User: kailas Topic: Economics
Category: GDP
Last updated: Aug 24 2019 15:40 IST RSS 2.0
 
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Mexico posts record current account surplus as Trump China trade war bites 24.8.2019 Reuters: Money News
Mexico posted its largest current account surplus on record and the first in nine years, lifted by robust foreign trade with the United States as President Donald Trump waged a bitter tariff dispute with China, official data showed on ...
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The big news: Rahul Gandhi, Opposition leaders to visit Srinagar today, and nine other top stories 24.8.2019 Scroll.in
Other headlines: The finance minister announced a slew of measures for the economy, and the US-China trade war escalated as China levied more tariffs.
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Arvind Kejriwal says he is confident Centre will take ‘concrete steps’ to revive economy 23.8.2019 Scroll.in
The Delhi chief minister said this was one situation where the country has to stand as one.
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‘India’s GDP is growing at a faster rate than advanced economies,’ says Nirmala Sitharaman 23.8.2019 Scroll.in
The finance minister said global trade was in a very volatile situation due to the trade war between China and the United States.
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Centre Withdraws Enhanced Surcharge On Foreign Investors 23.8.2019 NDTV News - Latest
India rolled back an additional levy on foreign funds and announced other measures to boost economic growth.
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"India's Economy In Deep Mess": Rahul Gandhi Leads Congress Assault 23.8.2019 NDTV News - Top-stories
The Congress on Friday mounted a coordinated attack on the government over the economy, saying that its own advisors were warning of an unprecedented crisis with little sign of a turnaround plan....
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Tourism was a powerful economic engine in Thailand. Then a boat full of Chinese sank 23.8.2019 LA Times: Business

Chinese groups canceled trips to Phuket last year after a boat carrying tourists capsized, killing 47 people. This season, things are even worse.

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Nirmala Sitharaman announces major Budget rollbacks, enhanced surcharge on capital gains withdrawn 23.8.2019 Scroll.in
The finance minister said CSR violations will not be treated as criminal offences, and announced measures to boost the automobile sector.
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Moody’s downgrades India’s projected growth rate for 2019-’20 from 6.8% to 6.2% 23.8.2019 Scroll.in
The financial services firm also said that the country will grow at 6.7% in the 2020-’21 financial year, 0.6% lower than the earlier projection.
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India Inc grows impatient as economy dips and Modi is distracted 23.8.2019 Reuters: Top News
When Prime Minister Narendra Modi was re-elected in May with a sweeping majority, Indian stock markets jumped to all-time highs as investors anticipated big bang pro-business reforms to revive a flagging economy.
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U.S. 'Totally Unprepared' to Deal With Recession Warns Union Bank Chief Economist As Budget Deficit to Exceed $1 Trillion in 2020 22.8.2019 Newsweek Top Stories
"Federal debt, which is already high by historical standards, is on an unsustainable course, projected to rise even higher after 2029," said Congressional Budget Office director Phillip Swagel.
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The federal budget deficit is getting bigger as spending grows 22.8.2019 Minnesota Public Radio: Business
The deficit is expected to swell to $960 billion this year and average $1.2 trillion in each of the next 10 years, according to congressional budget forecasters. They also expect the economy to slow.
Trade woes to shave 0.3% from U.S. GDP by 2020: congressional budget experts 21.8.2019 Reuters: Money News
Higher trade barriers, including President Donald Trump's tariffs, are taking a toll on the U.S. economy as rising domestic prices reduce consumers' purchasing power and increase the cost of business investment, congressional budget experts said on ...
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In charts: The Modi government is facing a serious cash crunch – thanks to GST 21.8.2019 Scroll.in
More than a tenth of GDP is provided by government expenditure. This is (more) bad news for the Indian economy.
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White House insists 'fundamentals' of U.S. economy are strong 20.8.2019 Minnesota Public Radio: Business
The "fundamentals" of the U.S. economy are solid, the White House asserted, invoking an ill-fated political declaration of a decade ago amid mounting concern that a recession could imperil President Donald Trump's reelection.
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Slowdown in economy is ‘very worrisome’, bold reforms needed, says Raghuram Rajan 20.8.2019 Scroll.in - News that matters
The former RBI governor advised the Centre to immediately fix problems in power and non-bank financial sectors, and enact reforms to spur private investment.
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Comments called for on the Draft National Resource Efficiency Policy Released 19.8.2019 Govt of india: PIB
Natural resources form the backbone of any economic development. India, as one of the fastest growing economies with GDP at 2.6 trillion USD, has increased its material consumption to six times, from 1.18 billion tonnes (BT) in 1970 to 7 BT in 2015.
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Economic Slowdown "Very Worrisome", New Reforms Needed: Raghuram Rajan 19.8.2019 NDTV News - Latest
Former RBI Governor Raghuram Rajan has called slowdown in the economy "very worrisome". The government needs to fix the immediate problems in power and non-bank financial sectors and come out with a...
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Corrected: ANZ slashes forecast for India's GDP growth in 2019/20 to 6.2% 19.8.2019 Reuters: Top News
(Correcting last paragraph to show that the forecast concerned is from Fitch Solutions and not from Fitch Ratings)
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Need a body like GST Council for public spending to revive growth, says Bibek Debroy 19.8.2019 Scroll.in - News that matters
Focused and strategic expenditure by the Centre and states together could yield efficiency gains, the chief of the Economic Advisory Council to the PM said.
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