Page 5 - Economic Slowdown

UN urges adoption of emergency development measures in Lebanon amid crisis

"The country needs emergency development that would put an end to prolonged economic stagnation, and constitute a trigger for the growth of country and its prosperity," UN resident for Lebanon said

Insolvent Sri Lanka should swap its central bank with currency board

Currency boards are typically associated with lower inflation, higher economic growth and smaller fiscal deficits when compared with hard pegs that are supported by promises, rather than protocols

Investors dump emerging market funds on slowdown worries

According to Refinitiv Lipper, a cumulative $8.1 billion has flowed out of EM equity funds and $5.73 billion from bond funds in the past four weeks

Shock-proofing the economy: Quality jobs the best possible safety net

Since jobs will remain scarce for the foreseeable future, an unemployment allowance should be the next big social-security initiative, writes T N Ninan

Covid-hit FY21: Demand shrinks all across, save food and household services

Biggest blow felt by restaurants and hotels, followed by clothing, footwear, transport and alcoholic beverages; surprisingly demand for health services also contracted

Optimistic scenario: Can growth take care of all the economy's problems?

If the government thinks growth is the solution, can it be delivered in a slowing world with rising rates - within the domestic context of slower growth even before the pandemic, asks T N Ninan

BS Number Wise: Working in tandem on monetary policy

Central banks of the world are implementing coordinated rate reduction but such convergence is neither new nor permanent

Karad slams Thackeray, Maharashtra FM for not attending pre-budget meetings

MoS Finance Bhagwat Kishanrao Karad slammed Maharashtra CM Uddhav Thackeray and State FM Ajit Pawar for not attending pre-budget consultation meetings called by Nirmala Sitharaman

BS BFSI INSIGHT SUMMIT | What will be the shape of growth: U, V, W or K?

HUL to Relaxo Footwears: Analysts upbeat on consumption-related stocks

Changes in the income-tax, likely good monsoon and the on-going above normal Rabi acreage along with higher MSPs are the key triggers analysts are betting on for the consumption revival

Rs 6-trillion monetisation plan: Modi govt's ambition in a minefield

Given the record of past blunders, under-achievements, vulnerabilities and the manifest influence of stigmatised capital, what India might get is yet another school for scandal, cautions T N Ninan

Growth optimism: Will govt's own investment and exports be enough?

A step jump in medium-term growth rates, of the kind projected, needs all four engines of the economy to be firing. But the govt seems to have bet on just two, writes T N Ninan

Strong fundamentals, market size will attract foreign investments: FM

India's strong fundamentals and market size will continue to attract market-seeking greenfield investments, Finance Minister Nirmala Sitharaman said in a written reply to Lok Sabha

India's new industrial policy doomed to fail, to cost the country billions

India's haphazard foray into industrial policy is going to fail, just as "Make in India" did

Wholesale inflation eases to 12.07% in June despite spike in fuel price

Wholesale inflation came in at (-)1.81% in June 2020, due to the implementation of a stringent nationwide lockdown

India's June WPI inflation eases to 12.07% despite rise in fuel prices

India's annual wholesale price inflation eased to 12.07% in June from the previous month's record of 12.94%, despite a spike in costs of fuel and manufactured goods

BS Number Wise: How many years have we lost to coronavirus?

One measure is the change in gross domestic product (GDP). The pandemic chipped away 7.3 per cent of India's real GDP in 2020-21

Vijayan's 100-day action plan to tide over Covid induced economic slump

Kerala Chief Minister Pinarayi Vijayan on Friday announced a 100-day action plan to help the state tide over the economic slowdown triggered by the second wave of the COVID-19 pandemic. The plan will focus on increasing agricultural production, generating quality employment and augmenting health infrastructure, among other things, and would be implemented between June 11 and September 19. The aim is to enable the building of a knowledge-based economy with a focus on science and technology and skill development, Vijayan told reporters here. "The emphasis will be on policies and schemes to advance the achievements of health, education and social security, accelerate economic growth and create quality employment. "Utmost importance will be given to poverty alleviation, elimination of economic and social inequalities, implementation of eco-friendly development perspective and adoption of modern solid waste management practices conducive to a healthy urban life," he said. In addition t

Japan upgrades first-quarter GDP on smaller hit to domestic demand

The economy declined an annualised 3.9% in January-March, not as bad as the preliminary reading of an annualised 5.1% contraction

May Services PMI shrinks to 46.4 vs 54 in April; lowest level since Aug

Overall demand contracted at the sharpest rate since August, with foreign demand shrinking at the fastest pace since November