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Economy

Representational image of flower sales. | Photo: WallpaperFlare

Flowers ending up as ‘cheap cattle feed’ — floriculturists turn to fruits as trade wilts

Floriculturists say Covid fears and lockdown have damaged their business across India and exports too as flowers are considered a luxury item.
tractor

India’s tractor industry expected to recover from lockdown ahead of others

Moves to boost rural employment will eventually lead to lesser labour availability, driving higher farm mechanisation and tractor sales, Nomura says.

Why Modi govt failed to give a big fiscal boost to economy hit by coronavirus

The looming threat of a credit rating downgrade to junk may have held officials back from delivering a more immediate boost to the economy.
Commuters cross a road near Chhatrapati Shivaji Maharaj Terminus railway station in Mumbai

India’s debt binge will widen overall 2020-21 fiscal deficit to 13%, HSBC says

Debt sales by state entities may have also widened fiscal deficit for 2019-20 to 10.2% of GDP from 9% estimated before coronavirus outbreak, HSBC says.
Finance Minister Nirmala Sitharaman announcing details of the Modi govt's Rs 20 lakh crore economic package Wednesday | Photo: ANI

Sitharaman says more support measures not ruled out but will depend on how pandemic evolves

In her interviews to three newspapers, Finance Minister Nirmala said no decision on monetisation of deficit has been taken yet.
Representational image

Rupee rises 6 paise to 75.60 against US dollar in early trade

Forex traders said a positive start of domestic stocks supported the local unit, while sustained foreign fund outflows and concerns over Covid weighed on the local unit.

Moderna shares fall from all-time high as euphoria around Covid vaccine data wears off

Moderna's shares, which nearly made an MIT professor a billionaire, began to slide after a report from the health publication Stat highlighted the early nature of the vaccine data.
Rishi Sunak

Rishi Sunak warns UK is headed into ‘severe recession’ unprecedented in scale

The Bank of England has predicted that a three-month lockdown could lead to a 14% slump this year — the deepest recession since the early 18th century.
Chinese president Xi Jinping | Andrey Rudakov/Bloomberg

Xi Jinping faces a threat: China’s millions of newly jobless people

The widespread struggle to earn cash risks turning into a big political problem for Chinese President Xi Jinping.
indian economy

With hiring set to resume, worst seems to be over for India’s jobless: Staffing firm Quess

MNCs & large Indian corporates have indicated that they may go ahead with at least 70% of their planned hirings, Quess Corp says.

On Camera

Does Trump help or harm India’s interests when he offers to mediate with China, Pakistan?

US President Donald Trump Wednesday offered to mediate between India and China over the "raging border dispute".

Defence

Indian and Chinese soldiers jointly celebrate the New Year 2019 at Bumla along the Indo-China border, Arunachal Pradesh

Chinese aggression in Ladakh also a message for domestic and external audience: Experts

International experts say the timing is troubling as it comes at ‘a critical phase in India's internal difficulties with the Covid-19 pandemic’.
Illustration: Soham Sen | ThePrint

PM, CM, DM: India’s 3 big power centres have been exposed by one disaster

The prime minister, chief minister and district magistrate are the three engines of India’s governance, but their handling of the coronavirus pandemic is going awry.