Topics: Economy

Ex-PM Manmohan Singh says, “No, hope of becoming a $5 trillion economy, if the growth keeps going down.”

Former Prime Minister Manmohan Singh on September 12 said there was no hope of Modi government's promise of $5 trillion economy becoming a reality...

IMF: Tariffs imposed by the U.S., China may decrease global GDP by 0.8% for 2020

Tariffs imposed or threatened by the United States, and China could shave 0.8% off global economic output in 2020 and trigger more losses in...

China, US trade shrinks as tariff war worsens

China's trade with the United States shrank by double digits in August as the two sides prepare for trade talks with no sign of...

London Stock Exchange to acquire Refinitiv for $27 billion

The London Stock Exchange Group said on Friday it was in discussions to acquire financial data analytics provider Refinitiv Holdings for $27 billion, including...

North Korea’s economy drops the most in 2018 since 1997

North Korea's economy shrank in 2018 for a second straight year, and by the most in 21 years, hit by international sanctions to stop...

UK Finance Minister Philip Hammond may resign, over no-deal Brexit

Finance Minister Philip Hammond said on Sunday he would resign if Boris Johnson became Britain’s new prime minister because he could not support a...

Raghuram Rajan says, “Brexit is a reason why he didn’t apply for the job to lead Bank of England.”

RBI's ex-Governor Raghuram Rajan on Friday said that “the political challenge posed by the Brexit were the few reasons why he didn’t apply for...

Haruhiko Kuroda, Governor of Bank of Japan, denounced Morden Economic Philosophy

Bank of Japan Governor Haruhiko Kuroda on July 19 denounced an economic philosophy that encourages the use of government spending as a primary policy...

UK retail sales surge by 1% in June

British retail sales rebounded unexpectedly in June, according to official data that may raise hope the economy will sidestep a downturn in the second...

Imran Khan’s Finance Advisor: IMF’s $6 billion bailout package to Pakistan, would attract another $38 billion from other lenders

The IMF's decision to provide a USD 6 billion bailout package to Pakistan has improved the cash-strapped country's standing, and it would attract USD...

Pakistan’s Parliament approves Rs 7.022 trillion federal budget

Pakistan's Parliament on June 28 gave its nod to the Rs 7.022 trillion federal budget for fiscal 2019-20, as the ruling party and its...

Prime Minister Narendra Modi hits out at unilateralism and trade protectionism at SCO Summit

Prime Minister Narendra Modi on June 14 hit out at unilateralism and trade protectionism and said that there is a need for a rules-based,...

China’s industrial growth reports 17 years low in May

China’s industrial output growth unexpectedly slowed to a more than 17-year low in May, while investment also cooled, in the latest sign of weakening...

EAC to issue “Point-to-Point rebuttal” over former CEA Arvind Subramanian’s overestimated GDP number claims

The Economic Advisory Council to the PM on June 12 refuted the claims of former CEA Arvind Subramanian regarding overestimation of GDP numbers and...

Report: e-Money shares in India’s payment systems grew up by 21.5%

Getting a leg-up from the demonetization of Rs 500 and Rs 1,000 notes in November 2016, the share of e-Money in India's payment systems...

Indian Economy Reacts to Narendra Modi’s Re-election

“The Indian economy is climbing to record-level stability after Narendra Modi led his Bharatiya Janata Party to a landslide victory.” With a strong mandate,...

Nirmala Sitharaman to attend G20 Finance Ministers meeting in Japan

Finance minister Nirmala Sitharaman will attend the two-day meeting of G-20 finance ministers and central bank governors in Japan beginning June 8, said a...

World Bank retains India’s growth rate at 7.5% for FY20

India is projected to grow at 7.5 percent in the next three years supported by robust investment and private consumption, the World Bank has...

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's dominant reserve currency, the Sino-US trade war may offer a window...

UAE, Saudi Arabia commits $3 billion as financial aid to Sudan

Saudi Arabia and the United Arab Emirates said they had agreed to send Sudan $3 billion worth of aid, throwing a lifeline to the...

Ashish Sinha: India’s growth trajectory holds tremendous potential for global stakeholders

India's growth trajectory holds immense potential for global stakeholders to establish energy, infrastructure, and technology collaboration with the country, a UN forum here has...

IMF’s bailout package for Pakistan to be delayed: Reports

The IMF's bailout package to Pakistan could be delayed as both sides are still engaged in an intense conversation to finalise the agreement and...

Mike Pompeo defends sanctions, says the US won’t quit fight in Venezuela

US Secretary of State Mike Pompeo on Friday defended sanctions on Venezuela and said the United States would not "quit the fight" in the...

China’s economic growth in 2019 is expected to slow by 6.2% despite policy support

China's economic growth is expected to slow to a near 30-year low of 6.2 percent this year, a Reuters poll showed on April 12,...

World Bank: India’s economic growth driven by domestic demands, need to focus more on exports

India's economic growth in recent years has been "too much" driven by domestic demand and its exports were about one-third of its potential, a...

China outlines 10 billion dollars fresh tax and fee cuts to lift its economy

China has unveiled tens of billions of dollars worth of tax and fee cuts as part of a drive to kickstart the stuttering economy,...

Oil jumps Five months high on firmer China data, prospect of fresh supply crubs

Oil prices climbed to nearly five-month highs on Tuesday, supported by firm Chinese economic data that eased demand concerns, the possibility of more sanctions...

Prime Minister Narendra Modi and FM Arun Jaitley don’t know anything about Economy says, Subramanian Swamy

BJP MP Subramanian Swamy on March 23 claimed neither Prime Minister Narendra Modi nor Finance Minister Arun Jaitley knew economics, as they dub India...

Wall Street dips after the global economic slowdown report

Wall Street stocks sold off sharply on Friday, with all three major US stock indexes posting their biggest one-day percentage declines since Jan. 3,...

Ravi Shankar Prasad: IT sector has created 8.73 lakh jobs in 5 year

While speaking with reporters on Wednesday, IT minister at Government of India, Ravi Shankar Prasad said that "the IT sector has created nearly to...

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