In recent weeks, top policymakers have repeatedly signalled their intention to work towards harvesting the consumer power of China's 1.4 billion people, after economic growth in 2022 slumped to one of its weakest levels in nearly half a century.
Prime Minister Fumio Kishida told ministers to draft the relief package by the end of October so it can be passed by parliament this year, government spokesman Hirokazu Matsuno told reporters.
In a front-page report Tuesday, the newspaper said Beijing should introduce new pro-growth policies at the appropriate time to keep growth within a reasonable range, citing Wen Bin, chief economist at China Minsheng Bank.
High inflation, which has overshot the Fed's 2 percent target, could imperil Biden's economic agenda. Financial markets speculate a hefty 50-basis point interest rate hike from the Federal Reserve next month
Pace at which US Fed intends to roll back accommodative monetary policy can unnerve markets. While upbeat wage growth signifies robust demand conditions leading to better earnings prospects, there is a high risk for valuation contraction due to lower liquidity
Once market participants are able to assess the impact of these factors on future earnings and market performance, we shall see a new leadership emerging in the markets.
FM Nirmala Sitharaman’s statement came at a time when chorus for another stimulus package has grown amid massive stress on the economy due to curbs linked to COVID-19 second wave
After the onset of the lockdown, we at Stockal saw a 300% growth in Indian investors on the platform. In terms of volumes, Stockal processed $400 million worth of transactions during this financial year, says Srivastava.
The lesson of respecting central bank independence becomes all the more important when we remember that Turkey and India are both members of the ‘Fragile Five.’
Experts are of the view that investors should use the dips, if any, to buy into precious metal. Gold could face some resistance around Rs 50,100 while silver Futures could face hurdles near Rs 66,100.
Finance Minister Nirmala Sitharaman said that the size of ‘Aatmanirbhar Bharat 3.0’ package amounted to Rs 2.65 lakh crore. However, calculations by Moneycontrol and by independent analysts show that it may not be more than Rs 1.5 lakh crore.
Recently, the government announced steps to stimulate consumer demand consisting of measures like Rs 10,000 festive advance for government employees, Rs 12,000 crore for 50-year interest-free loan to states to boost the economy, a payment of cash in lieu of LTC, etc
The rally in the US has rubbed off on all major markets, despite complete pandemonium in almost all economies
Central government needs to tap all available resources and do more to salvage the economy as quickly as possible
Measure does little to boost housing sales and may curtail remedies available to homebuyers, say legal experts
In the immediate term, the package does little to boost demand, is inadequate although it adds up to a notional 10 percent of GDP, and leans too heavily on a spluttering financial system.
Investors with less appetite for risk should stick to the Nifty
Large investment in infrastructure, both by the government and the private sector, will be required to give a choice to farmers to sell to a buyer of their choice.
The reforms on land, labour, and law is still awaited which might be beneficial to drive overall investments in the economy and should have the highest multiplier effect albeit in the medium-term.
The sector wants to be included in the financial package announced by the government.
Since the entire set of measures would be revealed over the next few days, the market would stay nervous until it gets the entire details. Volatility is likely to remain high for the rest of the week.
“The move to cut EPF will help increase the take home pay of employees. It will also reduce the cost to the employers, especially for international workers where the company picks up the cost,” said Saraswathi Kasturirangan, Partner, Deloitte India.
Experts advise investors to use dips to buy the yellow metal for a target of Rs 47,000 per 10 gm.
Out of the 420 companies listed on the SME segment of BSE and NSE, nearly 70 percent are trading below their offer price