Home Economy Page 2


A market in China (representational image) | Commons

Chinese can step out now, but their online shopping lists show they don’t plan to

China’s experience shows even after outbreaks are contained, lingering fear is likely to change consumer behaviour for longer than expected.
(Photo for Representation)

India’s budget is under strain on first day of new financial year

As India conducts world’s biggest lockdown, budget pressures will worsen on the back of a prolonged slowdown and depressed tax collections.
US markets

If Covid-19 hadn’t caused the stock market crash, something else would have

Shortfalls in revenue & cash flows, caused by shutdowns, have simply exposed vulnerabilities of a structurally unsound economic & financial system.
Union Finance Minister Nirmala Sitharaman chairs a pre-budget meeting with industrialists, at Finance Ministry in New Delhi, Thursday, Dec. 19, 2019. | PTI

Govt slashes small savings scheme rates up to 1.4% for April-June quarter

Term deposits of 1-3 years will now fetch an interest rate of 5.5%, down from 6.9%, while the five-year term deposit will earn 6.7% instead of 7.7%.
China is loosening the criteria for factories to resume operations as it walks a tightrope between containing the coronavirus and preventing a slump in the world's second-largest economy | Representational Image | Qilai Shen | Bloomberg

Economists are losing hope in a ‘V-shaped’ post-virus recovery

The base case for forecasters is that a recovery, perhaps even a vigorous one, gets under way in the second half of 2020.
PM Narendra Modi at the 150th anniversary of the Kolkata Port Trust | PTI

Modi govt meets fiscal deficit target for 2019-20, says economic affairs secretary

DEA secretary says govt will do all that’s necessary to meet expenditures related to health, to provide for the poor and for resurgence and recovery of industry.
RBI Governor Shaktikanta Das | ThePrint illustration by Soham Sen

Banks finally start moving on 3-month loan EMI deferment, after push from govt and RBI

While RBI announced a three-month loan moratorium on 27 March, most banks are yet to issue clear guidelines on how borrowers can avail the scheme.
File image of food grains | Photo: Bloomberg

Punjab and Haryana stare at massive farm crisis as lockdown leads to labour shortage

Punjab, Haryana need nearly 16 lakh farm hands, but there are no labourers — while most have returned to their home states, the seasonal labour isn’t able to come.
UN logo

India, China likely to escape world recession: UN report

The UNCTAD said that advanced economies & China have put together massive govt packages which, according to the G20, will extend a USD 5 trillion lifeline to their economies.
A buyer monitors market fluctuation (Representational Image) | PTI

Sensex surges over 800 points, Nifty at 8,400

According to traders, despite concerns over the rising Covid-19 cases & the economic fallout of the nationwide lockdown, investors are value-buying during each dip.

On Camera

People wearing masks in a park in Shanghai, China | Qilai Shen | Bloomberg

Asians will become the new Muslims — how coronavirus will change our world like 9/11

To control another Covid-19 outbreak, solutions like body screening, temperature guns, sanitising kits will become a permanent part of our lives.
Illustration: Soham Sen | ThePrint

Is there a risk of Modi govt using Covid-19 to curb media and freedoms or is it necessary?

Surveillance is becoming a key concern during the Covid-19 crisis. The Supreme Court has also directed media to publish the official version of the developments.


The consignment in Maldives

IAF airlifts 6.2 tonnes of essential medicines, hospital consumables to Maldives

The consignment was airlifted to Male by an Indian Air Force C-130 aircraft, as part of 'Operation Sanjeevani'.

Modi’s India isn’t Mao’s China. Silly forecasts assume we’ll let corona kill millions of us

There are many scary scenarios about how badly we Indians may be affected or how many killed by Covid-19. But they presume we will do nothing to influence our fates.