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Latest Articles in economic slowdown

COVID, Economic Slowdown Dim Lights On Durga Puja In Bengal

Not just small-budget pujas, even big-ticket Durga Puja committees in Kolkata have curtailed their spending by nearly 30-40 per cent, mainly compromising on marquee decoration, organisers said.

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PHD Chamber Recommends A Substantial Stimulus Package To Hon’ble Finance Minister To Support Economy, Trade And Industry

The PHD Chamber in its recommendations has suggested financial and structural support to Micro, Small & medium Enterprises (MSMEs) in the second wave of the pandemic in terms of extending the moratorium period and offering concessional rates of interest on borrowings.

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Hong Kong Fourth-Quarter 2020 Unemployment At 16-Year High, Hit By Economic Slowdown

The underemployment rate remained unchanged at 3.4% in the two three-month rolling periods. The number of unemployed rose by about 1,500 people to 245,800 in the three months ended in December.

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Union Budget 2021 To Put COVID -19 Hit Economy On Track

The projected GDP growth does indicate that the worst is over, but it still does not indicate whether the economy has recovered the lost ground and surpassed it, seems that the economy will be able to just recover the lost ground in FY22 and surpass the FY20 GDP level in a meaningful way only in FY23.

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Bringing The Carbon Down

UltraTech has factored in an internal carbon price of US$ 10 / tCO2 for its project and capex evaluation, which has helped in accelerating decarbonisation.

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GCCI Calls Upon The State And Central Government To Speed Up Mining Resumption In Goa

The government is solely depending on tourism to increase its dwindling revenues. The state, which collected Rs 15,000 crore in revenues last year, is already facing a 70 per cent revenue shortfall in the current fiscal in past couple of months.

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Auto Sector Hopes For Quick Recovery In Upcoming Festive Season: Emkay

The retail volume improvement in August and September has been driven by pent-up demand, positive rural sentiment, shift toward personal mobility and fading impact of price hikes

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Coronavirus Hits Indian Electricity Demand, Capacity Addition: Fitch

"The government's recent Rs 90,000 crore liquidity facility for discoms should help them pay the huge outstanding amount owed to generation and transmission companies,"

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Nepal's Central Bank unveils monetary policy for FY 2020-21 to mitigate economic effects of Covid-19

Nepal's Central Bank unveils monetary policy for FY 2020-21 to mitigate economic effects of Covid-19

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Maruti Suzuki Ties Up With Indusind Bank For Finance Options

IndusInd Bank will offer a variety of finance options including low EMI scheme, step-up and balloon payment options and funding 100 per cent on-road price for the vehicles. T

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Grasim Q4 consolidated PAT up 32 pc at Rs 1,506 crore

Grasim Q4 consolidated PAT up 32 pc at Rs 1,506 crore

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NBFIs Face Rising Liquidity Stress With Risks Looming For Broader Financial System: Moody's

The weakening solvency at NBFIs, in turn, will pose risks to the stability of the broader financial system, given banks' large exposures to NBFIs.

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Corporate Stress Yet To Peak As Additional 4 Pc Of Debt Could Turn Delinquent By FY22: Ind-Ra

Ind-Ra's report details the base, bull and bear case estimates for system-wide credit costs based on the historical default rates and loss given default for each vulnerability bucket.

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Coal Imports Rise In November After Three Months Of Decline

India’s thermal coal imports fell from August to October, their longest sustained fall in over two years, due to a broader economic slowdown that stifled demand from industrial consumers.

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OPEC+ Panel Recommends Deeper Oil Cut, Awaits Nod From Russia

The economic slowdown resulting from the virus outbreak is expected to reduce 2020 global demand growth by 300,000-500,000 bpd, or roughly 0.5%, BP Chief Financial Officer Brian Gilvary.

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