Thursday, 1 December, 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

A group picture of Supreme court judges at Supreme Court in New Delhi | Praveen Jain | ThePrint

Ambedkar rejected collegium system, said CJI supremacy on judges’ appointment is dangerous

In May 1949, the Constituent Assembly debated the Collegium system, only to reject it thrice. Now the SC is assuming that role once again.
Representational image | Reuters

India’s economic growth at 6.3% for second quarter, slower than previous months

Government capital spending increased more than 40% during the quarter as it stepped up expenditure on roads to railways, according to official data on Wednesday.

Defence

A soldier with 'Arjun', a black kite trained to down enemy drones, during the Yudh Abhyas exercise being held in Auli, Uttarakhand | Suraj Singh Bisht | ThePrint

It’s a plane, no it’s a bird! Army’s training eagles & falcons to swoop down on hostile drones

The birds are also being trained for surveillance at Remount Veterinary Corps Centre in Meerut, with cameras fitted to their heads to record videos.

A Gujarat gamble: A likely reason Rahul is not giving Modi a fight this assembly election

I'd rather not buy idea that Rahul's holding his fire until 2024. More likely, Congress believes Karnataka offers best chance of winning a Gujarat-sized state if Gujarat is too challenging.