China's post-Covid economic recovery has turned out to be shaky rather than robust. Initial pent-up demand was followed by economic data for April falling below expectations. China's stocks, government bond yields, and currency declined in response. The purchasing-managers indices (PMIs) for May showed slower growth in services output and consecutive shrinkage in manufacturing activity. Falling input and output prices are hurting industrial profits, hampering manufacturing investment, and raising concerns of deflation. The economy is facing a double-dip risk, potentially with close to zero growth from one quarter to the next. China may resort to easier monetary policy and looser fiscal measures, but some worry the government's response might be inadequate.
18 Aug 2023According to the stats and prior experience, it is difficult to boost exports with a weaker currency. One US dollar has been worth more than 80 Indian rupees for over a month. The value of the rupee has more than halved since early 2008. Would a depreciation of the rupee boost exports and bolster India's economic development during the impending global slowdown? #rupee #currency #economicdevelopment #globalinflation #economy #finance #mint Subscribe Now For Latest Updates- https://tinyurl.com/lbw8nze
9 Jan 2023Niagara Falls, at a majestic 13 storeys, is the world’s second biggest waterfall with six million cubic feet of water cascading over its brink every minute
2 min read16 Aug 2020Bitcoin dropped as low as $5,549, the least since October 2017, or just before the surge in demand that pushed its price to almost $20,000 in December
1 min read14 Nov 2018Bitcoin, the largest cryptocurrency, dropped as much as 6% today, putting it on course for its worst day since 22 June. The move was reflected in its peers, with Ripple, Ethereum, Litecoin all falling over 4%
1 min read10 Jul 2018A magical world with patterned white cliffs and hidden dinosaur eggs exists at Bhedaghat, a mere 25km away from Jabalpur in Madhya Pradesh
2 min read23 Dec 2017Sun Pharma reports a profit of Rs1,471.82 crore for the third quarter, as against Rs1,544.85 crore a year ago. Sales rises 8.4% at Rs7,683.24 crore
1 min read14 Feb 2017The ringgit has lost more than 6% since the US election as expectations that incoming president Donald Trump will stoke inflation with his fiscal policies spurred outflows from the region
2 min read19 Dec 2016Sampling Malnad cuisine, scenic coffee plantations and nature trails
2 min read5 Nov 2016Idea Cellular's consolidated revenue was up 7.9% to Rs9,483.93 crore, from Rs8,789.78 crore a year ago
1 min read9 Aug 2016The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared