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Tag: Economic Slowdown

Global PC shipments to fall 8.2% in 2022 due to economic slowdown
Global PC shipments to fall 8.2% in 2022 due to economic slowdown

Headwinds from lockdowns, war, and inflation are the leading factors behind slowing demand for PCs and tablets.

Vedanta makes proposal to delist from Indian stock exchanges

New Delhi: Vedanta Resources and promoter group companies have moved a proposal to delist Vedanta Ltd from the Indian stock exchanges in a bid to simplify the group structure. In a stock exchange filing, Vedanta has made a delisting offer for Vedanta Ltd (VEDL), where it holds 50.1 per cent effective stake, by acquiring the […]

Narendra Modi Meeting
PM to interact with CMs on Monday with focus on economy

New Delhi: With the focus on boosting economic activities amid a graded exit from the coronavirus-induced lockdown, Prime Minister Narendra Modi will interact with chief ministers of various states via video conference on Monday afternoon. This will be his fifth interaction with the chief ministers after the outbreak of the novel coronavirus in the country. […]

India, Brazil Sign Pacts To Boost Strategic Partnership

New Delhi: In a major boost to their strategic partnership, Brazil and India on Saturday laid down a comprehensive action plan to enhance their cooperation in all areas, amid an economic slowdown. While thanking President Jair Messias Bolsonaro for accepting his invitation to attend India’s 71st Republic Day tomorrow, Prime Minister Narendra Modi said, “Brazil […]

IMF Says India In Midst Of Significant Economic Slowdown, Calls For Urgent Policy Actions

Washington: India is now in the midst of a significant economic slowdown, the International Monetary Fund has said, urging the government to take urgent policy actions to address the current prolonged downturn. In its report released Monday, the IMF Directors noted that India’s rapid economic expansion in recent years has lifted millions of people out […]

Economic Slowdown Structural; Centre Has No Solution: Chidambaram

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 […]

Further Demand Slowdown On The Cards: NCAER

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 […]

IMF warns of economic slowdown in 90 per cent of world

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 […]

FM May Release Sops For Realty, Export Sectors

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 […]

It's A Sign That You're Hiding Real Data: Rajan On Goyal Faux Pas

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 […]

2-wheelers in Odisha hit slowdown bumps, cars on an overdrive!

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 […]

Country In The Midst Of Protracted Slowdown: Manmohan

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 […]

Congress To Hold Agitations Against Govt's Economic Policies

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 […]

Nirmala Sitharaman
FM Set To List Actions Of 100-Days Amid Low Macro Stats

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, […]

Minister heckled as delayed effect of DeMo blamed for slowdown

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 […]

Centre working on stimulus package to check economic slowdown

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 […]

Jaitley chairs high-level meeting on economy

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 […]

Economic slowdown is real, not just technical: SBI Research

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 […]

Threat of economic slowdown is real: Chidambaram

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 […]