Economy
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.
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'.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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
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-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.
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’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.
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.
‘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.
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.
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
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.
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