Slowdown Blues

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Slowdown Blues

Slowdown Blues: No bumper festive season for auto industry but declining trend may be arrested
From a month-on-month basis, there has been an uptick, both in enquiries and actual sales, but with Navratri out of the way, what's certain is that a bumper festive season is missing
Govt to take more steps to boost consumer demand, growth: CEA Krishnamurthy Subramanian
CEA Krishnamurthy Subramanian said that one of the measures on the table is aimed at easing personal taxation and making the whole tax administration simpler.
Present economic crisis worse than 2008 recession as slump protracted now: Goldman Sachs
The chief economist at Goldman Sachs indicates that consumption has been falling since January 2018, which is much before then the end August 2018 default by IL&FS which triggered the liquidity crisis for NBFCs.
Slowdown Blues: Maruti Suzuki, Tata Motors cut production; festive sales get lukewarm response
Maruti Suzuki cut its production by 17.48 per cent in September while Tata Motors reduced its production by 63 per cent to 6,976 units
Slowdown Blues: Toyota Kirloskar floats voluntary retirement scheme for Karnataka plant employees
TKM is the fourth company to offer voluntary retirement for its employees after GM, Hero Motorcorp and Ashok Leyland as the ongoing auto slowdown continues to lead to heavy losses for companies
Slowdown blues: After a crash in sales, auto dealers now witness 10% drop in service spends
Slowdown blues: The reluctance by current owners to spend more on their cars is another dampener for the community that typically makes more money by servicing cars than by selling them.
Buoyant response to Amazon, Flipkart's festive season sales beats slowdown blues
Amazon Great Indian Festival saw a record single-day Prime membership sign-ups with 66 per cent of shopping by Prime members coming in from Tier-II and Tier-III towns. Walmart-owned Flipkart also said that it registered a jump of two times in its sales growth on the first day of The Big Billion Day 2019
Slowdown Blues: Ola, Uber have hit demand for new cars in India, says Maruti Chairman RC Bhargava
According to the chairman of Maruti Suzuki India, FM Nirmala Sitharaman is correct in her recent assertion that the ride-hailing companies have impacted auto demand. He backed up his argument saying young buyers don't need to buy cars for commuting and can spend most of their income on electronic gadgets.
Decoding Slowdown: Why continued low inflation is not good for economy
Rural and urban inflation sliding down when the headline interest rate (RBI's repo rate) has also been falling reflects all is not well with the economy. It calls for a comprehensive policy response to spur income and investment to revive consumption demand
GST rate cut on auto would lead to revenue loss of up to Rs 45,000 crore: Sushil Modi
The 37th GST Council meeting to be held in Goa on 20 September was supposed to discuss the issue of rate cut in the auto sector. The other proposals to be discussed during the meeting include tax cuts on FMCG goods and hotel industry.