Page 16 - Economy

China's Covid policy will hinder property recovery: Goldman Sachs

On the Covid policy, Goldman expects China to reopen the country -- which it defines as a period when authorities no longer lock down cities when cases surge -- in the first half of 2023

India's digital personal-data protection bill puts privacy at risk

The Digital Personal Data Protection Bill is a more forceful attempt to legislate a Chinese-style surveillance state in the world's largest democracy

World's most-crucial fuel diesel heads for shortage touching everything

Within the next few months, almost every region on the planet will face the danger of a diesel shortage

IBBI expected to introduce two key changes to the Insolvency Law: Report

The decision was made during meetings between IBBI officials, lawyers, consultants and some officials from the finance ministry

India's big plans for cleaner aviation fuel face a string of hurdles

in Dehradun, scientists are working with partners including Boeing Co. to get global approvals for their biofuel, which is made from waste cooking oil and the seeds of plants

Community health centres lack 80% of health specialists needed: RBI data

Social sector expenditure by states increased sharply during two years worst hit by the coronavirus

Indian states' fiscal deficit rose nearly 79 per cent after lockdown: RBI

The RBI's Handbook of Statistics on Indian States showed that apart from Arunachal Pradesh, Haryana, Sikkim and Odisha, all the states saw a higher fiscal deficit in FY21 as compared to FY20

Works under SBM to attract GST if not done for govts, authorities: AAR

Work done for State Urban Development Agency under the Swachh Bharat Mission (SBM) and Mission Nirmal Bangla would not be exempt from GST, according to the state Authority for Advance Rulings (AAR)

Warning signal for economy as headline inflation heads to high core

Rate of core price rise has been over 5% for over two years and remained over 6% for five months till Oct

UK finance ministery hits wealthy with higher taxes in £55 billion squeeze

British Finance Minister Jeremy Hunt announced a string of tax increases and tighter public spending in a budget plan on Thursday

Indian space business: An exciting field or a bubble about to burst?

There are plenty of challenges however before the scale is achieved, and not necessarily related to launches. There is a vast unmet insurance requirement

Global freight rates down 30% YoY; steel, auto, and pharma to benefit

However, average container prices are still 2-3 times higher compared to pre-pandemic levels

Education loan disbursal target for FY23 set at 13.5% lower than FY22: Rpt

In FY22, the country's financial system disbursed education loans for Rs 23,640 crore and for 12 PSBs in India, the target for FY23 has been fixed at Rs 20,450 crore

Supreme Court dismisses review petition on pre-GST state tax on lotteries

Court's verdict earlier led to legislation brought out by Karnataka and Kerala being declared invalid

NASSCOM research group to come up with standards for data anonymisation

'Unfiltered access not advisable', says CEO of Data Security Council of India

Multiple factors doubled retail inflation rate in wheat, rice since April

The spike in the prices of these two cereals was diametrically opposite to the cooling of the overall inflation rate and of food inflation, both of which hit a three-month low

Japan's economy shrinks 1.2% in July-Sept qtr as consumer spending declines

The Japanese economy contracted at an annual rate of 1.2% in the July-September quarter, as consumption declined amid rising prices. Seasonally adjusted real gross domestic product for the world's third-largest economy shrank 0.3% on-quarter, according to government Cabinet Office data released Tuesday. The annual rate shows how the economy would have grown if the quarterly rate were to continue for a year. Japan's GDP, or the sum of the value of a nation's products and services, was weaker than analysts had expected, coming after three quarters of moderate growth. Like many nations, Japan has suffered as the coronavirus pandemic slammed industrial production and tourism. Private consumption grew 0.3% in July-September, slowing down from the 1.2% growth recorded the previous quarter. Private investment grew 1.5%, down from 2.4% growth in the previous quarter. Another factor is the Japanese yen's fall against other currencies, especially the U.S. dollar. The Federal Reserve has

Economic uncertainty a threat for flexi-work model: LinkedIn research

71% of business leaders surveyed in India want employees to work more frequently from office, instead of WHF. Despite this, 82% believe hybrid working is here to stay for the longer term

Indian cities will need $840 bn investment over 15 years: World Bank

Municipal bonds account for a marginal share in debt financing, says the report

China recalibrates policy, issues directions to rescue property sector

The move coincided with a publicly announced 20-point playbook from the National Health Commission aimed at reducing the economic and social impact of containing Covid