India's gross domestic product (GDP) growth slowed to 4.1 per cent in January-March 2022 period, while for the full year 2021-22 the growth stood at 8.7 per cent, according to the government data released on Tuesday. GDP at constant (2011-12) prices in Q4 2021-22 is estimated at Rs 40.78 lakh crore, as against Rs 39.18 lakh crore in Q4 2020-21, showing a growth of 4.1 per cent, as per the National Statistical Office (NSO) data. India's GDP growth has slowed for the third straight quarter.
With almost all opposition parties too backing the 'Bharat bandh' and many announcing parallel protests in support of the farmers, the Centre has issued an advisory directing the states and Union Territories to tighten security and ensure peace is maintained.
'We don't expect any immediate impact on salaried jobs.'
India's growth in the last three financial years has averaged just 1.9%. It is natural to project rapid growth from this low base. Crucial to that would be the assumption that the economy has suffered no lasting damage from the pandemic, observes T N Ninan.
Curfew remained in force in six police station areas of the city, Anantnag town, Kokernag and Khanpora in Baramulla district as restrictions on assembly of four or more people continued in entire Kashmir.
Moody's Investors Service on Friday said India's economy is expected to contract for the first time in more than four decades saying economic damage owing to the coronavirus-induced lockdown will be significant with lower consumption and sluggish business activity. Even before the coronavirus outbreak, Indian economy already was growing at its slowest pace in six years and with the stimulus measures announced by the government falling short of expectations, the disruptions are likely to be greater. "We now expect India's growth to register a real GDP contraction for the fiscal year ending in March 2021 (fiscal 2020-21), from our earlier projection of zero growth," it said in a research note.
A good agricultural harvest and a timely arrival of monsoon, besides a slew of government schemes, have also come as a bounty.
Mass protests against inequality are unlikely to disrupt the World Cup in Brazil, the country's sports minister Aldo Rebelo said on Monday.
Nepal's macroeconomic performance has been held back by the earthquakes and the recent unrest and disruptions to transportation and trade routes following the promulgation of a new constitution, the IMF said has said.
"All corona warriors deserve high praise," Kovind said in his televised address.
With inflation remaining at elevated levels, central banks around the world, including the Reserve Bank of India (RBI), will kill excess demand in economy over the next six to eight months, sources in the know said. They also indicated that there could be a rate hike in June, when the inflation forecast for the current financial year would be raised. The RBI, the sources said, might announce more steps such as raising the limit on held-to-maturity (HTM) bonds to support government borrowings but might not come out with any further quantitative easing GSAP (Government Securities Acquisition Programme) measures.
China on Monday continued its unprecedented military drills around Taiwan, extending the schedule of war games launched in retaliation to the visit by US House Speaker Nancy Pelosi to the breakaway island which Beijing claims is part of its territory.
'Investors should be careful in getting carried away; although a reversal of IPO frenzy this time is taking longer than in the past.'
He had uploaded a video on social media in which he demanded that the Maharashtra government make travel arrangements for migrants, who are stranded due to the coronavirus-enforced lockdown and want to go back to their native places.
Don't believe us? Then listen to the expert. Harish Rao dispels myths about Ola and Uber's dynamic pricing model and explains why government interference in it finally hurt us, the rider.
Mumbaikars searched for ways to get out of the many traffic snarls, reports Rediff.com's Hemant Waje who was caught in the traffic blockade for hours during Wednesday's Maharashtra bandh.
A man was shot dead in police firing in Telangana's Secunderabad, trains went up in flames, and public and private vehicles attacked, as railway stations and highways turned into battleground in many states on Friday amid burgeoning protests against Agnipath, the contentious defence recruitment scheme.
The $306-million investment in Ola Electric Mobility by SoftBank Corp, Arun Sarin Family, Ratan Tata and Matrix has been the biggest funding in this space in value terms this year.
The shutdown generated tension in Mumbai and a number of towns and cities across Maharashtra.
The world's biggest lockdown that shut a majority of the factories and businesses, suspended flights, stopped trains and restricted movement of vehicles and people, may have cost the Indian economy Rs 7-8 lakh crore during the 21-day period, analysts and industry bodies said.
Restrictions have been imposed in five police station areas of Srinagar, a police official said.
Farmers gathered at several national highways, key roads and some railway tracks in Punjab and Haryana on Friday morning as part of their nationwide protest against the Centre's new agri laws.
'Both India and Japan can find themselves in a win-win situation if they draw some lessons from each other's strengths,' says Dr Rajaram Panda.
Ten trade unions with a combined membership of 15 crore workers in public and private sector, including banks and insurance companies, are on a nationwide strike to protest against changes in the labour laws.
Avid cyclists, newspaper vendors, milkmen and courier boys have come together to protest against West Bengal government's ban on cycles from city roads, reports Debaleena Sengupta.
Normal life remained disrupted in Kashmir for the 86th day following abrogation of Article 370 and bifurcation of Jammu and Kashmir into two union territories.
Suburban services were disrupted with trains on all the three lines -- western, central and harbour -- running late.
The government has to focus on real solutions, not make a mockery of the crisis through 'vaccine festivals',' asserts T N Ninan.
FMCG firms such as ITC, Parle Products, Marico, Emami, PepsiCo India and CG Corp Global on Wednesday assured uninterrupted supply of their products based on the learnings from the last year's lockdown, even as surge in COVID-19 cases in India forced Maharashtra to declare a 15-day curfew while other states also imposing various restrictions.
The company will showcase the Ioniq electric vehicle at the Auto Expo that begins next week.
designated Terrorist and Disruptive Activities Act court on Wednesday announced that it would start pronouncing verdict beginning Thursday on all 31 accused charged with planting bombs to effect the 1993 serial blasts.
Core to the planning is the rigidly-enforced closed loop that physically separates Games-related personnel from the local population
A cold snap in Europe and parts of America has caused chaos and crippled the lives of thousands. There have been over 20 weather-related deaths across Europe -- with snow continuing to fall across the continent. In America, Washington was blanketed in white after the US capital was hit by its first snow of the year. Here are glimpses from the snow bomb.
'IndiGo 2018 is a harsh, ultra-lean, mean, zero asset, fighting machine with aspirations of taking on the global long-haul low-cost market.'
Six months after Nepal was devastated by a massive earthquake, relief efforts are literally running out of steam as weeks of protests against a new constitution have led to a critical shortage of fuel. Naomi Mihara reports on how NGOs are racing against time to reach aid to the people before winter sets in.
Incessant rains lashing Andhra Pradesh for the last five days have claimed 42 lives so far in various rain-related incidents like wall collapse and inundated crops in about eight lakh hectares, official sources said on Sunday.
The 21-day coronavirus lockdown in force since Wednesday has triggered a mass exodus of migrant workers across the country since the last few days.
India has realised that one can only deal with China from a position of strength and that is not palatable to Beijing, observes Dr Rup Narayan Das.
With the expert panel's recommendations, the project comes a step closer to getting the environment clearance (EC), to be given by the Union Environment Minister.
No major clash was reported on Thursday from anywhere in Kashmir.
