India’s fiscal space is tightening as recent tax cuts weigh on revenue growth, leaving the government with less room to support the economy through policy measures, Moody’s Ratings said on Tuesday, according to PTI. The global agency flagged that lower collections in the current financial year have added pressure on the fiscal consolidation path.Speaking at…
Kyrgyzstan has arrested the Chinese chief executive of a gold mining company accused of causing “large-scale” environmental damage, marking a sharp escalation in local scrutiny of Chinese investment in the Central Asian nation.The Chinese national, who heads Kemin Resource Group, was detained last Thursday for allegedly damaging thousands of square metres of land and providing…
CHENNAI: This calendar year has turned out to be an impressive one for battery-powered electric vehicles in the country. For the first time, total EV registrations across all segments have crossed the milestone of 2 million units – and the year is still not over, with more than a month to go. The surge highlights…
NEW DELHI: Employment in the country’s unincorporated sector was estimated at 12.9 crore in the July-Sept quarter, almost at the same level as in the previous quarter, a survey showed. The quarterly bulletin of unincorporated sector enterprises released on Tuesday by the statistics office showed that the number of establishments increased from 7.9 crore in…
India’s merchandise exports, which had fallen sharply in October, have bounced back this month and entered positive territory till November 21, Commerce and Industry Minister Piyush Goyal said on Thursday.After chairing a meeting of the Board of Trade, Goyal told reporters that the latest quick estimates show a clear uptick, according to PTI. ‘Double Trade…
With Vande Bharat sleeper trains, newer versions of Amrit Bharat Express, passengers can hope for better travel experience in the coming years. Train travel in India is a vibe, with Indian Railways transporting millions of passengers. With the launch of the Vande Bharat Express trains a few years ago, Indian Railways has aimed to change…
Implementation of the new labour codes is expected to deliver a Rs 75,000-crore consumption boost and raise the share of the formal workforce by at least 15 per cent, according to a research note by economists at SBI on Tuesday.The four codes, enforced from November 21, will also expand social security coverage to up to…
US consumer confidence weakened in November, falling to its second-lowest reading since April as Americans grew more wary of elevated prices, sluggish job gains and the fallout of the prolonged government shutdown, according to an AP report.The Conference Board said on Tuesday that its consumer confidence index dropped to 88.7 in November, down from an…
Most US stocks rose on Tuesday as softer retail sales and mixed producer-price data kept alive expectations of another Federal Reserve rate cut in December, even as a sharp fall in Nvidia weighed on the Nasdaq.The S&P 500 inched up 0.1% in early trade, with four out of five stocks in the index gaining. The…
US retail sales grew slower than expected in September as consumers grappled with persistently higher prices and companies faced rising input costs, according to government data released on Tuesday.Retail sales rose 0.2% month-on-month, the Commerce Department said, easing from 0.6% in August and falling short of analyst estimates. The moderation in spending comes at a…
