Economy - Asian News from UK

Emerging Economies Expect Benefits From $900 Bn US Stimulus

After a massive plunge in global equities due to renewed Covid fears, market insiders pinned hopes on the $900 billion US stimulus bonanza re-igniting a torrent of foreign fund inflows into emerging

December 22, 2020

Business·Economy·USA

Indian Economy Springing Back To Q4 FY20 Levels: Report

The continuous improvement in the key economic and business indicators signals that the worst is behind us and expectations of a positive GDP growth at 0.1 per cent to 2 per cent

December 22, 2020

Economy·India News

India’s Housing Sales Plummet In 2020

Home sales across the top seven cities declined 47 per cent to 1.38 lakh units in 2020, according to a report by Anarock Property Consultants. In 2019, overall sales across the major

December 22, 2020

Business·Economy·India News

Reliance, BP Begin Gas Production From Ultra Deep Water Field

Reliance Industries Limited (RIL) and British Petroleum (BP) have announced the start of production from the R Cluster, ultra-deep-water gas field in block KG D6 off the Kakinada coast. RIL and BP

December 20, 2020

Business·Economy·India News

Huge Jump In Loan Write-offs in NDA Era: Report

“The official data is not only revealing but very distressing. During the 10 years of UPA government (2004-2014), the total loans written off was Rs 2,20,330 crore, but during less than five

December 20, 2020

Business·Economy·India News

Defaulting Wages: Apple Puts Wistron On Probation

Apple has placed Wistron Corporation on probation after finding fault with the company over payment delays in October and November to workers at the Taiwanese contract manufacturer’s Narasapura facility near the Karnataka

December 20, 2020

Business·Economy·India News·USA

Strong Credentials Will Guide The Economy Back: Puri

Union Minister Hardeep Singh Puri said that strong economic fundamentals will lead India back to pre-Covid levels in January-March 2021. According to Puri, considering the impact of the Covid-19 pandemic on livelihoods,

December 18, 2020

Economy·India News

FICCI Calls For Incentives On Infra Investments

As the Finance Ministry prepares for the upcoming Union Budget for the FY21-22, it has been speaking to several stakeholders; industry body FICCI has come up with a number of suggestions, including

December 18, 2020

Economy·India News

DISCOM Revenues Fell 3% Since FY16: Report

Direct tariff electricity subsidies from the state governments have increased 32 per cent since FY 2016, amounting to Rs 1,10,391 crore ($14.96 billion) in FY 2019, an independent report by the Council

December 17, 2020

Business·Economy·India News

Fed Indicates Long Stay Of Near Zero Rates

The US Federal Reserve has kept its benchmark interest rate unchanged at the record-low level of near zero after concluding the final policy meeting of 2020, while expecting rates to stay there

December 17, 2020

Economy·USA

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