• 

  Pakistan receives $452.4mn second tranche of IMF loan

  World | December 27, 2019 10:34 IST

  The Washington-based lender, after the first review, posed trust on continuity of IMF-backed reforms needed to bring Pakistan's economy on the stability path. But, it cautioned against fiscal slippages with risks to reforms remaining elevated. The growth was projected to further slide to 2.4 per cent in the current fiscal year from 3.3 percent in the last fiscal of 2018/19, The News International reported.

• 

  India's growth rate didn't match increase in jobs: IMF

  Business | December 24, 2019 7:46 IST

  The International Monetary Fund (IMF) has said that India's high growth rate in recent years did not lead to a matching increase in formal sector jobs and labour market participation has declined. The IMF's report on its annual consultations with India released in Washington on Monday said that while India has lifted millions out of poverty as one of the world's fastest-growing economies, "recent labour market data suggests that unemployment is high while labour force participation has decreased, particularly for females."

• 

  73 percent Muslims feel CAA will hike population, economic burden

  India | December 21, 2019 20:39 IST

  Just over 47 per cent of Indians feel that the Indian Constitution had been violated by the recently-passed Citizenship Amendment Act but nearly the same number differs on this issue, according to an IANS-CVoter survey.

• 

  BJP has destroyed India's economy and GDP, says Priyanka Gandhi in 'Bharat Bachao' rally

  India | December 14, 2019 13:35 IST

  Congress Secretary Priyanka Gandhi on Saturday slammed the government during the 'Bharat Bachao' rally. She attacked the Modi government over several issues including GDP, citizenship act, women safety and economy.

• 

  Priyanka Gandhi questions PM's 'silence' over economy

  India | December 13, 2019 10:49 IST

  Congress General Secretary Priyanka Gandhi on Friday questioned the ruling Bharatiya Janata Party (BJP) for its economic policies and thus keeping it's pressure on the economy even in the face of a discourse dominated by the Citizenship (Amendment) Bill, 2019.

• 

  Government working on more measures to boost economy, says Nirmala Sitharaman

  India | December 07, 2019 17:22 IST

  Finance Minister Nirmala Sitharaman on Saturday said the government is working on more steps, including rationalisation of personal income tax rates, to revive the sagging economy. 

• 

  Pakistan's ailing economy gets USD 1.3-billion infusion from Asian Development Bank

  India | December 06, 2019 16:43 IST

  Cash-strapped Pakistan received a USD 1.3-billion loan from the Asian Development Bank (ADB) on Friday to support the country's public finances and shore up the slowing economy. 

• 

  Pakistan's ailing economy gets USD 1.3-billion infusion from ADB

  World | December 06, 2019 15:34 IST

  "ADB is committed to providing wide-ranging support to strengthen Pakistan's economy and reduce the risk of external economic shocks," said ADB Director General for Central and West Asia Werner Liepach. While USD 1 billion has been extended to Pakistan to improve its current account deficit, strengthen its revenue base, USD 300 million has been extended for the energy program, another ADB press release said.

• 

  Economists, experts expect another RBI booster dose to prop up slowing economy

  Business | December 05, 2019 13:02 IST

  In October, the RBI's MPC stuck to its "accommodative stance" by reducing its key lending rate to 5.15 per cent, the lowest in around a decade. The record low repo was set at 4.75 per cent in April 2009 as a result of the global financial crisis.

• 

  Nirmala Sitharaman hints at more interventions amid growth pangs

  Business | November 30, 2019 18:22 IST

  Finance Minister Nirmala Sitharaman said on Saturday that several significant steps in structural reforms have been taken in the past few months and responses/interventions addressing the needs of the economy will continue, indicating more relief measures could be on the anvil, if so needed.

• 

  CPEC to inflict heavy debt burden on Pakistan: US

  World | November 24, 2019 23:58 IST

  Wells emphasised the CPEC was not an aid to Pakistan but a form of financing that guaranteed profits for Chinese enterprises, with little benefits for Islamabad.

Advertisement
• 

  Congress must lead Opinion in Parliament to expose 'utter mismanagement' of economy: Chidambaram

  India | November 18, 2019 12:27 IST

  Senior Congress leader P Chidambaram on Monday said his party must lead the Opposition in Parliament to expose the "utter mismanagement" of the economy by the Modi government.

• 

  India world's most open, investment friendly economy: PM Modi at BRICS Business Forum

  India | November 14, 2019 8:16 IST

  "I thank the President of Brazil for deciding the visa free entry to Indians. We five countries should also consider mutual social security agreement," Modi said. Prime minister Modi is in Brazil for the 11th BRICS Summit which will focus on building mechanisms for counter-terrorism cooperation and strengthen India's ties with the world's five major economies.

• 

  Demonetisation proved to be disaster that all but destroyed economy: Priyanka

  India | November 08, 2019 9:36 IST

  "3 years since Demonetisation and every claim made by the government and those hailing it as a slayer of all evils has been turned on its head. It proved to be a disaster that has all but destroyed our economy," Priyanka Gandhi said in a tweet.

• 

  'Financial emergency' looms due to 'wrong' govt policies: Congress

  Politics | November 07, 2019 22:51 IST

  The country is being pushed towards "financial emergency" because of the Centre's "wrong" economic policies, the Congress said on Thursday. Even three years after the demonetisation exercise, the country is still facing its after-effects, the party said on the eve of the Modi government's November 8, 2016 decision to scrap high-value notes.

• 

  Power from non-coal sources on rise in India

  India | November 05, 2019 11:42 IST

  Collectively, power from all non-coal sources grew by about 24,000 gigawatt hour or 8.4 per cent to the end of October 2019 with hydro, solar and nuclear energies adding substantially to their generation levels and continuing upwards.

• 

  Pakistanis feel inflation, not Kashmir, is biggest problem facing them

  World | November 01, 2019 15:47 IST

  The study, which was published by Gallup and Gilani Pakistan on Tuesday, said 53 per cent of respondents believe the country's economy, specifically increasing inflation, is the biggest problem facing the country.

• 

  No proposal to launch gold amnesty scheme: Govt sources

  Business | October 31, 2019 15:57 IST

  The clarification comes amidst media report indicating the government move to launch amnesty scheme that will allow individuals and entities to declare their unaccounted gold holding without risk of being prosecuted.

• 

  Killing of truckers an attack on economy and livelihood of people

  India | October 26, 2019 18:47 IST

  Terming the killing of truckers as an attack on the economy and livelihood of the people, Jammu and Kashmir Police chief Dilbag Singh on Saturday said the investigation into such cases was underway and that the police have got important clues.

• 

  Zomato expects small towns to contribute 50% of monthly order volume

  Business | October 22, 2019 17:33 IST

  A majority of the launches across the smaller cities reached the initial 1000-orders-a-day milestone within a few weeks, if not days, Goyal said in a blog. While average order value is lower in non-metro cities by 20 per cent, the cost of delivery is lower by 50 per cent making the economics superior in comparison to the metro cities, he added in the blog.