Tuesday, 24 May, 2022
TopicEconomic Recovery

Topic: Economic Recovery

China tells inefficient firms to toughen up or prepare to fail

Beijing has in recent months rolled out more measures aimed at increasing the efficiency of the country’s capital markets, as well as the quality of its companies.

Singapore economy continues slow recovery from worst slump in its history

For the full year, the city-state’s economy shrank 5.8%, the worst showing since independence more than a half-century ago and the first annual contraction since 2001.

2020 is the worst year since Independence, but not only because of Covid

As the country enters the third decade of the century, one thing is clear: Its institutions and instincts, resources and reserves will face tough stress tests.

Indian economy began stabilising in November as retail demand picked up

The pace of activity was enough for the RBI to revise its forecast for the economy, which it now expects to exit a recession in the current quarter to December.

Why India wants a V-shaped economic recovery at any cost

Politicians will want their V-shaped recovery at any cost. How RBI manages their demands against threats to financial stability from cheap money is what matters.

New Zealand says its strict Covid lockdown is paying off as economy rebounds

Economic growth will recover more rapidly while budget deficits and net debt will be lower than expected, New Zealand's Finance Minister Grant Robertson said.

India’s Covid-hit economy recovering, prioritise implementing support programs, says IMF

IMF says fiscal, monetary and financial sector measures gave much-needed support to the severely affected economy, including businesses, agriculture, and households.

V-shaped recovery is evident, global uncertainty not mirrored in India, finance ministry says

Finance ministry’s monthly outlook report for November says another wave of Covid is a downside risk, but there’s growing optimism thanks to vaccines and other factors.

Modi govt’s Rs 2.6 lakh crore stimulus package will help India tomorrow, not today

With consumer demand at an all-time low, the Modi govt has to focus on bridging the widening gap between private consumption and public investment.

Robust Diwali shopping is another sign that Indian economy is reviving

In the run-up to Diwali, retailers saw a 55% jump in online sales from a year ago to $4.1 billion. Data also shows an increase in new vehicle registrations during October.

On Camera

YourTurn

Golden Temple

What Akal Takht must know about harmonium and music before banishing it from Golden Temple

In an era where India’s past and ‘purity’ are constantly being dug up and debated, the humble harmonium has become the latest victim.

World’s $300 trillion in debt. Here’s what it means for services like health, education

To meet debt payments, at least 100 countries will have to reduce spending on essential services, the IMF estimates.

Defence

Boeing's F/A-18 Super Hornet pulls off its first successful launch from a ski-jump at Naval Air Station Patuxent River, US | Photo credit: Boeing

2 American Super Hornets in India as Boeing looks to showcase fighters for Navy deal

Navy looking at about 26 multi-role deck-based fighters for its aircraft carrier. Visit by Super Hornets comes close on heels of similar trip by competitor Rafale M of Dassault Aviation.

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.
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