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Saturday, May 18, 2024
TopicEconomy

Topic: Economy

Central govt allows exports of wheat flour processed from imported grain

India will allow food processors to import duty-free wheat against a commitment to export flour, the order said.

UK PM Liz Truss rethinking tax-cut plans amid vocal criticism of economic strategy

The government has repeatedly said it would stick to most of her tax cut plans while also protecting public spending, but economists and critics say something has to give.

Passenger vehicle sales nearly double in Sept vs year ago after semiconductor shortages ease

With demand high during festive season, sales doubled to 3,07,389 units from a year ago, the Society of Indian Automobile Manufacturers (SIAM) said on Thursday.

Share prices surge with decline in global oil rates, Sensex crosses 57,200, Nifty over 17,000

India, the world's third-biggest importer and consumer of oil, benefits from a fall in prices as it brings down imported inflation.

Inflation at just 3 per cent—why Japan’s economy is doing much better than fellow G7 nations

The US had inflation of 8.3 per cent in the same month, Canada stood at 7 per cent, and the UK at 9.9 per cent. So why are things different in Japan?

World Bank cuts India’s growth forecast to 6.5% from 7.5% for current fiscal

In its twice-a-year report on South Asia, the international financial body noted that slowing global demand will impact the country's exports.

When will India become an upper-middle-income country like China? Unlikely for 25 yrs

India is likely to join the ranks of middle-income countries in the 2030s but will not have a per-capita gross national income comparable to upper MICs for 25+ years.

Why it’s not ‘anti-environment’ to be in favour of economic growth

Here's a fundamental misunderstanding: Economic growth is quantity driven; degrowthers think there's an insatiable demand that will have 'devastating consequences'.

India doesn’t care about GDP. What matters is JDP — Jobs Data, Please

A double-digit headline GDP growth or being crowned the world’s fastest-growing economy means very little, unless it also yields robust income growth for families.

Heard of famine wages? How British rulers’ thrift policies shaped Indian capitalism

The British govt’s management of famines saw mass deaths, underpaid work in relief camps and caste preferences.

On Camera

Ghatkopar hoarding collapse a typical Mumbai disaster—too many agencies, no one to blame

As per the BMC, there are 1,025 officially approved hoardings in the city right now. However, any Mumbaikar can tell you that number is a ludicrous underestimate.

India’s GDP to grow at 6.9% in 2024 — UN agency revises its January projection of 6.2%

Latest report by UN Department of Economic and Social Affairs says global growth to be faster than estimated earlier & India’s 'robust performance' to boost South Asia’s growth.

Spain denies port call to vessel carrying shipment of ‘arms to Israel from India’

The Spanish foreign minister says 'the Middle East does not need more weapons, it needs more peace'. Spain has been very critical of Israel’s offensive in Gaza.

Abki baar 90 paar for Congress? Why even 30 more seats will ruffle BJP

Discussion about outcome of Lok Sabha polls continues to boil in cauldron of expectations only from BJP. Now reverse this equation, what if we asked about the performance of the 'loser'?