World Economy News
31 Jan 2023
International Monetary FundAmid global slowdown predictions, IMF calls India 'bright spot'
India is likely to see some economic slowdown in the fiscal year 2023, the International Monetary Fund (IMF) said in its January update of the World Economic Outlook released on Tuesday.
26 Dec 2021
France$100T world economy in 2022; China #1 by 2030: Report
The global economic output is set to surpass $100 trillion in 2022, two years earlier than previously forecast, said a report by the Centre for Economics and Business Research (CEBR).
08 Dec 2021
NITI AayogIndia's richest 10% hold 57% of national income: Inequality Report
India stands out as a "poor and very unequal country, with an affluent elite," according to the World Inequality Report 2022.
23 Dec 2020
Health & WellnessCOVID-19 immunity lasts at least eight months: Study
People who have recovered from coronavirus have immune memory to protect against re-infection for at least eight months, according to a new study.
14 Sep 2020
Reserve Bank Of India (RBI)India's retail inflation dips marginally to 6.69% in August
India's retail inflation stood at 6.69% in August, according to data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Monday.
31 Aug 2020
Gross Domestic ProductIndia's GDP contracts by 23.9%; first contraction in 40+ years
India's Gross Domestic Product (GDP) slipped by a sharp 23.9% in the first quarter (April-June) of the fiscal year 2020-21, according to data released by the National Statistical Office (NSO). This marks the first contraction in more than 40 years.
24 Jun 2020
Mahatma Gandhi NREGAIndia witnesses job recovery, unemployment rate back to pre-lockdown era
Bruised by the coronavirus-necessitated lockdown, the Indian economy has shown few signs of recovery as the unemployment rate is reported to have returned to the pre-lockdown period.
04 May 2020
Ministry Of Home AffairsLockdown 3.0 begins: Know what's allowed and what's not
The coronavirus necessitated lockdown, which started pan-India on March 25, entered its second extension today. The extension, announced by the Ministry of Home Affairs last week, will remain in place till May 17.
17 Apr 2020
Reserve Bank Of India (RBI)Struggling economy gets RBI's boost, big announcement for banks
With the economy stung drastically by the coronavirus pandemic, RBI Governor Shaktikanta Das addressed media for the second time in a month to announce key measures.
29 Mar 2020
Angela MerkelGerman minister commits suicide; was worried about #Coronavirus crisis: Reports
Thomas Schaefer, the Finance Minister of the German state of Hesse, which includes Frankfurt, has been found dead on Saturday.
28 Feb 2020
Economic SurveyIndia's GDP growth rises to 4.7% in October-December quarter
India recorded a Gross Domestic Product (GDP) growth rate of 4.7% in the third quarter of the fiscal year 2019-2020, according to government data released on Friday.
31 Jan 2020
IndiaFor 2020-21, Economic Survey pegs India's growth at 6-6.5%
A day before Finance Minister Nirmala Sitharaman will present the Union Budget, the Economic Survey was tabled in the Parliament today.
20 Jan 2020
IndiaIndian billionaires hold more wealth than full-year Budget, finds report
In a glaring reminder of income inequality, a new study has found that the total wealth of India's 63 billionaires exceeds the Union Budget of India for the fiscal year 2018-19.
17 Jan 2020
IndiaBudget 2020: What to expect? When will it be presented?
With the economy in crisis, all eyes are on the upcoming Union Budget for the fiscal year 2020-21.
27 Dec 2019
AmulYour daily essentials could get more expensive in 2020
While we look forward to the new year, we're afraid there's already some bad news.
29 Nov 2019
Gross Domestic ProductIndia's GDP growth falls to 4.5%, lowest in 6.5 years
The Centre released India's gross domestic product for the second quarter of the fiscal year 2019-20.
25 Sep 2019
Narendra ModiGlobal Business Forum: Modi invites businesses to invest in India
On Wednesday, Prime Minister Narendra Modi delivered keynote address at Bloomberg Global Business Forum in New York.
02 Sep 2019
Gross Domestic ProductIndia's manufacturing growth down to 15-month low in August: Report
Amid economic slowdown, India also witnessed a dip in manufacturing activity, which reached a 15-month low in August, as demand and output grew at the slowest rate in a year, a private survey reported today.
01 Sep 2019
IndiaManmohan Singh blames Modi's 'all-round mismanagement' for economic slowdown
Former Prime Minister Dr. Manmohan Singh hit out at the Narendra Modi government on Sunday amid the ongoing economic slowdown.
29 Aug 2019
Pakistan NewsPakistan PMO fails to pay bills; company may cut power-supply
As Pakistan's economy continues to be on a downward spiral, the country's Prime Minister Imran Khan's Secretariat fears having its electricity disconnected over non-payment of bills.
21 Aug 2019
IndiaParle sales drop amid economic-slowdown; 10,000 employees may be laid-off?
India's leading biscuit maker, Parle Products Pvt. Ltd. may have to lay off up to 10,000 of its employees, as economic growth continues to slow down, a company executive said yesterday.
27 Jul 2019
South KoreaWhat is South Korea's #NoMarriage movement all about
South Korea is looking at an economic crisis and they have narrowed down the problem to the one source: women.
14 Jul 2019
IndiaRising intolerance, hate crimes can damage economic growth: Adi Godrej
Billionaire industrialist Adi Godrej on Saturday warned that growing intolerance, moral policing, and hate crimes in the country could "seriously damage" India's economic growth.
05 Jul 2019
Nirmala SitharamanEconomic Survey 2019 proposes increasing investments, retirement age: Details here
On Thursday, Finance Minister Nirmala Sitharaman tabled her first Economic Survey, which shapes a roadmap for how the government could bring the economy back on track.
07 May 2019
Donald TrumpHow Trump's incessant whining led us to a delicious bread
Say what you want about United States President Donald Trump. At least we know he's the one managing his own social media. Nobody would pay anyone to spill that amount of nonsense out into the world.
18 Jun 2018
IndiaArun Jaitley urges citizens to pay taxes honestly
Union Minister Arun Jaitley today urged citizens to pay their due share of taxes "honestly" to reduce dependence on oil as a revenue source.
28 May 2018
IndiaBengaluru-based start-up to build India's first electric superbike
Mankame Automotive, a Bengaluru-based tech start-up, comprising a team of Indian engineers, has started a crowdfunding program to develop India's first electric superbike, the Mankame EP-1.