Topic: World Economic Outlook
IMF cuts India growth forecast to 4.8%, flags stress in non-bank financial sector
IMF chief economist Gita Gopinath cites decline in rural demand growth and an overall credit sluggishness for lowering of India forecasts.
Risk of ‘sharp, sudden’ financial tightening has risen, IMF says
Policy makers urgently need to take action to tackle financial vulnerabilities that could exacerbate the next economic downturn, IMF says.
Simplify GST to maintain high growth, IMF tells India
Also urges a clean-up of banks' balance sheets as it projects growth at 7.8% for FY 19-20.
The curious case of Nitish Kumar — 87% anger, 100% victory
In the supposedly most-politicised state in India, people say they don’t have ‘options’ this election.
Tata woos investors for digital platform as it seeks to compete with Jio, Amazon, Flipkart
Tata Sons is working with advisers to explore bringing in financial or strategic investors, including global tech companies, for its new digital entity.
Defence
Govt scraps offset policy for govt-to-govt deals, allows leasing of defence equipment
The new Defence Acquisition Procedure 2020, which was unveiled by Defence Minister Rajnath Singh Monday and kicks in on 1 October, also cuts down procurement time.
Partners dispensable in Modi-Shah construct if they do not bring additional votes
In the Modi-Shah construct, if partners do not bring additional votes, they are dispensable. However old or loyal, either they become supplicants, or die.