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PANDEMIC INDUCED SHOCK
Effective fiscal-monetary coordination was core for India's success amid a series of adverse shocks: RBI GovernorRBI Governor Shaktikanta Das underscored the importance of fiscal-monetary coordination in navigating India through global economic shocks....
Planning to lose weight in 2024? Check out diet plans to follow this yearNew Year is the perfect opportunity to create a ‘New You’ and follow a healthy diet plan. After the COVID-19 pandemic, an increasing number...
India Inc didn't slow down on R&D spends during Covid pandemic: RBI paperAccording to an analysis by RBI officials, the Covid pandemic did not result in a reduction in research and development (R&D) expenditure b...
States' fiscal on a mend, should use good times to build a capex kitty: RBI paperThe central bank has suggested that states consider creating a capital expenditure buffer fund in good times and not treat capex as residua...
India, no longer a poverty posterboyAs the government dials down pandemic-induced food subsidies, poverty reduction will revert to being driven by growth in incomes in the bot...
GDP numbers lend a hand to push growthThe loss of momentum was marked during the third quarter when growth slowed down appreciably from 20.3% and 8.5% in the prior two quarters ...
No fall in housing rates in many cities during 1st, 2nd COVID wave despite lower demand: SurveyThe survey has analysed the National Housing Bank's data on change in housing transactions in Q1FY21 (first COVID-19 wave) and Q1FY22 (seco...
Global merchandise trade continues robust recovery from pandemic shock: WTO report"The rise in the barometer reflects both the strength of current trade expansion and the depth of the pandemic-induced shock in 2020," it s...
Economy recovering but may take longer to achieve $5 trillion goal: Sanyal"Of course, disruptions will be there. We had set a target of becoming a USD 5 trillion economy by 2024-25. It may take an additional year ...
Household savings Q3'20-21 higher than pre-pandemic levelsSignificantly, individual savers also rushed to small savings in which the returns are higher than bank deposits as banks have lowered inte...
Pandemic pushes back India’s $5-trillion GDP goal by 3 years to FY32: ReportIf the GDP grows at 10 per cent, as BofA assumed earlier, this will be achieved in 2029-30 and if it grows at 9 per cent, overtaking Japane...
Crude oil slips on concerns that OPEC+ may be set to pump up supplyU.S. West Texas Intermediate (WTI) crude futures fell 18 cents, or 0.3%, to $59.57 a barrel by 0122 GMT, down 6% since Feb. 25.
OPEC sees positive oil market outlook, but downside risks persist"We have come a long way from a year ago," Mohammad Barkindo said. "The days of GDP and oil demand figures being in the red because of the ...
Moody's expresses doubts on India's higher revenue targets from tax, divestmentIndia's finance minister, Nirmala Sitharaman, set a fiscal deficit target of 6.8% of GDP for the year ending March 2022, while for the curr...
China's second-quarter GDP grows 3.2% year-on-year, beats expectationsThe growth was faster than the 2.5% forecast by analysts in a Reuters poll, and followed a steep 6.8% slump in the first quarter, the first...
Monetise fiscal deficit, financing not a problem: EconomistsThe Rs 20 lakh crore stimulus package announced by the government will have a much more muted impact on the fiscal deficit than what the he...
COVID-19 pandemic 'severe demand shock' for Indian economy: D&BAccordingly, Dun & Bradstreet has revised its Gross Domestic Product (GDP) estimates for India downwards by 0.2 percentage points for fisca...