An interest rate cut by the Reserve Bank of India in its June monetary policy committee (MPC) meeting is not a solution to the weak economy, said Arvind Sanger, managing partner, Geosphere Capital Management. “Focusing on the RBI and cutting rates and focusing on oil prices and going down are helpful factors but they do … Read more
NEW DELHI: Finance minister Arun Jaitley today said Sebi is evolving as per the requirements of the economy and markets as a professional organisation, as he discussed his Budget initiatives with the markets regulator. After addressing Sebi’s board and top officials at a customary post-Budget meeting, Jaitley said he also discussed the future agenda for … Read more
Global growth will pick up faster than previously expected in the coming months as the Trump administration’s planned tax cuts and public spending fire up the U.S. economy, the OECD said on Monday, revising up its forecasts. In its twice-yearly Economic Outlook, the Organisation for Economic Cooperation and Development estimated global growth would accelerate from … Read more
The Federal Reserve shouldn’t be driving the United States economy because monetary stimulus is quite limited, Trump economic advisor Judy Shelton told CNBC on Wednesday. “What you want is productive growth and the kind of growth that is truly stimulated by tax reform, by regulatory reform, trade reform and important infrastructure projects to upgrade our … Read more
Union Minister for HRD Prakash Javadekar, in recent times, issued a direction to educational institutions to adopt and promote cashless transactions and conduct of business. Digital economy RELATED STORIES 11 points Prakash Javadekar highlighted on education at #AAJTakAgenda2016 Delhi can appoint retired govt. teachers if required: Manish Sisodia No US jobs for IIT Bombay this … Read more
Global growth will pick up faster than previously expected in the coming months as the Trump administration’s planned tax cuts and public spending fire up the U.S. economy, the OECD said on Monday, revising up its forecasts. In its twice-yearly Economic Outlook, the Organisation for Economic Cooperation and Development estimated global growth would accelerate from … Read more
Stephen Lam | Reuters John Williams, president of the Federal Reserve Bank of San Francisco. The Federal Reserve can raise interest rates without threatening the U.S. economic recovery, a top Federal Reserve policymaker said on Tuesday, saying the central bank risks doing more harm by continued inaction. “It is getting harder and harder to … Read more
For thirteen years, I lived the experience of leading a public company through the unpredictability of globalization and the depths of a great recession. The lessons learned in that role – sound judgment, effective leadership, and clear vision – are all skills we expect our next president to exhibit. I have switched from the corporate … Read more
Upbeat economic data haven’t made for upbeat markets in 2016. Much of the focus, according to Drew Matus, deputy chief U.S. economist at UBS, has been on GDP. But his key to the U.S. economy is diving into “simple data” like weekly jobless claims. “If claims don’t go up, nothing bad is happening,” Matus told … Read more