Economic Data
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With this fiscal's estimated GDP growth set to be the lowest in 11 years, here’s a look at how it will impact the common man
Dinesh Unnikrishnan123 •The GDP can’t be taken as just another routine economic data government puts out; it is a vital summary of the real economic activity on the ground
Asia stocks attempt a rally as Iran anxiety ebbs; Wall Street erases early losses to end in black as tech stocks climb
•Asian shares had fallen sharply on Monday as Iran and the United States traded threats after a US airstrike killed a top Iranian commander.
Q2 GDP growth at 4.5%: Govt has indeed acknowledged, responded to problems with some measures but cannot afford to take eye off ball
Seetha •Private investment (reflected in gross fixed capital formation, GFCF) not only slipped in terms of percentage of GDP (to 27.8 percent in Q2 from 29.2 percent in the same period last year and from 29.7 percent in Q1) but also in terms of growth.
Gold rises on fresh Sino-US trade tensions, Fed rate cut bets; slightly weaker dollar helps yellow metal's gain
•Spot gold was up 0.3% at $1,407.69 per ounce. Gold has risen nearly 0.6% so far this week.
Narendra Modi's second term in office: From job creation, tax rates to agrarian crisis, to-do list for next five years is ready
Madan •The Narendra Modi government should work on getting state finances in order
Congress vows to 'clean up' economic data gathering if it wins Lok Sabha polls amid concerns over official economic data
•Congress leader P Chidambaram said on Monday that the party will review how economic data is collected and interpreted if it wins the Lok Sabha election, amid doubts over the reliability of official data
RBI monetary policy: Cental bank goes with official data, says governor Shaktikanta Das on data row
•Governor Shaktikanta Das on Thursday said the Reserve Bank goes with the official statistics while making its assessments on the economy and formulation its policy responses
Economists vs accountants debate: Vitriolic attack is not need of hour; time to work on credible data
Madan •By a curious coincidence, most of the contentious data series which present an opposite view of an otherwise somber picture have come at a pre-elections time.
Sensex drops 300 points at Rs 34,834, Nifty below 11,000-mark ahead of RBI policy outcome; oil, infra plunge up to 10%
•Sensex, after cracking the 35,000-mark by falling over 335 points to touch a low of 34,833.81, pared some losses to quote 194.44 points, or 0.55 per cent lower at 34,974.72.
PNB investors take a hit of Rs 3,000 cr in a single day, shares slump nearly 8% on $1.77 bn fraudulent transactions
•The benchmark BSE Sensex gained 173 points to 34,473.43 in early trade today, rising for the second straight session on back of positive macroeconomic data