Page 36 - Economy

Retail inflation for industrial workers eases to 5.14% in April

Retail inflation for industrial workers marginally eased to 5.14 per cent in April compared to 5.64 per cent in March, mainly due to lower prices of certain food items. "Year-on-year inflation for the month (April) stood at 5.14 per cent compared to 5.64 per cent for the previous month and 5.45 per cent during the corresponding month of the previous year," the labour ministry said in a statement on Monday. According to the statement, food inflation stood at 4.78 per cent in April against 5.36 per cent in the previous month. The same was at 6.56 per cent in April 2020. The All-India CPI-IW (Consumer Price Index-Industrial Workers) for April 2021 increased by 0.5 points and stood at 120.1 points from 119.6 points in March. In terms of one-month percentage change, it rose by 0.42 per cent in April compared to March this year while the increase was 0.92 per cent as against the same period a year ago. The maximum upward pressure in current index came from Food & Beverages group ...

Ditching Olympics can further damage Japan's recession hit economy

Not holding the games on top of an extended emergency could knock back growth this year by as much as 1.7 percentage point, says economist.

Pak blueprint for bilateral ties with US based on economy, not security

Seeking a "paradigm shift" in its ties with the US, Pakistan's National Security Adviser Moeed Yusuf has presented to his American counterpart Jake Sullivan a blueprint to enhance bilateral relations not based on security and defence but focusing on economy and trade, according to a media report on Wednesday. Yusuf, who was appointed as the National Security Adviser (NSA) this month, met Sullivan on Sunday in Geneva. In a first in-person high-level meeting, the Pakistani and the US NSAs held wide-ranging talks on the bilateral, regional and global issues of mutual interest. Breaking from the past practice, Yusuf presented the Pakistani plan, seeking bilateral cooperation with the US not based on security and defence but economy, trade and business. Sources familiar with the development told The Express Tribune that Pakistan is seeking a "paradigm shift" in its approach as far as ties with the US are concerned. The relationship between Pakistan and the US has often been seen as ...

Japan's economy shrinks, raising fear of double-dip recession

Gross domestic product contracted an annualized 5.1% from the previous quarter, ending six months of double-digit growth, as businesses cut investment, government outlays fell

Japan's economy shrinks 5.1% during Jan-March as pandemic dries up spending

The Japanese economy contracted at an annual rate of 5.1 per cent in January-March, slammed by a plunge in spending over the coronavirus pandemic, according to government data released Tuesday. The Cabinet Office's preliminary seasonally adjusted GDP, or gross domestic product, showed household consumption dropped at an annualized rate of 5.6 per cent, while government spending declined 6.9 per cent. Gross domestic product is the sum value of a nation's products and services. The annualized rate shows what the rise or drop would have been if that same pace had continued for a year. Much of Japan has been under a state of emergency, centered around early closures of restaurants and bars, to curb the spread of the virus at places where crowds gather. Still, COVID-19 illnesses and deaths have been rising amid one of the slowest vaccine rollouts in the developed world. About 4 per cent of the population has gotten at least one shot so far. Analysts say a more thorough vaccination effo

1,500 Placed Learners Later, Scaler Academy Is In No Mood To Stop

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Bank of England slows pace of bond-buying on growing hopes for recovery

Bank of England kept the scale of its stimulus programme unchanged as Britain's economy shows signs of recovery from its coronavirus slump

Covid-19 will leave deep scars in world economy even after recovery

Legacies of stunted education, destruction of jobs, war-era levels of debt and widening inequalities will cost poorest nations most.

Myanmar economy likely to contract up to 20% as crisis looms: Analysts

Small businesses are on the front lines of an economy now seemingly in free fall after a group of generals seized power

India's retail inflation likely rose in March but stayed within target

The April 5-8 poll of more than 50 economists showed retail inflation rose to 5.40% in March from a year earlier as opposed to 5.03% in February. Forecasts ranged from 4.60% to 6.11%

Liquidity support, bond yield management: Key takeaways from RBI Policy

RBI monetary policy 2021: The recent surge in Covid-19 infections, however, imparts greater uncertainty to the outlook, RBI governor Shaktikanta Das said today

How Covid-19 has taught valuable lessons about pursuit of peak efficiency

As the former Morgan Stanley strategist Gerard Minack noted last year, our pre-pandemic world was primed to maximize financial returns on the assumption that nothing would go wrong

Gehlot directs officials to fulfill budget proposals in time-bound manner

Rajasthan Chief Minister Ashok Gehlot on Saturday directed officials to prepare a model to fulfill budget announcement in a time-bound manner

Delhi's economy estimated to contract by 3.92 pc in FY'21: Survey

This is according to Delhi Economic Survey 2020-21

96% people faced drop in earnings during Covid-19 lockdown: Survey

The Centre announced a nationwide lockdown in March last year following the outbreak of COVID-19 in the country. Later, after a few months, restrictions were gradually eased in a phased manner

Disconnect between markets, real economy a global phenomenon: Sebi chief

He said the heavy fall in markets, followed by quick gains on the equity benchmarks since the onset of the pandemic is the sharpest V-shaped recovery in the last 30 years

Japanese economy sees recovery at 12.7% from coronavirus pandemic slump

Japan's seasonally adjusted gross domestic product had grown at a dramatic annualized rate of 22.9% in the July-September period

Japan's economy grows more than expected on support from trade, capex

For the full coronavirus-stricken year, Japan's economy contracted 4.8%, marking the first annual fall since 2009

Malaysia's economy posts biggest annual decline since 1998 crisis

The economy contracted 3.4% year-on-year in the October-December period, falling for a third straight quarter and faster than the 3.1% decline forecast in a Reuters poll

Recovery plan can make 2020s Europe's digital decade: von der Leyen

Von der Leyen said the recovery plan will invest in the skills European workers need for the digital transition, will support the creation of a European cloud