ECONOMIC
India Ratings’ Devendra Pant on how water shortage can impact economic growth
Devendra Pant, Chief Economist at India Ratings, highlights the long-term impact of water scarcity in India on agriculture, manufacturing, and hydroelectricity production. He emphasizes the need for immediate action by policymakers and citizens to address this critical issue. Pant says water scarcity is going to have an impact. and not only in agriculture, unless we develop or have those seeds and crops that can withstand extreme weather conditions.
New UK government faces tough economic challenge
The Labour government in Britain has pledged to grow the economy following a landslide election victory over the Conservatives. Prime Minister Keir Starmer has promised investment in key areas such as health and education but also stressed the need to balance the books. The centre-left Labour administration, led by Prime Minister Keir Starmer, aims to avoid a repeat of October 2022, when the then-Conservative government's proposed unfunded tax cuts spooked markets and tanked the pound.
London School of Economics and Political Science awarded N.K. Singh, with an Honorary Fellowship.
N.K. Singh, former chairman of the 15th Finance Commission, receives Honorary Fellowship from the London School of Economics. Recognized for contributions to LSE and global economic community. Singh's legacy in policy-making and fiscal prudence celebrated by finance minister and LSE. He joins esteemed past recipients of the award.
Allies inducted in several Cabinet committees
The BJP-led NDA government established Cabinet committees and included allies in the critical panel on economic affairs, which convenes more frequently. The government also renamed the Cabinet Committee on Skill and Employment to include 'Livelihood'.
UK elections: Economic warnings dominate as campaign enters final day
Britain's Keir Starmer and Rishi Sunak warned voters of dire economic consequences ahead of the national election. Starmer's Labour Party is poised for a big win, potentially ending 14 years of Conservative rule. Labour urges voters not to be complacent, highlighting economic turmoil under the Conservatives. Sunak emphasizes his economic stewardship post-COVID and warns of tax hikes under Starmer.
China stocks fall on economic data; HK jumps
Market turbulence as private-sector survey highlights new order concerns, influencing Hang Seng Tech Index performance.
Kazakhstan’s strategic investment plan aims to boost economic growth
Kazakhstan, Central Asia’s largest state rich in resources, is actively seeking foreign investments and global brands. Gabidulla Ospankulov, Chairman of the Investment Committee of the Kazakh Ministry of Foreign Affairs, outlined strategies to attract $150 billion in investments by 2029, aiming to elevate the national economy to $450 billion. Measures include state preferences, anti-corruption efforts, and reducing bureaucratic barriers.
Integrating climate finance into India's economic blueprint
Pradeep S. Mehta, Secretary-General of CUTS International, suggested that India's 2024-25 Budget should include dedicated climate finance institutions through public-private partnerships during a webinar on accelerating private investment in climate finance. Mehta stressed the importance of private sector involvement for a sustainable and resilient future, highlighting the need for collaboration, innovation, and commitment.
Buy Adani Ports & Special Economic Zone, target price Rs 1700: Motilal Oswal
Adani Ports & Special Economic Zone Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 319290.14 Crore) operating in Shipping sector.
China's June factory activity contracts again, services slows
China's economic indicators for June painted a challenging picture, with manufacturing activity stagnating and services slipping to a five-month low, according to an official survey released on Sunday. The Purchasing Managers' Index (PMI) remained unchanged at 49.5, below the growth threshold of 50, indicating ongoing economic struggles despite some positive signals in industrial production. Analysts noted that while exports have been a strong driver, both domestic and external demand remain insufficient to fully utilize China's manufacturing capacity, prompting calls for additional policy support to stimulate growth.
Economic cracks are getting exposed in the 2024 market bounty
Dispiriting trends that have been visible for months now alongside the frenzy for megacap tech stocks and private credit – are on display yet again. Companies with dicey balance sheets have underperformed anew in June. Equal-weighted stock benchmarks where disruptive AI market leaders have the same weighting as industrial bellwethers have lagged yet again.
Has the global economic environment turned favourable for equities?
Global economy's resilience amidst crises led to surprising growth stability and inflation control. Potential trade war threats loom, while equity markets soar to record highs, indicating positive economic outlook.
US economic growth for last quarter is revised up slightly to a 1.4% annual rate
The US economy expanded at a 1.4% annual pace from January to March, the slowest quarterly growth since spring 2022, according to the government. Consumer spending grew only 1.5%, indicating high interest rates may be impacting the economy. The Commerce Department estimated a 1.3% GDP growth in the first quarter.
Economic benefits of investing in WASH for corporates
A noteworthy fact in the CSR spends of the past 5 years is the growing emphasis on healthcare, WASH and environment sustainability (JICA Report). This bodes well for achieving India’s net zero goals by 2070.
Water stress pouring into economic stress
According to a CSE analysis, India experienced extreme weather events on 235 of the 273 days during Jan 1-Sep 30, 2023. The water emergency, however, is not just about scarcity. Rivers are polluted, traditional water harvesting systems are gone, catchments are deforested, groundwater levels are depleting and water bodies are disappearing. India has over 18% of the world's population, but only 4% of its freshwater resources. A 2018 NITI Aayog report stated that India is 'suffering from the worst water crisis in its history'.
China premier calls to 'oppose decoupling' at economic forum
Friction between the West and the world's second-largest economy has intensified in recent years, particularly as Beijing and Washington compete for supremacy in advanced technology and new "green" industries.
Works of Ray Dalio for economic wisdom and investment guide
The article lists the influential works of Ray Dalio, a prominent investor and entrepreneur. It begins with "Principles: Life and Work," where Dalio shares the unconventional principles that helped him build Bridgewater Associates into the world’s largest hedge fund. The book emphasizes radical truth and transparency, offering practical lessons on decision-making and management. "Principles for Navigating Big Debt Crises" provides a template for understanding and managing financial crises, supported by detailed case studies. The illustrated "Principles for Success" makes his principles accessible to a wider audience, focusing on goal-setting and collaboration. Finally, "Principles: Your Guided Journal" helps readers develop their own principles through guided exercises, promoting personal growth and success.
Israel's 'economic war' chokes occupied West Bank
Palestinian Circus School students in Ramallah face financial hurdles due to international payment challenges, with the school director struggling to purchase equipment from Europe and Asia. Israel's potential banking route severance could impact the West Bank economy It has already been hit by economic curbs and bans on labourers and tourism. Calls for a digital currency emerge as a potential alternative to the shekel in response to Israel's economic policies.
Pakistan's economy missed economic growth target, donkey population rises to 60 lakh in FY24: Economic Survey
The Pakistan Economic Survey (PES) 2023-24 reveals a 1.72% rise in the donkey population, reaching 5.9 million. Despite this increase, Pakistan's economic growth fell short, expanding by 2.4% instead of the targeted 3.5%. Livestock, vital to the rural economy, saw growth in cattle, buffalo, sheep, goats, and camels, contributing significantly to GDP.
Load More
