The real GDP in FY23 will be 9.1% higher than the pre-Covid (FY 20) level. However, the size of the economy in FY23 will still be 10.2% lower than the FY23 GDP trend value (had the pandemic not slammed the brakes on growth), it added. Persistent weakness in private consumption and investment demand is estimated to contribute 43.4% and 21%, respectively, to this shortfall, it reckoned.
Continue reading your story on the app
Continue reading your story in the newspaper
At 590 km, BMW's New i4 To Be India's Longest Range Electric Car
Even the best and most expensive electric cars in India right now have a driving range of 400-500 km.
Moody's Trims 2022 India Growth Forecast To 8.8%
Retains outlook for 2023 at 5.4%
Chinese tech firms forced into 'blood listings' as capital dries up
A GROWING NUMBER of Chinese tech start-ups, once the darlings of equity markets are willing to list shares publicly in China at valuations lower than during private funding rounds in so-called blood listings.
Land deals double in one year, report shows
REAL ESTATE DEVELOPERS and other entities are back to buying land parcels, with 28 separate land deals transacted in just the first five months of 2022, cumulatively accounting for over 1,237 acres across the country.
Cement shortage to be bridged by supplies from plants in South
TO MODERATE ELEVATED cement prices, the is in talks with companies from southern India who have underutilised capacity and can ramp up production to cater for states facing a shortage.
Broadcom to acquire VMware in chipmaker's boldest $61-bn deal
BROADCOM SAID ON Thursday it will acquire cloud computing company VMware Inc in a $61 billion cash-andstock deal, the chipmaker's biggest and boldest bid to diversify its business into enterprise software.
Swiggy testing platform that enables D2C brands
SHOWCASING PRODUCT CATALOGUE
GST recovery: Tax officials to face strict action for coercion
TO REDUCE THE incidence of tax officers forcing businesses to pay additional taxes during search operations, the GST investigation wing of the Central Board of Indirect Taxes and Customs (CBIC) has cautioned that strict disciplinary action will be taken against them if such allegations are found to be true.
Rice export ban unlikely on robust stocks, bright kharif prospect
THE GOVERNMENT HAS no plans to ban or restrict exports of rice at this stage, given the surplus domestic stocks and the prospects of a bumper Kharif production, officials said on Thursday, scotching rumours that shipments of the grain may be curbed.
Government calls off BPCL privatisation
THE CENTRE ON Thursday called off the process for the strategic disinvestment of BPCL and said the expressions of interest (Eols) received in this connection "shall stand cancelled."
IRISH WATCHDOG FINES WHATSAPP $267M AFTER EU PRIVACY PROBE
Ireland’s privacy watchdog has fined WhatsApp a record 225 million euros ($267 million) after an investigation found it breached stringent European Union data protection rules on transparency about sharing people’s data with other Facebook companies.
How to Manage Your Google Privacy Settings
A privacy policy is meant to be a contract between you and a company—big tech companies in particular—that ensures these companies are keeping your data safe. One company that has an enormous amount of your data, from email and photos to videos to documents, is Google.
Economist John Cochrane Is Still Worried About the Debt
The U.S. national debt held by the public is currently almost $22 trillion, or about $67,000 per citizen, surpassing the country’s annual GDP for the first time since World War II. The Congressional Budget Office predicted in March that the U.S. debt would grow to 102 percent of GDP by the end of 2021, to 107 percent by 2031, and to 202 percent by 2051. Those estimates came before President Joe Biden signed the $1.9 trillion COVID-19 relief bill, which made the long-term budget outlook even worse.
Federal Debt: A Heavy Load
The debt continues to grow, but record-low interest rates could ease the long-term damage.
Kabir Barday – Cookie Monster
Kabir Barday, founder of OneTrust, is a first-generation American entrepreneur— and was early to realize that online privacy laws are creating a massive new market.
Death and Taxes
The Trump tax cut failed to deliver for all but the very rich. And the gop thinks this is the perfect time for more.
How To Spend $26 Billion
The money from the Aramco IPO won’t go all that far toward remaking the Saudi economy
The Age Of Consent
Thanks to GDPR, the data privacy paradigm shift comes for the internet of things.
How China Makes Its Numbers
The integrity of the country’s economic data is no longer just an academic concern.
What China Could Learn From Richard Nixon
The country’s growth is inexorably slowing. The wrong response could make that problem much worse.