Economy News

Govt gameplan for sell-off gets a boost thanks to identification strategy of PSUs

Govt gameplan for sell-off gets a boost thanks to identification strategy of PSUs

New Delhi: The government proposes to start afresh the process to firm up the list of companies for strategic sale and disinvestment as changed market dynamics post the Covid-19 outbreak and the need for distinguishing between strategic and non-strategic sectors have completely changed the gameplan ...

Readmore

US economy recovers two-thirds from Covid, but a contraction is forecast

US economy recovers two-thirds from Covid, but a contraction is forecast

Washington: US economic activity grew at a record pace in the third quarter (Q3) after a record decline amid COVID-19 shutdowns, recovering about two-thirds of the ground lost in the first half of year.With surging cases and an uncertain prospect for more stimulus, the momentum toward recovery is sl...

Readmore

How JAM trinity and 351 schemes helped Modi govt save Rs 1.70 lakh crores

How JAM trinity and 351 schemes helped Modi govt save Rs 1.70 lakh crores

New Delhi: The system of sending money directly to beneficiaries through the Jan Dhan account, Aadhaar and mobile has saved more than Rs 1.70 lakh crore rupees from falling into the hands of middlemen. This was made possible by the Modi government's direct benefit transfer (DBT) facility implemented...

Readmore

Telangana goes electric, attracts 6 EV firms, Rs 2,500 crores and 7000 jobs

Telangana goes electric, attracts 6 EV firms, Rs 2,500 crores and 7000 jobs

Hyderabad: Six firms in the electric mobility space will set up their facilities in Telangana with an investment of over Rs 2,500 crore.These firms including Mytrah Energy, Olectra Greentech and ETO Motors on Friday signed memoranda of understanding with the state government.The biggest investment i...

Readmore

For a better economy, diversify export basket, PHD recommends

For a better economy, diversify export basket, PHD recommends

New Delhi: Indian should diversify its portfolio of exports both in terms of products and countries, according to a report by PHD Chamber of Commerce and Industry.It said that exports will not only balance the external sector but will also become a major growth vehicle in the economy and also increa...

Readmore

Facing water & land scarcity? New Study blames Globalization

Facing water & land scarcity? New Study blames Globalization

London: International trade in a highly interconnected world is putting more pressure on water, energy and land resources than domestic productions, says a new study.The results, published in the journal Global Environmental Change, suggest that globalisation may be decreasing, rather than increasin...

Readmore

Cuba rues about US sanctions, complains of $144bn damage

Cuba rues about US sanctions, complains of $144bn damage

Havana: The US trade embargo against Cuba has caused more than $144 billion in losses for the island nation's economy in the past six decades, Foreign Affairs Minister Bruno Rodriguez said.The burden of mounting financial, economic and trade sanctions, "for a small economy like Cuba's, is an overwhe...

Readmore

Read these offers from property developers for home buyers this covid season

Read these offers from property developers for home buyers this covid season

New Delhi: As the pandemic and the lockdowns brought housing demand to a halt, festivities seemed just apt for real estate developers to attract buyer interest and sell off inventory.Builders across the country have come up with easy payment plans, subvented interest rates, construction allowance, a...

Readmore

Third voice for another fiscal stimulus, this time from Niti Aayog

Third voice for another fiscal stimulus, this time from Niti Aayog

New Delhi: It has barely been three days but the industry seems to have rallied for a second fiscal stimulus package. On Thursday, NITI Aayog Vice Chairman Rajiv Kumar called for the next round of stimulus package from the government.He said the next fiscal stimulus should be focused on infrastructu...

Readmore

Consumer confidence in October still weak finds study

Consumer confidence in October still weak finds study

New Delhi: With no signs of reprieve from the pandemic in near future and economy yet to show major indications of a revival, India's consumer confidence has declined by 0.3 percentage points in October 2020, as per the monthly Refinitiv-Ipsos Primary Consumer Sentiment Index (PCSI).The monthly PCSI...

Readmore