World Economy News
23 Dec 2020
COVID-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
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
India'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
India 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.
30 May 2020
Migrants suffered tremendously, accepts PM Modi in letter to nation
As he completed the first year of his second term today, May 30, Prime Minister Narendra Modi wrote a verbose letter to Indians, detailing the achievements of his government, and also conceding that migrant workers, artisans, craftsmen, and hawkers suffered in the recent days.
04 May 2020
Lockdown 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.
26 Apr 2020
India's super-rich may face wealth tax to aid coronavirus-hit economy
In a bid to reduce the impact of the coronavirus pandemic on the economy, 50 Indian Revenue Service (IRS) officers have suggested a 40% tax for the super-rich, a one-time COVID-19 relief cess of 4%, etc.
17 Apr 2020
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
German 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
India'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
For 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
Indian 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
Budget 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
Your 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
India'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.
19 Oct 2019
One man, many failures: Presenting to you Shri Narendra Modi
No one will ever attach the word failure with Narendra Modi. The man has a cult following, his followers are ready to take any bullet (quite literally) for him, he has an incredible list of highest civilian awards from many nations. And, he keeps winning elections.
13 Oct 2019
Union Minister Ravi Shankar Prasad withdraws 'no economic slowdown' comment
Union Minister Ravi Shankar Prasad on Sunday withdrew his controversial statements from the day before wherein he cited the box office performance of three films as proof that India's economy is stable.
25 Sep 2019
Global 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.
09 Sep 2019
Is auto industry going through worst crisis? Data says yes
As the Indian auto industry undergoes a crisis amid a broader economic slowdown in India, automobile sales dropped sharply in August, the worst decline since 1997-98.
09 Sep 2019
Pakistan secretly releases Masood Azhar; deploys troops along Indo-Pak border
Despite being isolated on the global stage and failing to get support in its rant against India after New Delhi rescinded Article 370, Pakistan is continuing with its notorious actions.
06 Sep 2019
Amid economic slowdown, Anurag Thakur faces embarrassment at auto event
On Friday, Minister of State for Finance Anurag Thakur addressed the slowdown in the auto industry at the Automotive Component Manufacturers Association of India (ACMA) annual summit in New Delhi.
02 Sep 2019
India'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
Manmohan 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 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
Parle 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.
10 Aug 2019
Taj Hotel chain plans to sell assets amid economic slowdown
The Tata Group's luxury hotel chain is looking to lighten itself by some assets amid an imminent drop in consumer spending due to the economic slowdown.
03 Aug 2019
NITI Aayog CEO says 'too many reforms' behind economic slowdown
Recently, data compiled by the World Bank revealed that India slipped to the 7th spot in the global GDP rankings of 2018.
27 Jul 2019
What 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
Rising 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
Economic 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.
28 Jun 2019
Gandhis sidelined PV Narasimha Rao, says grandson; demands apology
From not letting Rahul Gandhi resign to protecting the family tooth and nail, we all know Congress only accepts "Gandhis" as their leaders.
07 May 2019
How 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
Arun 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
Bengaluru-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.