Covid Hit Economy
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Xiaomi Feels Sting of China COVID Curbs With 20 Percent Fall in Q2 Revenue, Smartphone Sales Fall 29 Percent
Xiaomi reported a 20 percent drop in revenue year-on-year, as the smartphone giant felt the sting of Covid-19 curbs and restrictions in China. The firm’s stock price has tumbled nearly 40 percent since the start of 2022, hit by the slowing Chinese economy and weakening overseas growth.
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India's Remittances From Gulf Region Declined In 2020-21: RBI
The share of remittances from the Gulf Cooperation Council (GCC) region to India has declined in 2021, the Reserve Bank of India said, reflecting a slower pace of migration and the presence of the Indian diaspora in informal sectors that were hit the most during the pandemic period.
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China's Economy Was Once "Robust". Then Covid Returned
China, which once boasted of a robust defence against COVID-19 pandemic, is now hit hard by the return of the virus.
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China's Growth Could Be Severely Affected Amid Zero Covid Policy: Report
In the last few weeks, China has seen its worst COVID outbreak since the initial height of the pandemic in early 2020 when the economy slumped. The latest surge in cases could hit first-quarter gross domestic product by at least half of a percentage
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Budget 2022 Highlights: Income Tax Slabs Unchanged, CryptoTo Be Taxed At 30%
Finance Minister Nirmala Sitharaman presented a Rs 39.45 lakh crore Union Budget 2022 in the Parliament today. The major part of the spending would be on highways to affordable housing, in a bid to revive the economy hit by the Covid pandemic.
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India's Fuel Demand Hit 9-Month High In December 2021: Government Data
India's fuel consumption in December scaled a nine month peak, government data showed, although a fresh Covid wave may slow the recovery of demand
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Omicron To Impact 2021-22 Growth By 0.1%: Report
Omicron variant of Coronavirus will hit GDP for March quarter of 2021-22 by 0.40 per cent and cut 0.10 per cent from the overall growth of the fiscal
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Australia Lifts Near 2-Year Entry Ban For Non-Citizens Amid Omicron Scare
Australia on Wednesday reopened borders to vaccinated skilled migrants and foreign students after a near two-year ban on their entry, in a bid to boost an economy hit by stop-start COVID-19 lockdowns and restart international travel.
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Higher Consumer Products' Prices Could Hit Spending
Manufacturers are raising prices to pass on to consumers some of the burden of costlier energy and raw materials, which threatens to dent demand
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Informal Sector Hit Hardest By COVID Crisis In India: World Bank President
''....the hit that COVID caused on the Indian economy and especially on the informal sector of the Indian economy which is large," said David Malpass, World Bank, President
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Government Extends Emergency Credit Guarantee Scheme Till End Of 2021-22
Government has decided to extend the duration of the Emergency Credit Line Guarantee Scheme till March 31, 2022
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Rating Agency ICRA Revises GDP Growth Forecast To 9% For 2021-22
The economic growth during the current financial year i.e. in 2021-22 has been revised to 9 per cent from its earlier estimate of 8.5 per cent by ICRA
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COVID-19 Pandemic Hit Country's Economy Hard: President Ram Nath Kovind
President Ram Nath Kovind on Saturday said the Covid pandemic hit the country's economy hard and the government has taken various fiscal measures to alleviate distress and help the poor.
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Petrol Demand To Hit Record High In Current Fiscal Amid Easing Of Covid Curbs: Report
Changes in India's fuel demand patterns are crucial for global oil markets as Asia's third-largest economy is seen as the main driver of rising demand for energy over the next two decades
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GDP Data May Show 21% Jump In April-June Quarter From A Year Ago: Report
Relaxation in restrictions and a lower-than-expected hit to the economy from the second wave of the pandemic is fueling hopes of a faster recovery in coming months
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Xiaomi Feels Sting of China COVID Curbs With 20 Percent Fall in Q2 Revenue, Smartphone Sales Fall 29 Percent
Xiaomi reported a 20 percent drop in revenue year-on-year, as the smartphone giant felt the sting of Covid-19 curbs and restrictions in China. The firm’s stock price has tumbled nearly 40 percent since the start of 2022, hit by the slowing Chinese economy and weakening overseas growth.
-
India's Remittances From Gulf Region Declined In 2020-21: RBI
The share of remittances from the Gulf Cooperation Council (GCC) region to India has declined in 2021, the Reserve Bank of India said, reflecting a slower pace of migration and the presence of the Indian diaspora in informal sectors that were hit the most during the pandemic period.
-
China's Economy Was Once "Robust". Then Covid Returned
China, which once boasted of a robust defence against COVID-19 pandemic, is now hit hard by the return of the virus.
-
China's Growth Could Be Severely Affected Amid Zero Covid Policy: Report
In the last few weeks, China has seen its worst COVID outbreak since the initial height of the pandemic in early 2020 when the economy slumped. The latest surge in cases could hit first-quarter gross domestic product by at least half of a percentage
-
Budget 2022 Highlights: Income Tax Slabs Unchanged, CryptoTo Be Taxed At 30%
Finance Minister Nirmala Sitharaman presented a Rs 39.45 lakh crore Union Budget 2022 in the Parliament today. The major part of the spending would be on highways to affordable housing, in a bid to revive the economy hit by the Covid pandemic.
-
India's Fuel Demand Hit 9-Month High In December 2021: Government Data
India's fuel consumption in December scaled a nine month peak, government data showed, although a fresh Covid wave may slow the recovery of demand
-
Omicron To Impact 2021-22 Growth By 0.1%: Report
Omicron variant of Coronavirus will hit GDP for March quarter of 2021-22 by 0.40 per cent and cut 0.10 per cent from the overall growth of the fiscal
-
Australia Lifts Near 2-Year Entry Ban For Non-Citizens Amid Omicron Scare
Australia on Wednesday reopened borders to vaccinated skilled migrants and foreign students after a near two-year ban on their entry, in a bid to boost an economy hit by stop-start COVID-19 lockdowns and restart international travel.
-
Higher Consumer Products' Prices Could Hit Spending
Manufacturers are raising prices to pass on to consumers some of the burden of costlier energy and raw materials, which threatens to dent demand
-
Informal Sector Hit Hardest By COVID Crisis In India: World Bank President
''....the hit that COVID caused on the Indian economy and especially on the informal sector of the Indian economy which is large," said David Malpass, World Bank, President
-
Government Extends Emergency Credit Guarantee Scheme Till End Of 2021-22
Government has decided to extend the duration of the Emergency Credit Line Guarantee Scheme till March 31, 2022
-
Rating Agency ICRA Revises GDP Growth Forecast To 9% For 2021-22
The economic growth during the current financial year i.e. in 2021-22 has been revised to 9 per cent from its earlier estimate of 8.5 per cent by ICRA
-
COVID-19 Pandemic Hit Country's Economy Hard: President Ram Nath Kovind
President Ram Nath Kovind on Saturday said the Covid pandemic hit the country's economy hard and the government has taken various fiscal measures to alleviate distress and help the poor.
-
Petrol Demand To Hit Record High In Current Fiscal Amid Easing Of Covid Curbs: Report
Changes in India's fuel demand patterns are crucial for global oil markets as Asia's third-largest economy is seen as the main driver of rising demand for energy over the next two decades
-
GDP Data May Show 21% Jump In April-June Quarter From A Year Ago: Report
Relaxation in restrictions and a lower-than-expected hit to the economy from the second wave of the pandemic is fueling hopes of a faster recovery in coming months
