Economic Slowdown
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Sonia Gandhi calls meeting party top brass November 2
India | Oct 28, 2019, 06:00 PM ISTAll the heads of the front organisations have also been summoned. The meeting is to take stock of the preparation for the nationwide agitation, which the party has planned for November 5-15. The party has decided to raise the issues of economic slowdown, unemployment, farmers' distress, PSU disinvestment and the Regional Comprehensive Economic Partnership (RCEP).
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Why is there so much 'silence'? asks Sena on economic slowdown
India | Oct 28, 2019, 06:03 PM IST"...Itna sannata kyon hai bhai?" (why is there so much silence) is the question resonating everywhere on "silence" over the future of the country and Maharashtra, the Sena said in an editorial in party mouthpiece 'Saamana'.
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Economy debate rages: Manmohan blames 'mismanagement' for slowdown
Business | Oct 17, 2019, 05:36 PM ISTFormer Prime Minister Dr. Manmohan Singh has joined the big debate centring around economic slowdown. Addressing a press conference in Mumbai, Manmohan Singh took on the BJP-led government in Centre and Maharashtra and blamed it for the current scenario in the country. Dr. Singh said, "From being No 1 in investment, Maharashtra has become No 1 in farmers' suicide."
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Parle net profit up 15% in FY-19, months after it warned of layoffs
Business | Oct 16, 2019, 11:35 AM ISTAmid Economic slowdown, privately owned Parle Biscuits — a part of the Parle Products group — reported 15.2 per cent year-on-year (YoY) growth in net profit for financial year 2018-19 (FY19), two months after the company indicated that it would have to lay off people due to slowing growth and falling demand for entry-level biscuits. The company has also asked the government for a cut in Goods and Services Tax (GST).
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Important for India to keep fiscal deficit in check: IMF chief
Business | Oct 16, 2019, 08:16 AM ISTIt is important for India to keep fiscal deficit in check, even though its revenue projections look optimistic, Chief Economist of the International Monetary Fund (IMF) Gita Gopinath has said.
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Indian economy in 'tailspin' warns Nobel laureate Abhijit Banerjee
Business | Oct 15, 2019, 02:39 PM ISTWhen "the economy going into a tailspin is the time when you don't worry so much about monetary stability and you worry a little more about demand, the demand is a huge problem right now in the economy," he said at a news conference at the Massachusetts Institute of Technology (MIT) in Cambridge on Monday after his prize was announced.
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Effects of economic slowdown more pronounced in India, warns IMF
Business | Oct 09, 2019, 11:25 AM ISTIn the United States and Germany, unemployment is at historic lows. Yet across advanced economies, including in the US, Japan and especially the euro area, there is a softening of economic activity, IMF chief said.
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HSBC set to cut up to 10,000 jobs in drive to slash costs: Report
Business | Oct 07, 2019, 09:01 AM ISTHSBC Holdings Plc is planning to cut up to 10,000 jobs 'high paid' as part of a major cost-cutting drive as interim Chief Executive Officer Noel Quinn is seeking to reduce costs across the banking group, according to Financial Times reports published on Sunday.
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RBI likely to cut repo rate for 5th time by 25 bps to boost ailing eco
Business | Oct 02, 2019, 01:50 PM ISTThe Reserve bank of India (RBI) is expected to cut the key policy rate again for the fifth in a row on Friday to complement the government's measures like reducing corporate tax and promoting credit offtake to spur economic activity during the festive season amid range-bound inflation.
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GST collections dip to 19-month low of Rs 91,916 crore in September
Business | Oct 01, 2019, 11:58 PM ISTThe Goods and Services Tax (GST) collections dropped sharply to a 19-month low of Rs 91,916 crore in September, mirroring a widening slowdown in economy triggered by shrinking consumer demand.
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No economic crisis in India, govt taking steps to make it stronger
India | Sep 19, 2019, 03:57 PM IST"To make the economy stronger, the government has taken all measures and I want to say that the fundamentals of the country's economy are strong. We are not in any crisis. Some reactions from non-banking financial companies (NBFCs) are there. But we are addressing all issues," he told a press conference at his residence here.
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Government mulling another booster dose to reinvigorate economy
Business | Sep 17, 2019, 11:56 PM ISTThe finance ministry is working on one more booster dose to give a leg-up to the economy that has hit over six-year low of 5 per cent, a senior finance ministry official said.
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Harish Salve blames SC for economic slowdown
India | Sep 17, 2019, 07:13 PM ISTSalve said the economic slowdown begun with the 2G case order when the apex court in one stroke cancelled 122 spectrum licences issued to telecom operators.
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Modi govt can't evade responsibility for economic slowdown
India | Sep 17, 2019, 04:01 PM ISTHer remarks came over a media report that automobile firm Mahindra's plants will be closed for 17 days.
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'May God bless this country': Chidambaram on state of economy from Tihar jail
India | Sep 16, 2019, 11:44 AM IST"My thoughts today are about the economy. Just one statistic tells the story. Export growth in August was -6.05%. No country has achieved GDP growth of 8% without exports growing at 20% a year," Chidambaram said.
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Job seekers in North India lack qualification, says Santosh Gangwar. Priyanka hits back
India | Sep 15, 2019, 04:10 PM IST"I want to say that there is no dearth of job opportunities in the country. Those who come for recruitment in north India often complain that they are unable to find the quality in candidates required for the post they are hiring for," Santosh Gangwar said.
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CPI-M slams Sitharaman over state of economy, asks people to rise in protest
National | Sep 15, 2019, 02:05 PM ISTThe CPI(M) on Sunday criticised Union Finance Minister Nirmala Sitharaman, saying decisions taken by her ministry have resulted in the economic slowdown.
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Don't blame gravity for dropping the catch: Priyanka Gandhi to government
India | Sep 14, 2019, 12:04 AM ISTCongress General Secretary Priyanka Gandhi Vadra, here on Friday, took a dig at the Narendra Modi government on the economic slowdown with a cricket video.
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Congress facing economic slowdown as its 'moneybag handlers' are in jail: BJP
India | Sep 12, 2019, 11:55 PM ISTHitting out at Congress chief Sonia Gandhi over her remarks on the "grim" economic situation in the country, the BJP on Thursday said she seemed to be talking about the economic slowdown in her party as its "moneybag handlers" were behind bars.
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Centre's flawed policies have caused slowdown: Former PM Manmohan Singh
India | Sep 12, 2019, 02:58 PM ISTFormer Prime Minister Manmohan Singh has blamed the PM Modi-led government's policies for an economic slowdown in the country. India's GDP had dropped to a 25-quarter low of 5% in the second quarter of 2019 (April to June) on the back of poor numbers from the manufacturing and consumption sectors.