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GDP to Grow 6.8 PC in FY25: OECD
2 weeks, 6 days ago

GDP to Grow 6.8 PC in FY25: OECD

Deccan Chronicle  

Chennai: The Organization for Economic Co-operation and Development has raised its forecast for India’s GDP growth to 6.8 per cent in FY25 from 6.6 per cent predicted in May. While strong investment, credit growth and better farm output support the GDP growth, export growth will remain weaker, it said. After clocking GDP growth of 8.2 per cent in the last …

Growth Cent Gdp Credit Grow
US Q3 GDP data: US economy grows 2.8% YoY in third quarter on steady consumer spending
3 weeks, 6 days ago

US Q3 GDP data: US economy grows 2.8% YoY in third quarter on steady consumer spending

Live Mint  

The US economy expanded steadily in the third quarter, largely powered by a broad-based advance in consumer spending and steady business investment. Gross domestic product increased at a 2.8 percent annualized pace in the third quarter, the second estimate of the Bureau of Economic Analysis figures showed Wednesday. The government’s other main gauge of economic activity — gross domestic income …

Data Spending Consumer Spending Fed Quarter Rose Gdp
Donald Trump chooses 'Dr Oz' to head US public health insurance programme
1 month ago

Donald Trump chooses 'Dr Oz' to head US public health insurance programme

India Today  

Donald Trump announced on Tuesday that he was appointing Mehmet Oz, a former surgeon and TV celebrity known as "Dr Oz," to lead the US's massive public health insurance programme. Oz is the latest of Trump's eye-catching nominations to key positions, including Fox News host Pete Hegseth to be defence secretary, vaccine skeptic Robert F Kennedy Jr as health secretary …

Trump Health Secretary Dr Oz
College Kids and Karaoke May Be Key to Japan’s Ishiba Staying On
1 month, 1 week ago

College Kids and Karaoke May Be Key to Japan’s Ishiba Staying On

Live Mint  

A shortage of students willing to work at bars, restaurants or karaoke joints in the busy year-end season — even as pay rises — is a conundrum Japanese Prime Minister Shigeru Ishiba must address to shore up his leadership. The ceiling discourages part-timers, including students, from working toward the year-end, making it a hot-button issue among younger voters who turned …

Japan Students Tax Pay Ishiba Dpp Tamaki
Nykaa’s faster deliveries won’t strain profits, says CEO Anchit Nayar after Q2 results
1 month, 1 week ago

Nykaa’s faster deliveries won’t strain profits, says CEO Anchit Nayar after Q2 results

Live Mint  

Beauty e-retailer Nykaa is pushing for faster order deliveries while sidestepping heavy capital outlays that could strain its bottom line, CEO Anchit Nayar told analysts Tuesday after the company’s Q2 earnings results. And this | India’s beauty brands battle hard in a crowded market “We are able to provide quick and timely delivery of a wide assortment of over 1,50,000 …

Beauty Nayar Nykaa Faster Deliveries
Donald Trump has sweeping plans for a second administration. Here’s what he’s proposed
1 month, 2 weeks ago

Donald Trump has sweeping plans for a second administration. Here’s what he’s proposed

Live Mint  

WASHINGTON — Donald Trump has promised sweeping action in a second administration. On transgender rights, Trump promises generally to end “boys in girls’ sports,” a practice he insists, without evidence, is widespread. Trump argues that lawmakers’ budget actions “set a ceiling” on spending but not a floor — meaning the president’s constitutional duty to “faithfully execute the laws” includes discretion …

Education Policy Social Higher Education Medicare Tax Congress
Trump has sweeping plans for a second administration. Here’s what he’s proposed
1 month, 2 weeks ago

Trump has sweeping plans for a second administration. Here’s what he’s proposed

LA Times  

Donald Trump has promised sweeping action in a second administration. Trump argues that lawmakers’ budget actions “set a ceiling” on spending but not a floor — meaning the president’s constitutional duty to “faithfully execute the laws” includes discretion on whether to spend the money. When he mentioned unions, it was often to lump “the union bosses and CEOs” together as …

Education Policy Social Higher Education Medicare Tax Congress
Elon Musk Has New Idea For Donald Trump: Giant Budget Cuts
1 month, 3 weeks ago

Elon Musk Has New Idea For Donald Trump: Giant Budget Cuts

Huff Post  

LOADING ERROR LOADING During Donald Trump’s rally at Madison Square Garden on Sunday, campaign surrogate Elon Musk pitched an eyebrow-raising $2 trillion budget cut. Trump has promoted Musk as someone who could identify wasteful federal spending, but a $2 trillion cut would amount to almost a third of the budget and crush a range of popular programs ― especially if …

Security Social Medicare Budget Trump Social Security Elon Musk
India growth slows to 6.7% on lower consumer spending
3 months, 3 weeks ago

India growth slows to 6.7% on lower consumer spending

Hindustan Times  

India's economic growth slowed to 6.7 percent on-year in the April-June quarter, official data showed Friday, as lower government outlays and lacklustre consumer spending weighed on the world's fifth-largest economy. India growth slows to 6.7% on lower consumer spending Friday's reading still places the world's most populous country among the fastest-growing major economies globally. Year-on-year gross domestic product grew at …

India Growth
Donald Trump and Kamala Harris go quiet on America's biggest economic issue
3 months, 3 weeks ago

Donald Trump and Kamala Harris go quiet on America's biggest economic issue

ABC  

Guitar virtuoso and social satirist the late Frank Zappa once labelled American politics "the entertainment division of the military industrial complex". During Greece's financial crisis, its debt to GDP level was flashing red at 140 per cent. Its debt to GDP level was flashing red at 140 per cent, sparking what many believed would be the onset of an economic …

Financial Tax Inflation Trump Debt Interest Rates Interest
Automakers hit ‘significant storm,’ as buyers reject lofty prices at time of huge capital outlays
4 months, 4 weeks ago

Automakers hit ‘significant storm,’ as buyers reject lofty prices at time of huge capital outlays

Associated Press  

DETROIT — Investors are punishing automakers’ stocks this week after second-quarter earnings reports exposed industrywide issues of slowing sales and high prices, just as the companies are having to spend huge sums to make new electric and gas vehicles. Tavares said the company’s prices are too high, causing potential buyers to leave showrooms without hearing about low-interest financing and other …

Vehicles Prices Interest Rates Interest High Average Vehicle
​More for more: On the Union Budget and allocations
4 months, 4 weeks ago

​More for more: On the Union Budget and allocations

The Hindu  

Budgets of the Union or the States, as much as they are revenue and expenditure statements for the upcoming fiscal year, are also an exercise in political economy, and the recently tabled Union Budget for 2024-25 is no different. Aside from the “nine priorities”, beginning with provisions for the farm sector and attempts to boost employment, Union Finance Minister Nirmala …

Bihar Crore Sitharaman Union Budget Ignoring States
Which clubs are going to spend in this summer’s transfer window?
6 months ago

Which clubs are going to spend in this summer’s transfer window?

New York Times  

On the day the European Championship was kicking off in Germany, with Scotland taking a 5-1 spanking from the competition’s hosts in its opening match, the starting gun on another Premier League summer transfer window was quietly fired. Get the latest transfer news on The Athletic… “I still think there’s plenty of Premier League clubs with the ability to spend. …

Europe Italy Summer Villa Market Players Germany
US economic growth last quarter revised down from 1.6% to 1.3%, inflation cools
6 months, 3 weeks ago

US economic growth last quarter revised down from 1.6% to 1.3%, inflation cools

Hindustan Times  

The U.S. economy grew more slowly in the first quarter than previously estimated after downward revisions to consumer and equipment spending and a key measure of inflation ticked down, keeping the Federal Reserve on track to possibly begin cutting interest rates before the end of the year. Details of the report showed that consumer spending growth, revised down by 0.5 …

Inflation Report Fed Quarter Rate Spending Growth
Rajdeep Sardesai shares report to claim Congress govt did not focus on minorities: Same article betrays his propaganda
7 months, 1 week ago

Rajdeep Sardesai shares report to claim Congress govt did not focus on minorities: Same article betrays his propaganda

Op India  

Even before Congress leaders, the party’s media allies come to its rescue every time it faces an attack from the BJP for its policies or statements. Kalyan, Maharashtra: "If the INDI Alliance government is formed, it will come up with Hindu budget and Muslim budget," says PM Modi pic.twitter.com/ZX3vc4Kxru — IANS May 15, 2024 Congress government’s 15 Point Programme for …

India Development Congress Gujarat Minorities Focus Minority
Treasurer Jim Chalmers's latest federal budget includes more than $80 billion of 'spending' not on the books
7 months, 1 week ago

Treasurer Jim Chalmers's latest federal budget includes more than $80 billion of 'spending' not on the books

ABC  

Governments on both sides of the political fence have long done it, and the current federal budget features the same old accounting trick where billions of dollars of spending are shifted off-balance sheet by classifying it as investment. In table 3.4 of the budget papers under "total net cash flows from investments in financial assets for policy purposes" there's more …

Policy Australia Budget Black Spending Billion Federal
New private investments dropped over 15% in 2023-24; States led capex growth
8 months, 1 week ago

New private investments dropped over 15% in 2023-24; States led capex growth

The Hindu  

Fresh investment plans by the private sector fell 15.3% in 2023-24, while foreign investors slashed new outlays by almost a third, dragging down the value of new investment announcements in the country almost 5% from the all-time high of almost ₹37 lakh crore recorded in 2022-23. Manufacturing’s share in new investments, declined from almost 54% in 2022-23 to 33.8% of …

States Investment Investments Projects State Sector Lakh Crore
Budget may focus on welfare, infra, adhere to fisc glide path
10 months, 3 weeks ago

Budget may focus on welfare, infra, adhere to fisc glide path

Hindustan Times  

New Delhi India will meet its fiscal deficit target of 5.9% of GDP in 2023-24, and largely adhere to the envisaged glide path to bring it below 4.5% by 2025-26 on the back of robust GDP growth, buoyant tax collections, and better targeting of expenditure, officials familiar with the matter said, adding that public spending on welfare schemes and infrastructure …

India Growth Tax Budget Economic Growth Official Officials
Airbnb donates $10 million to 120 nonprofits on 6 continents through its unusual community fund
11 months ago

Airbnb donates $10 million to 120 nonprofits on 6 continents through its unusual community fund

Associated Press  

NEW YORK — Airbnb on Tuesday donated a total of $10 million to more than 120 nonprofits in 44 countries on six continents, the short-term rental giant’s latest outlays in its unusual distribution of $100 million through its Airbnb Community Fund. “Airbnb has a 21st century company view,” said Janaye Ingram, Airbnb’s director of community partner programs and engagement. But …

Airbnb Fund Nonprofits Rent Hosts Unusual Community
New investments slid 46% in Q3 as manufacturing, infra outlays shrank
11 months, 1 week ago

New investments slid 46% in Q3 as manufacturing, infra outlays shrank

The Hindu  

Fresh investment plans almost halved between October and December 2023 from the previous quarter, with public capital expenditure projects tripping at a faster pace of almost 60%, while proposed private sector outlays fell 35%. While new road projects slumped 56%, with 194 projects worth ₹25,904 crore, fresh railway investment plans plummeted by a much sharper 92.2%, with only 28 new …

States Investment Investments State Crore Central Plans
Trump's 'legal defense fund' didn't pay any legal fees — but splurged on Mar-a-Lago bash
1 year ago

Trump's 'legal defense fund' didn't pay any legal fees — but splurged on Mar-a-Lago bash

Raw Story  

A legal defense fund set up to assist President Donald Trump through his numerous criminal indictments hasn't actually spent any money on legal fees, reported The Daily Beast on Tuesday — and the largest thing it actually spent money on was a huge party at Trump's Mar-a-Lago country club. "The group — a political nonprofit called the 'Patriot Legal Defense …

Legal Trump Legal Fees Fund Mar Qanon
Samsung launches 55-inch Odyssey Ark 2nd Gen monitor with four screen access
1 year, 1 month ago

Samsung launches 55-inch Odyssey Ark 2nd Gen monitor with four screen access

India TV News  

Samsung has recently unleashed a 55-inch Odyssey Ark 2nd Gen monitor in the US market. Image Source : SAMSUNG Samsung 55-inch Odyssey Ark 2nd Gen monitor Cockpit Mode and Ark Dial Remote The monitor's also has a feature called the 'Cockpit Mode' for playing anything in vertical screen orientation. The smart TV gives access to the smart TV-style apps, which …

Samsung 2Nd Gen Monitor Ark Odyssey Ark 2Nd Gen Screen Access
US budget gap soars to $1.7 trillion, largest outside COVID era
1 year, 2 months ago

US budget gap soars to $1.7 trillion, largest outside COVID era

Live Mint  

The United States government on Friday posted a $1.695 trillion budget deficit in fiscal 2023, a 23 percent jump from the prior year as revenues fell and outlays for Social Security, Medicare and record-high interest costs on the federal debt rose. Taking into account the two one-off adjustments, last fiscal year's deficit would have been closer to $1 trillion and …

Interest Treasury Spending Republican Biden Billion 2023
Zhejiang details rules on tightening govt spending
1 year, 4 months ago

Zhejiang details rules on tightening govt spending

China Daily  

Evaluation system to help ensure more money being used to improve livelihoods Provincial-level government agencies in Zhejiang are taking a range of actions to cut their spending and improve efficiency in order to funnel more funds to the public. Zhejiang recently issued measures to establish a comprehensive evaluation system comprised of 23 specific indicators, covering control of personnel expenses, reduction …

Zhejiang Improve Expenditure Public Budget