Just about a month old and 2020 is turning out to be an interesting, even momentous, year for businesses in India
The larger economy suffers more than the central govt, as New Delhi is allowed to get away with behaving arbitrarily and then hiding the reality behind bogus numbers, writes T N Ninan
Anemic condition, or slowing down factors of different nature, continue to prevail in all major economies
Markets to open for regular trading on February 1
Javadekar also slammed critics of the National Popular Register exercise, saying that it was done during the Congress-led govt as well
The International Monetary Fund has pegged the number at 4.8 per cent and expects it to pull down global growth as well.
A total of 25 companies including Havells, Polycab, ICICI Pru Life, and Zee Entertainment Ènterprises Ltd. are scheduled to announce their results later in the day
Georgieva, who served as the World Bank's chief executive officer before moving to the IMF in October, has made reversing inequalities one of her top priorities
During the week, gold reserves increased by $260 million to $27.392 billion
IMF also said there were weaknesses in the deflation method used to derive value added. Deflators are used to convert GDP at current prices to constant prices
The Budget projected the Centre's fiscal deficit to come down to 3.3 per cent of the country's gross domestic product (GDP) in 2019-20 against 3.4 per cent a year ago
The IMF has some useful suggestions
The central African country needs an IMF bailout to deal with a crisis that shrank its economy by a third to $13 billion last year
During the reporting week, gold reserves increased by USD 164 million to USD 27.132 billion
This is a wider national cause and any buoyancy in the collections will benefit both the Centre and the states
CBI has accused ex-Maruti MD Jagdish Khattar of fraud, while the Union Cabinet has approved the creation Chief of Defence Staff
India's consolidated deficit (the Centre and states combined) is the highest among G20 nations, she added. "So, it's not a free lunch and this has to be very carefully managed," she said
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and the yen held in forex reserves.
If China is already off the mark with its digital currency, who will the future belong to when this ultimate goal is achieved?
It may be hard to square data with the revival being forecast, but economic soothsayers may well be right when they predict 5.8% growth for Q2, 6.4% for Q3 and 7.2% for Q4, T N Ninan explains why