Page 19 - Economy

Japan govt retains economic view for 4th straight month as demand rises

The Japanese economy is recovering moderately, the government said in a report, retaining the view for the fourth successive month, owing to demand bouncing back

Brazil's central bank revises growth forecast for 2022 up to 2.76%

Financial analysts upgraded their forecast for Brazil's economic growth for 2022 from 2.71 per cent to 2.76 per cent, and from 0.59 per cent to 0.63 per cent for 2023, the central bank said

Would a championship win for Phillies be a good thing for US economy?

Would a championship win for the Philadelphia Phillies be a good thing for the nation's economy?

Protests, appeals: Why India's fishing communities are up in arms

Catch depleting as coastal infrastructure expands but there is no government, they say

Singaporeans divided on govt managing foreigners' participation in economy

Singaporeans are divided on whether the government has struck the right balance in bringing foreign workers and protecting local jobs, as the manpower-short country works out directions to maintain its economic prosperity. About 40 per cent respondents to an online survey agreed with the government policy on foreigners' participation in the country's economic activities while 44 per cent disagreed, and the rest said they did not know enough to answer. The survey of 1,000 Singaporeans and permanent residents on Forward Singapore topics was commissioned by The Straits Times and conducted by consumer research firm Milieu Insight in September. It was published on Monday. The topics included economy and jobs, health and social support, home and living environment, and education and lifelong learning. The increasing presence of foreigners, both in labour-intensive industries and professional executives in businesses, has been widely debated in public and Parliament as Singaporeans fear .

Bond market sees no end to worst turbulence since credit crash of 2007

The world's largest bond market is being whipsawed by its longest stretch of sustained volatility since the onset of the financial crisis in 2007

US midterm elections 2022: Democrats should focus on rising inflation

A new poll from Harvard's Center for American Political Studies shows that voters consider the top three issues to be inflation, the economy and jobs, and immigration

Dhanteras begins on positive note; jewellers expect footfalls to increase

Dhanteras, spread over two days of the weekend, got off to an auspicious start on Saturday as consumers began trickling in to markets, with jewellers expecting the momentum to increase towards the evening. Dhanteras, which marks the first day of Diwali in India, is considered an auspicious occasion to buy gold and silver as part of Hindu festivities. "Since the day has just begun, the footfalls are just trickling in. As this year Dhanteras is spread over the weekend, we expect the momentum to increase towards the afternoon and evening and tomorrow. "Mainly, since morning people who had pre-booked, are coming to pick up the items to avoid the crowd," All India Gem And Jewellery Domestic Council chairman Ashish Pethe told PTI. Since the last 3-4 days the consumer sentiment has been good and the sales momentum has been positive. The industry expects a good two days of business, he added. PNG Jewellers Chairman and Managing Director Saurabh Gadgil said in Maharashtra, the footfalls ha

Eurasian Economic Union members gather to promote economic integration

The five member states of the Eurasian Economic Union (EEU) have vowed to enhance cooperation in various fields during a meeting in Armenia's capital Yerevan

Japan's core consumer prices hit 8-year high, rise 3% YoY in Sep

Core consumer prices in Japan rose 3 per cent in September to a fresh eight-year high from a year earlier, the government said in a report

India pushing for valuation of $7.7 billion for state-owned IDBI Bank

India is pushing for a valuation of around 640 billion rupees ($7.7 billion) for state-owned IDBI Bank Ltd. in what could be the biggest sale of the government's stake in a lender in decades

Punjab govt decides to restore old pension scheme for its employees

The Punjab government on Friday took an in-principle decision to restore the old pension scheme for its employees. Giving a Diwali gift, the government has decided to implement the old pension scheme, Chief Minister Bhagwant Mann announced after a meeting of the state cabinet here. "We have taken in-principle decision to this effect in the cabinet meeting. This will benefit lakhs of employees...We are bringing Punjab under the old pension scheme," he said. Finance Minister Harpal Singh Cheema said that employees will be given the option to join the old pension scheme. Mann, a month ago, had said that his government is considering restoring the scheme for government employees. Restoration of the old pension scheme, which was discontinued in 2004, has been one of the major demands of state government employees. In August last year, Cheema, a senior Aam Aadmi Party leader, had promised to restore the old pension system if the party was voted to power in Punjab.

Global IT hardware industry players urge govt to postpone PLI 2.0 scheme

The IT industry has asked the govt to defer the implementation of the revised production liked incentive scheme, PLI 2.0

French FM Le Maire aims for annual inflation at 5% in early 2024: Report

French Finance Minister Bruno Le Maire has said that he aims to bring down the country's annual inflation rate to 5 per cent by the beginning of 2023

Healthcare services received at home are GST exempt, rules Kerala authority

It cites government note saying healthcare services provided by clinical establishments or authorised medical practitioners would not attract GST

Deliberations on draft telecom bill being conducted: Ashwini Vaishnaw

Draft telecom bill: Vaishnaw said that the Indian government will only introduce "light-touch regulations" on over-the-top (OTT) communication services

Sinking in polls, Japanese leader renews unorthodox inflation bet

Japanese leader Fumio Kishida has seen his approval rating plummet of late along with the yen. But he's sticking with his world-defying bet on loose monetary policy even as voter dissatisfaction grows

Hong Kong cuts property taxes, eases visa rules to attract global talent

Hong Kong Chief Executive John Lee unveiled a sweeping plan to woo talent back to the city and ease its housing woes, in a bid to revive its status as a thriving international finance hub

Railways to shut down COFMOW on Dec 1, seeks to trim undertakings

Unit for railway workshops being closed as part of finance ministry recommendation on 'rationalization of government bodies'

DoT to address Trai's concerns on dilution of power by draft telecom bill

DoT has also sought feedback on the bill from all ministries of the Central government, state government and the public along with Trai