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Sunday, January 24, 2021

Economic Slowdown

Most people expect global economic revival in 2021: Survey

New Delhi, Jan 7 (IANS): Majority of the people in India and globally expect the global economy to revive and emerge stronger in 2021, according to the Ipsos Predictions 2021 Survey. An Ipsos statment showed that at least three in four...

Rising joblessness: India’s employment scenario worsens in December

New Delhi, Jan 7 (IANS) The employment scenario in the country, which improved post the lifting of the lockdown, has worsened in December, according to data from the Centre for Monitoring Indian Economy (CMIE). The unemployment rate in the country...

Hotel occupancy levels improved to 35% in Nov 2020: JLL

Mumbai, Jan 5 (IANS) With the emergence of recovery indicators, the hospitality sector has also witnessed a revival in room night demand in the last quarter of 2020, as compared to the previous quarters of the year, global professional...

Interest, Inflation and Interventions weakened Indian rupee in 2020

By Rohit Vaid, Mumbai, Dec 31 (IANS) India's interest rates, high inflation and Reserve Bank's market interventions weakened the rupee despite a massive inflow of direct and market-linked foreign investments during the pandemic-impacted year. While major Asian currencies have appreciated...

Earnings to recover sharply in FY22 on economic revival: Report

Mumbai, Dec 17 (IANS) Corporate earnings are likely to witness a sharp revival in the next financial year backed by economic recovery, said a report by Kotak Institutional Equities. "We expect 28 per cent and 19 per cent growth in...

Crisil revises India’s GDP contraction to 7.7 pc in FY21

New Delhi, Dec 14 (IANS) With a sharp recovery seen in GDP contraction in the second quarter period, rating agency Crisil has revised upwards its growth projections for India. A Crisil research report said on Monday that India's fiscal 2021...

Fitch raises India’s FY21 GDP forecast to 9.4%

New Delhi, Dec 8 (IANS) Global credit rating agency Fitch on Tuesday raised its FY21 GDP growth forecast for India by predicting a narrower economic contraction of (-) 9.4 per cent from an earlier predicted fall of (-) 10.5...

India officially enters recession, but contraction in Q2FY21 GDP recedes

New Delhi, Nov 27 (IANS) Even though India's economic recovery accelerated in Q2FY21 from the lows of the pandemic-induced lockdown, the country, for the very first time since Independence, entered into a technical recession. The National Statistical Office (NSO) data...

Economic reforms will continue, more ahead, says Sitharaman

New Delhi, Nov 23 (IANS) Union Finance Minister Nirmala Sitharaman on Monday said that the government will continue its reform agenda and take up more measures in days ahead. In her address at the National MNCs Conference 2020, organised by...

Healing economy expected to keep markets high

By Rohit Vaid, (IANS) Economic recovery along with hopes of a Covid-19 vaccine will keep domestic stock markets high during the upcoming trade week. Analysts opined that markets are likely to oscillate between renewed fears of rising covid cases globally...

Latest News

Northeast has potential to become big tourist hub: Amit Shah

Shillong, Jan 23 (IANS) Union Home Minister Amit Shah on Saturday said that the central government led by Prime...