Headwinds from lockdowns, war, and inflation are the leading factors behind slowing demand for PCs and tablets.
New Delhi: A high-level meeting chaired by Finance Minister Arun Jaitley got underway here on Tuesday evening to review the economic situation and discuss measures, including a possible stimulus package, to be taken amidst an economic slowdown. The meeting is being attended by, among others, Railway Minister Piyush Goyal, Commerce Minister Suresh Prabhu, Chief Economic […]
New Delhi: Former Finance Minister P. Chidambaram on Saturday said the economic slowdown is real as stated by the government’s Chief Economic Advisor Arvind Subramanian and asked whether Prime Minister Narendra Modi and Finance Minister Arun Jaitley believed him. “Economic slowdown is real. CEA says so. Will PM and FM believe him,” Chidambaram asked in […]
Mumbai: Noting that the economy has been on a downslide since September 2016, SBI Research today said the slowdown is real and not technical and called for more public spending to arrest the slide. “We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that has been prolonged to […]
New Delhi: The slowdown-hit economy may soon get a booster dose from the government with Finance Ministry working on a stimulus package for the industry may include a slew of financial measures ranging from tax cuts, subsidies and other incentives. Official sources said the package would not only aim to reduce the cost for the […]
New Delhi: In a minor heckling, Union Minister Anurag Thakur on Friday was confronted at the industry event here with allegation that government’s demonetisation exercise was to blame for the current slowdown that has impacted the economy. Speaking at the ACMA (Automobile Components Manufacturers Association) annual convention here on Friday, Minister of State for Finance […]
Chennai: Amid the economic slowdown plunging August sales of automobiles to the lowest since 1997-98 indicating further worsening of demand and investment, Finance Minister Nirmala Sitharaman will elaborate on the decisions and initiatives taken by the Modi2.0 government in last 100 days. She will address media on “Furthering Development — 100 days of bold initiatives, […]
New Delhi: The Congress on Thursday announced it will hold massive agitations across the country from October 15 to October 25 against the government’s policies that have allegedly led to an “economic slowdown”. The decision was taken at a meeting chaired by Congress chief Sonia Gandhi at the AICC headquarters here. The meeting was attended […]
New Delhi: Former Prime Minister Manmohan Singh on Thursday hit out at the Narendra Modi-led NDA government’s ‘complacency over the slowdown in the economy and said that there’s an atmosphere of ‘gloom and doom’ all around. Speaking at the meeting of all general secretaries, state in-charges, state unit chiefs, Congress Legislature Party (CLP) leaders, Manmohan […]
Bhubaneswar: The pinch of the economic slowdown has apparently affected the lower middle class in Odisha. The tale of continuous decline in sales of two-wheelers in comparison to a smart rise in car sales tells all. The big trend observed is the two-wheeler sales in Odisha that had posted a sharp drop of around 13.6 […]
New Delhi: Commerce Minister Piyush Goyal’s “gravity” gaffe refuses to die down. Former RBI governor Raghuraman Rajan on Friday launched a scathing attack on Goyal dissecting every word of his remark and saying that he fails to understand the “gravity” of economic slowdown. “When you don’t understand the #GRAVITY of the economic slowdown, the words […]
New Delhi: Finance Minister Nirmala Sitharaman is scheduled to announce further relief measures for the economy on Saturday to reverse the current economic slowdown. Though the agenda of her conference is not detailed, sources said that the focus of the announcements could be on measures to boost the realty and export sectors. The Finance Minister […]
Washington: The new managing director of the International Monetary Fund (IMF) Kristalina Georgieva warned of an economic slowdown in 2019 in 90 per cent of the world during her first speech at the helm of the multilateral organization. “In 2019, we expect slower growth in nearly 90 per cent of the world. The global economy […]
Mumbai: Economic think-tank, National Council of Applied Economic Research (NCAER) on Saturday said India is likely to see a further slowdown in aggregate demand and GDP growth during 2019-20. NCAER also anticipated a recurrence of the large shortfall in tax revenue observed in 2018-19 but also added that its impact on the total revenue will […]
New Delhi: A day after the Supreme Court granted bail to former Finance Minister P. Chidambaram, the Congress leader attacked the Central government for the economic slowdown in the country saying they are unable to diagnose the issue and the government has no solutions that would address the structural problems. “The (central) government is calling […]
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