Economy

Reflecting slowdown in the economy, monthly finances of 17 state governments show worrying trend with total receipts growing only 4.1 per cent in the first five months of the current fiscal, compared to same period a year ago.   "For the first five months of FY20, while capital...
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Housing sales across major cities declined 25 per cent during the July-September quarter to 65,799 units, according to a report by Proptiger.com.   During the corresponding period of financial year 2018-19 (FY19), about 88,078 units were sold, the report released on Thursday...
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In a move to speed up its disinvestment process, the government is formed a consultative group headed by Department of Investment and Public Asset Management(DIPAM) for making recommendations for selection of central public sector enterprises (CPSEs) for strategic...
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In more bad news for the economy, commercial credit growth slowed down to 10.4 per cent in the quarter ending June.   As per a TransUnion Cibil report, the total on-balance sheet commercial lending exposure in India declined to Rs 63.8 lakh crore in June 2019 from Rs 65.5 lakh crore...
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Fifty-eight-year old Indian American Abhijit Banerjee is the toast of MIT Sloan and India by becoming the sixth Kolkatan to win a Nobel Prize.   Banerjee, his wife and one-time Ph.D student Esther Duflo, and Harvard professor Michael Kremer were awarded the 2019 Nobel Prize in...
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