China’s growth worries set to endure amid trade war with US

China’s slowdown will continue to provide the backdrop to re-booted trade negotiations with the U.S. in the months ahead, with economists forecasting a full-year expansion of 6.2% this year and 6.0% next.
Chinese economy, Beijing, global trade, JP Morgan, deflation, Retail sales growth, US china trade tensions News

India’s services receipt in May rises 15.5% to USD 18.68 billion

On a month-on-month basis, the services imports in May rose by 9.6 per cent from USD 11.4 billion in April 2019, as per the RBI monthly data on 'India's International Trade in Services'.

Economy News

Exports fell nearly 10% but trade deficit narrower than expected

Exports from India fell by 9.7 per cent y-o-y to USD 25.01 B, whereas imports have decreased by 9.06 per cent y-o-y to USD 40.29 B in June 2019.

Trade deficit, Imports, Exports, Gold, Crude oil, Balance of trade, Electronic goods, jewellery News

Gems and jewellery exports plunge 16.3% to $2.8 billion in June

The issue has also led to slowing demand from the US which otherwise has been steady, he added.

Economy News

Modi govt’s bid to tax global tech giants may come unstuck

Modi government faces several hurdles in taxing international tech firms such as Google, Facebook, Twitter, and others.

G20 PM Modi, Google Tax, Faecebook, Equalisation Levy, GST, Reverse Charege Mechanism News

GST collection of states rises to Rs 5.18 lakh crore in FY19

The average gross GST collection in 2018-19 fiscal was Rs 98,114 crore, up from Rs 89,885 crore in 2017-18.

Economy News

India’s steel exports fall 34 per cent to 6.36 MT in 2018-19

He also said that trade-related issues are a part of ongoing economic relationship discussion between India and the US.

Economy News

China’s GDP growth slows to a 27-year low as trade war bites

Motor vehicle production actually fell 15.2%, the 11th monthly decline in a row, suggesting automakers don't expect a sustained bounce in demand any time soon.

Economy News

Business sentiment in India falls to lowest level in 3 years: Survey

Business sentiment in India fell to its lowest level since June 2016, as companies were worried over a slowing economy, government policies and water shortage, a survey said Monday.

Economy News

Government plans to tweak PMFBY; to make crop insurance voluntary to all farmers

That apart, it has suggested a premium ceiling for coverage under the scheme at 25 per cent (to be revised every year) if irrigated area within a crop is more than 50 per cent.

Economy News

India-US trade talks recommence, but the US still looking at arm-twisting India

On developmental considerations, there may be a few tariff peaks, which is true for almost all economies.

Economy News

Air India, MTNL among 56 sick PSUs; not making any profit at all

Air India Express Ltd., Bharat Coking Coal Ltd., BHEL Electrical Machines Ltd. and Mahanagar Telephone Nigam Ltd. (MTNL) are among the 56 sick public sector enterprises, which have their net worth in

CPSE, PSU, Loss-making, Sick enterprises, Rajya Sabha, Public Sector Enterprises, Net worth, loss, Air India News

86 per cent beneficiaries of Pradhan Mantri Ujjwala Yojana return to take second refill

Pradhan also said during the last five years, Oil Marketing Companies (OMCs) have commissioned more than 9,000 LPG distributorships to make LPG easily available and accessible to customers.

Pradhan Mantri Ujjwala Yojana, LPG, LPG connection, PMUY beneficiaries, india news

China sneezes, India catches cold; Dragon’s slowest march in 27 years is a real cause of worry

The Chinese economy grew by just 6.2 per cent on-year in the quarter to June, with the rate of GDP growth slowing to the lowest in the last 27 years, ie, since the first quarter of 1992.

China, Economy, India, GDP growth, Imports, Exports, Trade, Trade war, Dispute, Investments, Off balance sheet News

WPI cheer continues; wholesale inflation falls to lowest in two years

Wholesale price index (WPI) inflation rate fell to a 23-month low at 2.02 per cent in June 2019. WPI inflation rate was at 2.45 per cent in the previous month and the market expectation was 2.35 per c

WPI, Wholesale price, Inflation rate, CPI, Market prices, Manufacturing, Fuel, Food, Non-food News

Jharkhand lifts most people out of poverty; still remains among poorest states

Jharkhand still remains one of the poorest Indian states with more than half of India’s poor populace concentrated in Bihar, Jharkhand, Uttar Pradesh, and Madhya Pradesh. 

india poverty reduced in 2006 and 2007 during manmohan govt states un report News

India-Canada trade agreement not likely soon: Envoy

Bilateral trade between the two countries grew by 60 per cent in the last five years to USD 9 billion and is expected to triple in the next few years.

India, canada, India-Canada trade agreement, trade agreement, Bilateral trade, economy news

China’s GDP growth slows to 6.2 per cent in Q2, weakest in 27 years

The 6.2 per cent figure released by the National Bureau of Statistics was in line with a survey of analysts by AFP and down from a 6.4 per cent expansion in the first quarter.

china, china GDP, china economy, US-China trade war, Beijing, economy news

China’s economy growth cools further amid US tariff war

The world's second-largest economy expanded by 6.2% over a year earlier in the three months ending in June, down from the previous quarter's 6.4%, government data showed Monday.

china, china economy, US tariff war, China-US tariff war, global financial crisis, Donald Trump, economy news

Relief for power firms: Govt asks Aptel to crack down on ‘regulatory assets’

According to official sources, regulatory assets in Maharashtra went up 390% to Rs 12,382 crore since the Uday launch and Uttar Pradesh saw a rise of 25% to Rs 33,000 crore in this period.

Relief for power firms, Aptel, regulatory assets, power sector, economy news

‘Nal se Jal’ scheme: Water, sanitation likely to attract Rs 6.3 lakh crore investment in 5 years, says report

With the announcement of 'Nal se Jal' scheme, water and sanitation sector is likely to attract investment worth Rs 6.3 lakh crore in the next five years, according to a report.

Economy News

Former RBI governor Raghuram Rajan flags risks for India’s overseas borrowing plan

India’s plan to issue foreign currency debt has no real benefit and is fraught with risks, according to former Reserve Bank of India governor Raghuram Rajan.

Economy News

US-China trade tensions hit Panama Canal revenues

Cargo from the U.S. to China going through the key waterway has slumped this year as the Asian giant cuts its imports of American food and fuel, according to Panama Canal Authority CEO Jorge Luis Quij

Economy News

Unprepared UK facing highest risk of recession since 2007

The risk of a U.K. recession is at its highest level in more than a decade, according to the Resolution Foundation.

Economy News
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