Friday, May 27, 2022
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Economy

US Economy Shrank By 1.5% In Q1 But Consumers Kept Spending

US Economy Shrank By 1.5% In Q1 But Consumers Kept Spending

Last quarter's drop in the US gross domestic product — the broadest gauge of economic output — does not likely signal the start of a recession

26 May 2022
How Modi Government Is Fighting Inflation To Protect Middle Class' Purchasing Power

How Modi Government Is Fighting Inflation To Protect Middle Class' Purchasing Power

Worried about rising prices, the Reserve Bank of India (RBI) was forced to hold an unscheduled meeting to raise the benchmark interest rate by 40 basis points...

26 May 2022

US Fed Officials Signal Rates May Head To 'Restrictive' Levels

All the officials believed that the Fed should “expeditiously” raise its key rate to a level at which it neither stimulates nor restrains growth, which...

India's Economy Seen Growing 9.2% In FY22 On Upbeat Rural Sector, Credit Demand: BoB

India's Economy Seen Growing 9.2% In FY22 On Upbeat Rural Sector, Credit Demand: BoB

As per government's advance estimates, the gross domestic product (GDP) in FY22 is projected to grow by 8.9 per cent.

25 May 2022

Advanced Economies To Be Back On Track By 2024: Gita Gopinath

Economies worldwide have been adversely impacted by the coronavirus pandemic and are slowly coming back into the recovery path.

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23 May 2022
Recession Not Inevitable, Pain To Last 'Some Time': Joe Biden

Recession Not Inevitable, Pain To Last 'Some Time': Joe Biden

Speaking at a news conference Monday in Tokyo, Biden acknowledged that the American economy has “problems,” but said it was better positioned than other...


23 May 2022
Pandemic Creates New Billionaire Every 30 Hours: Oxfam

Pandemic Creates New Billionaire Every 30 Hours: Oxfam

The WEF, which describes itself as an international organization for public-private partnership, is hosting its annual meeting in Davos after a gap of more...


20 May 2022
Decline In Cryptocurrency To Have Little Impact On Economy: Goldman Sachs;  Bitcoin rises

Decline In Cryptocurrency To Have Little Impact On Economy: Goldman Sachs; Bitcoin rises

Bitcoin rose by 4.31 per cent, while Ethereum was up by 5.85 per cent in the last 24 hours


18 May 2022
India Better Placed To Face Global Challenges And Uncertainties: CEA Nageswaran

India Better Placed To Face Global Challenges And Uncertainties: CEA Nageswaran

India, he said, has already taken a host of reforms in banking and other sectors and is now focussing on stepping up public investment.


17 May 2022
Low, Stable Inflation Critical For Spurring Growth: RBI Article

Low, Stable Inflation Critical For Spurring Growth: RBI Article

The article titled 'State of the Economy' notes that the Indian economy consolidated its recovery, with most constituents surpassing pre-pandemic levels of...


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17 May 2022
Economy Likely To Grow 12% To 13% In Q1: ICRA

Economy Likely To Grow 12% To 13% In Q1: ICRA

Citing rising inflation worries, ICRA said the consumer price index is expected to average at 6.3-6.5 per cent this fiscal.


15 May 2022
As Inflation Soars, Sale Of Low-Unit Price Packs Jumps; FMCG Firms Go For Grammage Cut, Bridge Packs

As Inflation Soars, Sale Of Low-Unit Price Packs Jumps; FMCG Firms Go For Grammage Cut, Bridge Packs

The growing commodity prices and unprecedented inflation touching a new high, have forced the consumers to tighten their purse strings and opt for the low-unit...


15 May 2022
Majoritarianism Will Be Extremely Dangerous For The Future Of India, Says Raghuram Rajan

Majoritarianism Will Be Extremely Dangerous For The Future Of India, Says Raghuram Rajan

Addressing a webinar, Rajan emphasized the need to make the government more responsive to criticism by removing some of the legislative constraints on...


13 May 2022
At Rs 2898 Crore, Delhi Records Highest Ever GST Collection For April

At Rs 2898 Crore, Delhi Records Highest Ever GST Collection For April

The GST collection in April 2021-22 was Rs 2,325 crore, while it was a meagre Rs 320 crore in 2020-21.


12 May 2022
Industrial Production Rises 1.9% In March; 11.3% In 2021-22

Industrial Production Rises 1.9% In March; 11.3% In 2021-22

As per the Index of Industrial Production (IIP) data released by the National Statistical Office (NSO), the manufacturing sector's output grew 0.9 per cent in...


11 May 2022
US Inflation Hit 8.3% In April But Slows From 40-Year High

US Inflation Hit 8.3% In April But Slows From 40-Year High

On a month-to-month basis, prices rose 0.3 per cent from March to April, the smallest increase in eight months. 


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11 May 2022
RBI's Rate Hike To Dampen Demand, Prolong Recovery: Sources

RBI's Rate Hike To Dampen Demand, Prolong Recovery: Sources

According to sources, decisions of various central banks will have a bearing on the demand, thus hurting the global economy which has yet to reach a...


11 May 2022
Sri Lanka Economic Crisis: Central Bank Chief Threatens To Resign Amid Political Unrest

Sri Lanka Economic Crisis: Central Bank Chief Threatens To Resign Amid Political Unrest

Sri Lanka’s worst economic crisis has provoked widespread protests calling for political reform and the resignation of President Gotabaya Rajapaksa.


05 May 2022
Jump.trade Registers 1.2 Million NFT Buyers Through Cricket NFT Drop

Jump.trade Registers 1.2 Million NFT Buyers Through Cricket NFT Drop

Jump.trade, a global gaming NFT marketplace introduced by GuardianLink witnessed traffic of over a million during the live drop


04 May 2022
Growth To Be In Range Of 7% To 8.5% Given Global Uncertainties: CEA Nageswaran

Growth To Be In Range Of 7% To 8.5% Given Global Uncertainties: CEA Nageswaran

The International Monetary Fund recently lowered its growth forecast to 8.2 per cent which is higher than 7.2 per cent by the Reserve Bank of India.


04 May 2022
RBI Taking Inflation, Inflationary Expectations Seriously: Uday Kotak

RBI Taking Inflation, Inflationary Expectations Seriously: Uday Kotak

The RBI on Wednesday after an unscheduled MPC meeting hiked the benchmark lending rate by 40 basis points (bps) to 4.40 per cent to contain inflation.


04 May 2022
Rate Hike Signals RBI Wants To Act Quickly Before Inflation Derails Growth: Experts

Rate Hike Signals RBI Wants To Act Quickly Before Inflation Derails Growth: Experts

The RBI after an unscheduled MPC meeting hiked the benchmark lending rate by 40 basis points (bps) to 4.40 per cent to contain inflation.


04 May 2022
States' Off-Balance-Sheet Borrowings At Decadal High; Will Hurt New Investments: Report

States' Off-Balance-Sheet Borrowings At Decadal High; Will Hurt New Investments: Report

The Centre has been trying to decrease its hidden borrowings and show a truer picture of the finances for the last few years.


04 May 2022
Economy Faces Headwinds From Global Spillovers: RBI

Economy Faces Headwinds From Global Spillovers: RBI

The RBI slashed the GDP growth projection for the fiscal 2022-23 to 7.2 per cent from its earlier forecast of 7.8 per cent.


04 May 2022
Common Features Of Economic Crises– Dr.Yasam Ayavefe

Common Features Of Economic Crises– Dr.Yasam Ayavefe

There are a lot of notions for an economic crisis to occur. Perhaps the causes of the economic crisis today, the most serious since the war, can probably be...


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