Stock market gains alongside economic pain driven by massive boost from Fed; some worry about over-optimism
The US stock market has changed its mood swiftly since 23 March—when the S&P 500 dropped as much as 35 percent below its 19 February peak.
Wall Street dazed and confused after worst day since 1987; coronavirus pandemic sparks fear of global recession
The suspension of professional sports games, cancelled conventions and half-empty restaurants has raised fears—not about whether the longest US economic expansion on record is ending—but about how deep a now presumed recession will be.
Budget 2020: Policy relaxations and incentives will whip up investors’ appetite, help govt fast-track to clock $5 trillion mark
The next proposal that may top FM’s Budget speech must be the disinvestment in strategic PSUs and outright privatization of loss-making PSUs.
While the RBI was the most aggressively dovish major central bank in Asia, slashing rates by a cumulative 135 basis points last year, it paused unexpectedly in December on inflation concerns
CII believes that with the sharp moderation in growth, the time has come to adopt an expansionary fiscal policy
The RBI cut rates by 35 basis points to 5.40% this week but maintained its “accommodative” policy stance, signalling further easing on concerns about weak economic growth and subdued inflation.
Budget 2019: Nirmala Sitharaman's promise to cut fiscal deficit to 3.3% of GDP is brave, but not realistic
Nirmala Sitharaman is promising to keep the fiscal deficit at 3.3% of GDP, lower than the 3.4% projected in the interim Budget presented by Piyush Goyal
Union Budget 2019: What is contractionary fiscal policy and how it influences level of activity in the economy
Contractionary fiscal policy involves increasing taxes or reducing spending when the economy is seeing high inflation or when prices shoot up due to supply constraints
Tensions in trade policy could flare up again and play out in other areas (such as the auto industry), with large disruptions to global supply chains, she cautioned.
Fiscal policy needs to be tightened at Centre, state-level in next financial year to avert growth drag
A step back from fiscal rectitude at this point will exaggerate the uncertainties around the fiscal outlook for the medium term.
IMF chief economist supports RBI; says government should heed central bank's message on financial stability
The IMF's chief economist Maurice Obstfeld said he does not want politicians "manipulating" central banks for political ends.
India fastest growing economy in Asia; on track to meet FY18 target of 7.3%, accelerate to 7.6% in FY19: ADB
Led by India, South Asia will continue to be the fastest growing economic area despite new trade tensions in Asia and Pacific region, Asian Development Bank (ADB) said in a new report today.
Here's a list of some key budget-related terms so that you know what it means when Arun Jaitley mentions them in his speech on 1 February
India can grow 8% for next two decades, needs to unleash next set of reforms to achieve potential, says UN
The UN said 2017 has been a year of major economic reforms in India, particularly in the banking sector.
The government has set a target of a 3.2 percent of GDP fiscal deficit for the current fiscal
MPC likely to hold repo rate on Wednesday on higher inflation, rising oil prices and strong GDP data
MPC had earlier, in August reduced the repo, or its repurchase rate by 0.25 percentage points to six percent.
Currently, the GST regime slots items under rates of 5, 12, 18 and 28 percent. An additional GST compensation cess is also levied on certain products.
Moody's said India's exports to UK were 0.4 percent of the GDP in 2015 while shipments to European Union make up for 1.7 percent
Europe and Japan have followed the US in easing up monetary policy while trying to run a tighter fiscal ship. It has resulted in less growth and more asset inflation. India should avoid the same trap.
The current deposit rate cut spree will most likely be succeeded by reduction in lending rates across segments and even in base rates of banks if the credit growth remains subdued and economic revival takes longer than expected