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Why China’s government might struggle to revive its economy | Mint Primer | Mint

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 2023
Videos

A Weaker Rupee Doesn't Guarantee Export Boost | Mint Explains | Mint

According 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 2023
News

Watch: Canada's Niagara Falls illuminated in colours of Indian national flag

Niagara 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 2020
Industry

Bitcoin falls below $6,000 to lowest level in over a year

Bitcoin 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 2018
Market

Bitcoin heads for its biggest drop in more than two weeks

Bitcoin, 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 2018
Mint-lounge

The marble cliffs of Bhedaghat

A 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 2017
Companies

Sun Pharma Q3 profit falls 5% to Rs1,471.82 crore on higher tax outgo

Sun 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 2017
Market

Ringgit dips to weakest level since 1998

The 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 2016
News

Bengaluru to Sakleshpur: The echoing green

Sampling Malnad cuisine, scenic coffee plantations and nature trails

2 min read5 Nov 2016
Companies

Idea Cellular Q1 profit falls 74.21% to Rs220.42 crore on spectrum investments

Idea 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 2016
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Budget

The 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

25 Articles