An estimated 1.5 lakh Indian workers have come back home from the United Arab Emirates due to economic crisis and recession, the Lok Sabha was informed on Wednesday.
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The NRI billionaire also asserted that the steel maker is bullish on India plans and committed to the investments there. ArcelorMittal is committed to its proposed Rs 1-lakh crore (Rs 1 trillion) investment in India, to set up two 12-million tonnes per annum steel mills in the state of Jharkhand and Orissa.
'There are 725,000 Indians here without proper papers. They are subject to deportation immediately under this (Trump's immigration plan). Immediately!' 'They want to prevent new immigration, get the people who are already here out of here, and only allow population increases in the white population.'
A new study suggests that mortality rates during economic recessions in developed countries decline rather than increase.
Declaring that 'enough is enough', President Droupadi Murmu on Wednesday said it is time for India to wake up to the 'perversion' of crimes against women and counter the mindset that sees women as 'less powerful, less capable, less intelligent'.
"Indian travellers would be aware of recent disturbances in some parts of the United Kingdom. The High Commission of India in London is closely monitoring the situation," reads the message entitled 'Advisory for Indian Citizens Visiting the UK.'
Talk to your financial advisor about employing a dollar cost averaging strategy over the next year, as well as the investment opportunities within diversified emerging markets mutual funds or exchange traded funds (ETFs). The percentage of your portfolio that you decide to allocate to emerging markets depends on your risk-tolerance and investment horizon.
Amid the worst economic recession in decades, a nondenominational church in the US is pushing ahead with "faith stimulus" to help struggling families and laid-off workers.
However, the US recession could 'lead to a decline in capital inflows and weaker exports particularly of services. This could affect the capital and current account and put pressure on the balance of payment surplus,' says a Standard & Poor's report.
Union Home Minister P Chidambaram on Saturday said India is not facing recession but only a slowdown.
The only element of demand for gold likely to be affected by a recession is investment demand, "but that in turn will depend on the 'type' of recession,". Recessions can be bad for commodity prices, as consumer and business confidence falls, demand for goods and services is cut, weighing on demand for raw materials and depressing prices.
Recession here is not as drastic as what you might see in the developed world because the hole that is dug is not that deep in countries like India; thus, they can recover much quicker, says S Somasegar.
Will a US recession tip the entire metals complex, including Gold Prices, sharply lower in 2008...? Add the falling dollar to rosy growth forecasts from China and what do you get? If you guessed higher commodity prices, you get a gold star. Yet among the big investment institutions, there's mixed opinion about what metals prices will do in 2008.
The Kerala tourism industry already reeling under global recession, has been badly hit by the Mumbai terror attacks and is causing number of cancellations for an innovative travel package marketing Kerala's traditional ceremonial wedding abroad.
At a time when the UK economy is reeling under the impact of the financial crisis, more than half of the companies are hiring, says a latest survey.
Worries about the recession could lower testosterone levels among men, a doctor has warned. Dr Richard Petty, who works at a private clinic for men, said that chronic stress caused by financial worries, redundancy or working longer hours may cause levels of the hormone to drop.Testosterone is associated with sexual function, circulation and muscle mass, as well as mood, memory and concentration.
We have a few tips that will help you to tide over the crisis.
The Fed will not be able to halt this recession by merely easing rates, something it had successfully done in the past.
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Even before Capitol Hill shocked the world's financial markets this week, the global economy was already mired in difficulties. And whether or not some version of the bail-out package gets passed in the near future, extricating it will be a real struggle.
Online travel agencies are offering packages that make this summer the best season to go places. Mayur Oberoi, makemytrip.com's associate vice president, outbound tour, says they are seeing some good traction this summer season despite the slowdown. "This year we have seen short-haul destinations do considerably well in our international section, including Singapore, Malaysia, Thailand, Bali, Hong Kong and Macau."
Recession in Japan has worsened after the country's gross domestic product shrank 0.5 per cent in the third quarter, much higher than the earlier estimate of 0.1 per cent.
The US economy is facing substantial difficulties. Housing prices have dropped. An increasing number of households are defaulting on home loans. Losses on home loan portfolios are affecting financial firms who hold derivatives on home loans. Some financial firms have gone bankrupt, and there is uncertainty about who else might be bankrupt. With finance in difficulties, the monetary transmission is malfunctioning.
The last two days' recovery in commodity prices has done little to ease all-round fears of a global recession following the sharp dip in prices over the past three months. Nor are things likely to improve soon.
'Forget your loss or profit in your portfolio.' 'Look at how much cash you have in hand.' 'If you don't have cash in hand, liquidate at least partially; get into about 20 per cent in cash.'
The row over the appointment of Bharatiya Janata Party leader and seven-term member Bhartruhari Mahtab as the pro-tem speaker is likely to cast a shadow over the session.
Manmohan Singh also says there are greater risks of deflation, than inflation.
The UN Trade and Development Report 2010, released this week, has said the fundamental causes of the economic crisis have not been addressed and 'remain a toxic threat to stable and inclusive growth and the sustainability of the recovery'.
Against the Reserve Bank of India's (RBI's) projection of 7.1 per cent, India's first quarter (Q1) 2024-25 (FY25) gross domestic product (GDP) growth came in at 6.7 per cent. This is in line with market expectations and significantly lower than the 7.8 per cent recorded in the fourth quarter (Q4) 2023-24 (FY24) and 8.2 per cent in Q1FY24. The quarter witnessed decreased government consumption and investment spending due to the parliamentary election.
Business management guru Ram Charan's new book, Leadership in the Era of Economic Uncertainty, advises managers to get lean and mean during downturns.
Prime Minister Manmohan Singh on Monday said despite economic recession and the difficult situation in western countries, India's growth rate would be maintained at around 7.5 per cent in 2008-09.
In a recent note, the global brokerage firm said India now commands a weight of 19 per cent in the above-mentioned portfolio as compared to 18.2 per cent in September 2023. India, it said, is a large liquid market and remains a counter-weight to North Asia if a slowdown in the West occurs and China's recovery disappoints.
The FMCG sector has grown consistently during the last three to four years and is expected to grow at 12-15 per cent over the next three to four years.
The government's decision to pass on the rise in oil prices to consumers not only inflates their petrol and diesel bills, it also fuels concerns over a possible economic recession, analysts said.
The country's economy has been primarily bolstered by good performance in biomedical and electronics manufacturing, among others, in the September quarter.
While growth in India and China is likely to remain robust, the rest of the world risks falling back into recession if developed countries embark prematurely on fiscal austerity measures, says a United Nations report, released in New York on Thursday.
America officially entered into recession in December 2007, according to National Bureau of Economic Research of the US. The 17 months of recession also coincides with the G-20 meet on April 2 in London, where the world leaders would be coming together to discuss ways to tackle the meltdown.
'India's fundamentals are a lot better (than those of other emerging market economies).' 'India will suffer (witness a fall in its stock market) what I call the second order effect.' 'And the second order will happen when these funds (belonging to macro and hedge fund investors and which have leveraged Japanese yen-carry trades), because they lose money elsewhere as lot of their positions were financed by borrowing Japanese yen, will have to book profits in investment destinations where they are making money, including in markets like India.' 'They (these investors) will have to effectively sell in countries like India and which is the consequence (the crash in equity markets) that Indian markets might see.'
