Economy

Government Releases Consolidated FDI Policy Document

New Delhi: The Commerce and Industry Ministry on Monday released the next edition of its consolidated FDI policy document, incorporating all the changes made over the past year. The Department of Industrial Policy and Promotion (DIPP) said the new “circular will take effect” from the same day. The consolidated policy is a compilation of the various decisions taken by the ... Read More »

GDP Growth Seen Picking Up To 6.6% In Q1 But GST A Hurdle: Poll

Bengaluru: The country’s economic growth likely accelerated to 6.6 per cent in the quarter just ended, but analysts polled by Reuters are sounding increasingly worried that confusion over the Goods and Services Tax (GST) will dampen activity in coming months. The forecast, from a survey of over 40 economists taken over the past week, compares with growth of 6.1 per ... Read More »

Raghuram Rajan Pens Book On RBI Stint In ‘Turbulent Times’

New Delhi: Raghuram Rajan explains economic concepts and talks of issues like tolerance and connection between political freedom and prosperity in his new book, which is a collection of essays and speeches during his stint as RBI head. When Rajan took charge as governor of the Reserve Bank of India in September 2013, the rupee was in free fall, inflation ... Read More »

Fed’s Yellen says Dodd-Frank regs help — not hurt — economy

JACKSON HOLE, Wyoming — Federal Reserve Chair Janet Yellen is defending the web of regulations the Fed helped enact after the 2008 financial crisis, saying it helped restore the banking system’s health and disputing criticism that the rules have hurt lending. Yellen says the Fed is prepared to adjust the regulations as needed to help financial institutions. But she is implicitly ... Read More »

As economy and earnings excel, here’s what’s dragging down stocks

Getty Images Pedestrians walk past the New York Stock Exchange. The U.S. economy and corporate earnings continue to impress, but markets’ positive momentum has been sapped by the political follies of the Trump administration. And from a trading perspective, the U.S. dollar is unlikely to stage much of a comeback unless the tone from Washington becomes decidedly more disciplined. It ... Read More »

‘Hard’ Brexit offers ‘£135bn annual boost’ to economy

Removing all trade tariffs and barriers would help generate an annual £135bn uplift to the UK economy, according to a group of pro-Brexit economists. A “hard” Brexit is “economically much superior to soft” argues Prof Patrick Minford, lead author of a report from Economists for Free Trade. He says eliminating tariffs, either within free trade deals or unilaterally, would deliver ... Read More »

20 Surprising Stats About the Gig Economy

More than a fourth of the U.S. is now officially part of the freelance gig economy, a recent report indicates. In the future, more and more people of all ages and ethnicity will declare their independence from the 9-to-5 daily corporate grind for the freedom, autonomy and self-determination that the freelance, gig economylifestyle brings. So says a new report from Spera, ... Read More »

Asia has been the world’s economic miracle. Three countries are threatening that

A territoriality aggressive China, North Korea’s nuclear hostility and a chaotic White House under President Donald Trump are key factors that could derail Asia’s steady economic growth. KCNA | Reuters People participate in a Pyongyang city mass rally held at Kim Il Sung Square on August 9, 2017, to fully support the statement of the Democratic People’s Republic of Korea (DPRK) government. The continent largely ... Read More »

What Is Amazon AppStream 2.0 and Why Might Your Business Need It?

Remote access to digital resources has become one of the most important features of today’s business ecosystem. And with people spending more time working remotely, businesses and individuals are looking for reliable platforms to access said resources. The Amazon AppStream 2.0 application was created with this very goal in mind. Version 1.0 When Amazon (NASDAQ:AMZN) introduced AppStream in 2013, it had ... Read More »

95 Percent of Small Businesses Are Focused on Tax Relief, Survey Says

Tax relief is on top of U.S. small business owners’ wish lists. NWYC Q2 2017 Small Business Sentiment Index That’s according to the Q2 2017 Small Business Sentiment Index from National Write Your Congressman (NYWC). The survey found an overwhelming majority of small businesses (95 percent) saying they would like Congress to act on tax relief and simplification. Small Businesses Want the Government ... Read More »