-Livemint.com/ PTI * 'Despite being the worst affected sector in Q1(due to lockdown), it is quite puzzling how manufacturing turned itself around in Q2,' says Soumya Kanti Ghosh, Group Chief Economic Adviser, SBI * There is evidence of inventory buildup that could act as a drag on future manufacturing growth, says Ghosh New Delhi: The surprise resilience shown by the manufacturing sector that restricted GDP contraction to only 7.5 per cent in September...
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'Misled’, ‘brainwashed’, ‘instigated’: How primetime TV covered farmer protests -Anna Priyadarshini
-Newslaundry.com ‘The prime minister assured that MSP will be given to farmers. What more assurance do you want?’ asked Arnab Goswami. As thousands of farmers marched on Delhi to protest against the farm laws brought by the Modi regime which they say favour corporations over their interests, they were met with teargas, water cannons and lathicharge. To prevent the farmers from reaching Delhi, the police in Haryana and Uttar Pradesh had blockaded the...
More »McKinsey Report: Chilling news for India on global warming
-Hindustan Times McKinsey report paints a dire climate picture for India which it can’t escape without coordinated global action A new report from the McKinsey Global Institute (MGI), on the likely consequences of global warming for Asia, has some very dire projections for India—bear in mind, the report projects Asia to suffer the brunt of the climate change impact. MGI’s may not be the first such projection for India, but at a...
More »Most Enterprises Worldwide Lack Cash Flow During Pandemic: ILO
-Newsclick.in A majority of enterprises surveyed said they were finding it difficult to manage staff and operations, the ILO report says. New Delhi: As the COVID-19 pandemic disrupts several economies worldwide, particularly India’s, a new report by the International Labour Organisation (ILO) says that the greatest challenge faced by businesses across the globe has been keeping up cash flow to manage operations and staff, tide over supplier disruptions and gaining access to...
More »Firms show increase in profits even as sales fall -Vineet Sachdev
-Hindustan Times The average PE (price earnings) multiple of Sensex companies , which measures the price of a stock as a multiple of its earnings per share, has risen to 31.49 in the current month, the highest since 1998-99 . The BSE Sensex, India’s benchmark stock market index, reached an all-time high of 44,825 on Wednesday, November 25. There is reason to believe that speculation and external tailwinds, rather than strong fundamentals,...
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