Slowdown Blues

images/secimages/economyslowdown_051319041734.png

Slowdown Blues

Sans tax cuts or sops, can FM Sitharaman's confidence-building measures remedy slowdown blues
Retracting ill-conceived steps, introducing confidence-building measures, liquidity enhancement, commitment of interest rate transmission and a lot of promises for infrastructure, home buyers and automobile sector dominated FM Sitharaman's announcements
Nirmala Sitharaman press conference: Finance Minister touches on pain points plaguing economy
Though Nirmala Sitharaman had earlier declined to comment on the speculations of a stimulus package, she has been meeting industry representatives for the past several days to understand their concerns
Slowdown Blues: From biscuits to cars; it is a deathblow for the economy as demand dries up
The key to lifting the gloom is in raising the income of working population through better wages to revive consumption demand
Current economic slowdown 'unprecedented', says Niti Aayog's Rajiv Kumar
Rajiv Kumar says India is facing such an economic downturn for the first time in 70 years, a liquidity crisis wherein lenders have stopped funding businesses, resulting in a situation where they have to survive on cash
Slowdown Blues: Auto companies in India cut more jobs, halt production to tackle slump
Auto companies in India cut more jobs: Japanese carmaker Toyota Motor and South Korea's Hyundai Motor are the latest in a string of companies to halt production at plants to combat slumping sales.
Slowdown Blues: Computer peripheral shipments slip as downturn bites
IDC stated that the India HCP market (Hardcopy Peripherals) fell 4.2 per cent to 0.84 million units in the June quarter of 2019 versus the year-ago period
No hike in vehicle registration fee! Govt puts plan on hold amid slowdown
Following the proposal to increase registration fee on new vehicles, automakers petitioned the government seeking reduction in GST and other charges that inflate the cost of a vehicle.
Auto slowdown: The lady doth protest too much, methinks!
Running to the government cap in hand, at the first signs of a business downturn, hardly behoves such well-established industrial giants.
Parle may lay-off up to 10,000 employees over weakening demand, GST woes
Parle Products category head Mayank Shah said that weakening demand is because of increased GST on biscuits, which is only worsened by absence of adequate government stimulus.
Slowdown Blues: Govt needs to raise income levels of working population to boost growth
Now that a decline in private consumption is pulling down economic growth, the focus needs to shift to improving wages and other measures to spur demand and savings, which does not seem to be happening now