India’s fiscal space is tightening as recent tax cuts weigh on revenue growth, leaving the government with less room to support the economy through policy measures, Moody’s Ratings said on Tuesday, according to PTI. The global agency flagged that lower collections in the current financial year have added pressure on the fiscal consolidation path.Speaking at…
Kyrgyzstan has arrested the Chinese chief executive of a gold mining company accused of causing “large-scale” environmental damage, marking a sharp escalation in local scrutiny of Chinese investment in the Central Asian nation.The Chinese national, who heads Kemin Resource Group, was detained last Thursday for allegedly damaging thousands of square metres of land and providing…
NEW DELHI: Employment in the country’s unincorporated sector was estimated at 12.9 crore in the July-Sept quarter, almost at the same level as in the previous quarter, a survey showed. The quarterly bulletin of unincorporated sector enterprises released on Tuesday by the statistics office showed that the number of establishments increased from 7.9 crore in…
US retail sales grew slower than expected in September as consumers grappled with persistently higher prices and companies faced rising input costs, according to government data released on Tuesday.Retail sales rose 0.2% month-on-month, the Commerce Department said, easing from 0.6% in August and falling short of analyst estimates. The moderation in spending comes at a…
Implementation of the new labour codes is expected to deliver a Rs 75,000-crore consumption boost and raise the share of the formal workforce by at least 15 per cent, according to a research note by economists at SBI on Tuesday.The four codes, enforced from November 21, will also expand social security coverage to up to…
US consumer confidence weakened in November, falling to its second-lowest reading since April as Americans grew more wary of elevated prices, sluggish job gains and the fallout of the prolonged government shutdown, according to an AP report.The Conference Board said on Tuesday that its consumer confidence index dropped to 88.7 in November, down from an…
India’s merchandise exports, which had fallen sharply in October, have bounced back this month and entered positive territory till November 21, Commerce and Industry Minister Piyush Goyal said on Thursday.After chairing a meeting of the Board of Trade, Goyal told reporters that the latest quick estimates show a clear uptick, according to PTI.“Exports are in…
Most US stocks rose on Tuesday as softer retail sales and mixed producer-price data kept alive expectations of another Federal Reserve rate cut in December, even as a sharp fall in Nvidia weighed on the Nasdaq.The S&P 500 inched up 0.1% in early trade, with four out of five stocks in the index gaining. The…
Bitcoin’s steep fall over the past few weeks has raised fears of a deeper slump, with Deutsche Bank outlining five major factors behind the decline.Analysts at the bank said they are unsure whether the cryptocurrency will stabilise soon, warning that the latest downturn is different from earlier crashes dominated by retail speculation. Risk-off mood hits…
The commerce ministry has begun a detailed mapping of mandatory and voluntary non-tariff measures across major global markets as part of a new effort to strengthen export quality and technical compliance.In a note, the Directorate General of Foreign Trade (DGFT) said it is compiling a database of regulatory requirements — including certifications, testing protocols, inspections,…