Image for representational purposes only. The ADB on Wednesday (September 25, 2024) said that the economy is expected to accelerate in the coming quarters on improved farm output. | Photo Credit: NAGARA GOPAL The Asian Development Bank (ADB) on Wednesday (September 25, 2024) retained India’s growth forecast for the current fiscal at 7% and said…
Photo used for representation purpose only. | Photo Credit: Getty Image/iStockphoto The Periodic Labour Force Survey (PLFS) for the period between July 2023 and June 2024, released by the Labour Bureau on Monday (September 23, 2024), reported no major change in the unemployment rate, and there is minor increase in the distribution of workers in…
The rupee trimmed its initial gains against the U.S. currency but was still quoted higher by 120 paise to 67.60 per dollar on Thursday. | Photo Credit: Raghunathan S. R. The rupee depreciated 11 paise to close at 83.65 (provisional) against the American currency, weighed down by a muted trend in domestic equities and rising…
Even before the U.S. Federal Reserve approved its outsized half-percentage-point interest rate cut last week, financial markets had begun making credit cheaper for households and businesses as they bid down mortgage rates, cut corporate bond yields, and chipped away at what consumers pay for personal, auto and other loans. How fast that process will continue…
Racial bias: Black joblessness is above the national average. It was 23.3% among South Africans of mixed race. | Photo Credit: Reuters Thirty years after the end of apartheid, South Africa’s economy remains deeply divided by race, spurring political debate on the extent to which its flagship Black economic empowerment law has worked. South Africa has…
EPFO building. File photo | Photo Credit: Niranjan R. Varma Retirement fund body Employees Provident Fund Organisation (EPFO) recorded a net addition of 19.94 lakh members in July this year, the Labour Ministry said on Monday (September 23, 2024). Union Labour Minister Mansukh Mandaviya said in a press conference that 10.52 lakh new or first-time…
For representative purposes. | Photo Credit: Getty Images Gross Domestic Product, or GDP, is the most significant measure of a country’s economic size. It is also a universal denominator for comparing indicators across countries and regions or for sizing up tax burdens or welfare expenditures. GDP is usually more meaningful at “constant” prices or in…
While exports have shrank in the past two months, imports have not — they grew 7.5% over last July and 3.3% in August. | Photo Credit: Getty Images/iStockphoto The story so far: After a positive start to goods exports in the first quarter of 2024-25, there has been a blip in momentum. Outbound shipment values…
Republican presidential nominee and former U.S. President Donald Trump has labelled India the ‘tariff king’ | Photo Credit: Getty Images via AFP Former U.S. President Donald Trump’s recent claim that India is an “abuser” of import tariffs is unfair as many nations including the U.S. protect their domestic industries by imposing high customs duties on…
Passengers ride a train in Mumbai, India. | Photo Credit: ABEER KHAN Post-liberalisation in 1991, the per capita income of the southern States surged significantly and they emerged as “leading performers”, shows an analysis released by the Economic Advisory Council to the Prime Minister (EAC-PM). In contrast, the economic performances of Uttar Pradesh and Bihar…
