Free Press Journal
  • China Q3 GDP growth slips to nine-year low

    Beijing: China’s economy grew at 6.5 per cent in the third quarter, posting slowest growth in nine years, amid intensifying trade war with the US and the mounting local governments debt which rose to $2.58 trillion. The GDP expanded by 6.5 per cent in the July-to-September period year-on-year, according to official GDP figures released by China’s National Bureau of Statistics (NBS) on Friday.
    It’s down from 6.8 per cent and 6.7 per cent

  • Trade war slows down Chinese economy

    There are telltale signs that China’s trade war with the US has begun to bite the Chinese. Much as the Chinese may feign bravado, there is a clear slowdown in the country’s hitherto-strong economy. Indeed, the Chinese economy grew 6.5 per cent in the third quarter from a year earlier, slower than the second quarter, official Chinese data has revealed. The GDP reading was the weakest year-on-year quarterly growth since the first

  • news alerts, fuel price hike, daily news updates, news today, mumbai, petrol price, india

    Stay the course

    This is a dilemma all governments have to confront one time or the other in their tenures: How to balance shrill demands of populism against the needs of fiscal discipline. The case in hand is the recent reduction of Rs 2.50 per litre in the pump price of petrol. Of this, the Centre will pick up the tab for the cut of Rs 1.50 per litre while the oil marketing companies will

  • Fiscal deficit may slip to 3.4%: Moody’s Investors Service 

    New Delhi: The excise duty cut on petrol and diesel is credit negative for India as it will reduce government revenue and increase fiscal deficit by 0.1 per cent to 3.4 per cent of GDP in the year ending March 2019, Moody’s Investors Service said on Tuesday. Also, the earning of public sector oil marketing companies would be “negatively affected” as they also absorbed Rs 1 per litre cut in their pricing,

  • Modicare: The long road ahead for healthier India

    If India is on the threshold of becoming an engine of growth and the once sleeping elephant has started to run, the same cannot be said about India’s healthcare system. The quality of public healthcare in India is so poor that it is estimated to cost the country nearly 6 per cent of GDP every year to preventable diseases and premature deaths. Poor healthcare is also said to push millions of households

  • RBI rate panel member doubts BJP’s world-beating GDP data

    Mumbai: Not everyone is convinced of the rosy growth numbers that the BJP government has churned out. Among the ‘dissenters’ is Ravindra Dholakia, a member of the RBI Monetary Policy Committee, which is tasked with the responsibility of setting the key rates.

  • petrol price hike, petrol price, K R Sudhaman, GDP, economy

    Petrol hike has potential to play havoc

    The unusual spurt in diesel and petrol prices as a result of deadly cocktail of surging global oil prices and falling rupee value signals danger to the economy, now on the path to recovery clocking 8 per cent GDP in the first quarter of this financial year. Surging fuel prices have the potential to destablise the economy as it is inflationary, can widen current account deficit, already hit by falling rupee and

  • IMF on India's growth rate

    Sustaining the growth pace will be challenging

    The government releases official data on quarterly growth of national income, with a time gap of exactly two months. On August 31, it reported that India’s GDP growth rate for the April to June quarter was a solid 8.2 per cent, well past the psychological level of 8. This was the highest growth rate recorded in the past nine quarters and makes for some good news on the economic front. Growth was

  • Kanungo worried over rising debt levels of states

    Mumbai : RBI deputy governor BB Kanungo on Friday expressed concerns over the imbalances in state finances, and specifically on their high borrowings and the frequent farm loan waivers.

  • India GDP Q4, India Q4 GDP,

    India’s Q1 2018-19 GDP grows at 8.2%, highest in two years

    New Delhi: An upswing in manufacturing activity accelerated India’s GDP growth rate for the first quarter of 2018-19 to 8.2 per cent, official data showed here on Friday. According to the Central Statistics Office (CSO), the GDP at 2011-12 prices in the first quarter (Q1) of 2018-19 registered growth rate of 8.2 per cent, up from  7.7 per cent reported for Q4 of 2017-18.

  • SBI expects Q1 GDP growth at 7.7 pc

    New Delhi: The country’s GDP is expected to grow by 7.7 per cent in the April-June quarter on the back of pick up in leading indicators like cement production, sale of vehicles and bank credit, a report by SBI said. SBI has based its assessment on its Composite Leading Indicator (CLI), which takes into account 18 major macro-economic indicators. “The CLI is signalling that the economic activity for Q1 FY19 has picked up

  • UPA delivered highest decadal growth: Chidu

    New Delhi : Former Union Finance Minister P. Chidambaram on Sunday said that back series calculation of GDP proved that UPA I and II governments led by the Congress (2004-2014) delivered the highest decadal growth of 8.13 per cent since independence.

  • Swiss referendum is canary of debt problem

    The list of top ten countries with the highest debt to GDP ratio as compiled by the International Monetary Fund has three European nations (Greece, Italy and Portugal), and the number one slot belongs to Japan, whose ratio is nearly 240 per cent. Contrary to conventional expectations, these highly indebted countries are not among the poorest nations, or identified as reckless and spendthrift. Of course, there are also other countries such as

  • maharashtra, crop, loan waiver, maharashtra government, croap loan waiver scheme, farmers

    Here is why farmers are agitating

    When Indian economy has grown at an estimated rate of 6.7 per cent in FY-18, there shouldn’t be a cause for complain from any sector of the economy. But when the economy runs largely on one wheel – government expenditure – and the government hides behind the headline GDP number, the ground reality can be vastly different. One sector where unhappiness has turned into public anger is agriculture, though the BJP-led government’s

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