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PM Modi to take call on economic revival steps

Thursday, August 15, 2019, 8:24 AM

A stimulus programme to revive growth could be in the works with the finance ministry set to brief PM Modi about the economic situation, the issues faced by various sectors and also suggest possible-intervention as concerns mount. The meeting could result in a significant stimulus package that includes incentives to boost demand, some industry-specific measures and possible relief for portfolio-investors from the super-rich surcharge.
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China is saving stimulus for trade war winter as yuan weakens

Sunday, August 11, 2019, 7:21 PM

Chinese policy makers are holding back from rolling out the big guns of monetary stimulus, keeping options in reserve as the trade standoff with the U.S. risks morphing into a global currency war. The People's Bank of China late Friday called for a "rational" view on current headwinds, signaling that the targeted approach to shoring up output would continue.
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Global economic uncertainty threatens oil demand: IEA

Friday, August 9, 2019, 8:31 PM

Concerns over the health of the global-economy, marked by the US-China trade dispute, forced the International Energy Agency to lower its growth forecast for oil demand for 2019 and 2020. "There have been concerns about the health of the global-economy expressed in recent editions of this report and shown by reduced expectations for oil demand growth," the Paris-based agency said in its monthly report.

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