Wednesday, 29 June, 2022
TopicUS economy

Topic: US economy

Why RBI’s hoarding of forex reserves over currency concerns will be counter-productive

RBI’s dollar reserves now stand at $608 billion, making India the fifth-largest reserve holding country in the world.

China’s economy set to overtake the US by 2028, says report

In its World Economic League Table, the Centre for Economics and Business Research expects India to move up the rankings to become the No. 3 economy at the end of the decade.

Airlines, cannabis, insurance, Hollywood — What’s ahead under Biden, industry by industry

Here’s a breakdown of how a Biden presidency may affect some two dozen US industries and what might rise to the top of his agenda as he takes over from Donald Trump in January.

Trump vs Biden? 5 key issues on which Americans will vote for next President

There's less than week to go before 3 November US Presidential election, and these five issues stand out as important, all of which were discussed in the first and final presidential debates.

These are the world’s most miserable and least miserable economies of 2020

The Bloomberg’s Misery Index tallied inflation and unemployment outlooks for 60 economies. Almost all the economies surveyed are projected to be more miserable this year.

Sending foreign students home hurt US economy when it needs them most

Given how much international students contribute to economy, you might assume ICE would find a way to keep them in the US.

This recession is different & India can bounce back much faster than in the past

The recession this time isn’t driven by inherent weakness in economies or factors like oil shocks. It’s also synchronous. This could quicken India’s recovery.

Why the US can’t end China’s control of the global supply chain

With govts having to fund trillions of dollars in bailout packages for businesses, finding extra capital to restructure global supply chains is a tall order.

Americans are willing to pay $5 trillion to stop Covid-19 and save lives, study shows

The average person in the US is essentially willing to pay $15,000 to reduce the rates of infection through social distancing, shelter-in-place and other interventions.

US states moving to reopen divide rural and urban areas across the country

As the state eases restrictions but local officials tighten them, rural areas may be able to move quicker than densely populated regions hit harder by the virus.

On Camera

YourTurn

Biden calls on Congress to suspend gas tax for three months

Will US craft a new oil compact with Saudi Arabia? Joe Biden may have to eat his own words

Like many, India will be anxiously watching the US-Saudi Arabia summit in Jeddah—knowing its fate is tied to the decisions King Salman and Joe Biden make.
File photo of Isha Ambani, daughter of billionaire Mukesh Ambani | Bloomberg

Mukesh Ambani’s daughter Isha Ambani to be named chair of Reliance retail

Isha Ambani, the current director of Reliance Retail Ventures Ltd., is expected to be announced as the chair as early as Wednesday.

Defence

The Indian Air Force logo | Commons

Almost 4,000 enrol for IAF’s Agnipath recruitment scheme on day 1 of online registrations

These registrations pertain to the Indian Air Force's Agniveer Vayu programme. The online portal for the first phase was opened at 10 am Friday, and will close on 5 July.

With Agnipath, Modi govt’s shock & awe doctrine may have misfired a vital reform, yet again

Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.
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