 on rising client spend

The report said this year's slowdown in spending won't stretch as far as into 2020, despite concerns over recession and companies cutting on discretionary IT spending

Govt unlikely to cut income-tax rate amid economic slowdown, fiscal stress

The government last fiscal missed its direct tax collection target, and for this financial year it has set a higher revenue mobilisation goal of Rs 13.80 trillion

FMCG firms dig deep in the hinterland to spur sagging rural demand

The rural market, which accounts for 36 per cent of India's FMCG market by sales, contributed 60 per cent to the slowdown

Air cargo firms hit by economic, global trade slowdown; Aug freight down 5%

Many of the shippers are facing cancellation of orders and buyers are insisting for discounts.

Economic slowdown 'temporary', reforms undertaken to reverse trend: Ambani

Indian economy has seen growth rate decline in each of the past five quarters

Consumption blues

Tax cut helps, but India Inc's revenue growth falters

Economic slowdown hit jewellery and apparel sales this Diwali: Report

The average value of card transactions in the two affected segments dipped in the days leading to Diwali, according to the data released by transaction processing company, Worldline

Indian economy on life support, structural reforms need of the hour

What's going on? The Indian economy is facing a perfect storm, beset by a combination of cyclical and structural factors that makes recovery doubly difficult

Corporate tax cut a consolation for benchmarks in volatile year

Sensex gained 12% while Nifty ended up 10% despite challenges such as the trade war andtrade war and economic slowdown