Page 45 - Economic Slowdown
Telangana govt slashes FY20 budget citing slowdown impact on state finances
The government has allocated around Rs 9,000 crore for social security pensions
 "Telangana govt slashes FY20 budget citing slowdown impact on state finances")
Maruti, Bajaj Auto gain up to 12% in August. Time to exit auto stocks?
The recent up move, analysts say, was on the hopes of a possible cut in GST rates, which in turn fuelled a relief rally in the counters
 "Maruti, Bajaj Auto gain up to 12% in August. Time to exit auto stocks?")
Top 10 biz headlines: No GST relief for auto cos, opposition to RCEP & more
From chances of the auto industry having to wait longer for a GST rate cut on cars to Maruti Suzuki planning to lease 100 sales outlets to car dealers, here are the top business headlines for Monday
 "Top 10 biz headlines: No GST relief for auto cos, opposition to RCEP & more")
Let equity markets worry about cars, bond investors have eyes on the road
Like its bigger neighboring economy, Indonesia, too, is hungry for capital that would create jobs for its teeming youth population
 "Let equity markets worry about cars, bond investors have eyes on the road")
Indian consumers remain confident despite economic slowdown: Nielsen
Country tops consumer confidence index in April-June; economists say more pain ahead
 "Indian consumers remain confident despite economic slowdown: Nielsen")
Exporters still face various problems
Hopefully, the government will take note and make life easier for exporters
 "Exporters still face various problems")
100 days of Modi govt: We know how to take challenges head-on, says PM
Smriti Irani described the first 100 days as historic, and tweeted some of the steps taken
 "100 days of Modi govt: We know how to take challenges head-on, says PM")
100 days of Modi govt: Fundamentals of economy strong, says Javadekar
He also said sometimes a slowdown is a cyclical process, and 'such a patch' will not hurt the country's progress rate
 "100 days of Modi govt: Fundamentals of economy strong, says Javadekar")
Long haul for investors
Every indicator suggests the growth recession could continue for several quarters
 "Long haul for investors")
100 days of Modi 2.0: Glut of bad news on economy belies reform hopes
Days after the new Modi government was sworn-in, the benchmark indices climbed to all-time highs
 "100 days of Modi 2.0: Glut of bad news on economy belies reform hopes")
Old troubles mar new term: A status check of Modi govt's 100 days
The first-quarter GDP data showed the economy losing steam
 "Old troubles mar new term: A status check of Modi govt's 100 days")
Why the India story could lose global appeal: It's the economy, stupid!
Key personages in the govt, and that includes the prime minister, must engage directly and actively to prevent the current downturn from morphing into 1980s-level growth rates, writes T N Ninan
The sociology of the slowdown
The last economics guy to take sociology into account was Milton Friedman, says the author
 "The sociology of the slowdown")
Leadership during slowdown
Great CEOs see opportunity even when the general mood is gloomy
 "Leadership during slowdown")
Truck operators revenue could be hit as economy slows down: Moody's
The losses to asset-backed securities (ABS) will also rise as the economy slows, said Moody's
 "Truck operators revenue could be hit as economy slows down: Moody's")
The govt is strong, so why can't it undertake bold economic reforms?
That the economy is in the doldrums is self-evident, never mind if economists argue over whether the causes are cyclical or structural
 "The govt is strong, so why can't it undertake bold economic reforms?")
No plan to ban petrol, diesel vehicles: Gadkari allays auto sector fears
Gadkari said he would take up a discussion with the finance minister for extending possible export incentives on automobile makers, as has been done for the sugar industry
 "No plan to ban petrol, diesel vehicles: Gadkari allays auto sector fears")
Top 10 biz headlines: External benchmarking of rates, GST cut mooted & more
From RBI making it mandatory to link all fresh retail loans to an external benchmark to the FinMin crunching numbers to estimate revenue loss from GST rate cuts, here are today's top business news
 "Top 10 biz headlines: External benchmarking of rates, GST cut mooted & more")
Economic slowdown fallout: Realty major Lodha group lays off 400 employees
However, a spokesperson for the largest realty player in India attributed the lay-offs to performance reviews
 "Economic slowdown fallout: Realty major Lodha group lays off 400 employees")
Economic slowdown hits states' GST revenues more than Centre, shows data
The picture becomes sharper if we look at how Central GST (CGST) and State GST (SGST) collections have grown or contracted in FY20
 "Economic slowdown hits states' GST revenues more than Centre, shows data")
