Global financial services major Morgan Stanley expects the US markets to underperform peers in 2020 as the dollar weakens and growth outside the United States picks up amid monetary easing and receding trade tensions.The Wall Street Bank, in a report dated November 17, forecasted that real GDP growth in the US, which is "clearly in late-cycle", will slow from 2.3 percent in 2019 to 1.8 percent in 2020.In the report, Morgan Stanley noted that the 75 basis point rate cut by the US Federal Reserve this year did stabilise the slowdown by lifting private demand but most of its benefits have already been absorbed.Close "In 2020, the economy will grow more slowly as the bulk of the positive lift from lower interest rates will have been absorbed and households balance higher income with higher prices from tariffs," it said. related news Delhi-NCR pollution: Ola and Microsoft to collect air quality data PFRDA studies proposal to allow pension fund managers to provide annuity services … [Read more...] about Global growth to pick up next year, US to struggle: Morgan Stanley
How is economic growth calculated
Renu KohliThe evolving fiscal dynamics threatens to override September’s fiscal reforms and support actions. The government’s action, combined with monetary easing, were seen to spark a recovery from this quarter.But an intensifying resource crunch and its interplay with persisting economic weakness in October are an alarming sign. The fiscal policy is fast getting trapped between the need to restrain spending and yet boost demand or risk negating monetary stimulation.Close Fiscal slippage risks have increased due to a deepening revenue deficit which, in conjunction with fresh financing commitments and corporate tax giveaway, has brought the gap and absence of additional resource-mobilization plans into the spotlight. related news Macro Matters | Was consumer spending in 2017-18 really lower than in 2011-12? FM holds meeting on GST simplification; similar meetings across country on Dec 7 CBIC refutes reports of authorities seeking 18% GST levy on CEO, CXO … [Read more...] about Fiscal hit fears are for real. Where are resources for growth?
Telecom is a "critical" sector with direct impact on economic growth, employment and other crucial domains like healthcare and agriculture, and the advent of 5G will strengthen this connect, DoT Secretary Anshu Prakash said on Monday.Addressing the ASEAN-TRAI program on 'capacity building and sharing of best practices in policy regulation and development', Prakash said the sector is also playing a major role in empowering citizens, contributing to better governance and enhancing transparency."Telecom is critical, it is a core infrastructure sector with direct impact on economic growth, on employment and on other sectors because other sectors ride on telecom. Digital connectivity is an integral part...be it finance, agriculture, healthcare, and with the advent of 5G this linkage will certainly emerge stronger," Prakash said.Close Speaking on the occasion, Telecom Regulatory Authority of India (TRAI) Chairman RS Sharma said information and communications technologies are all pervasive, … [Read more...] about Telecom’s linkage to other sectors will emerge stronger with 5G: DoT Secretary
Share prices of TVS Motor Company was trading higher by over 3 percent intraday on October 18 after the company posted better numbers for the quarter ended in September.The company has reported 20 percent jump in its Q2FY20 standalone net profit at Rs 255 crore against Rs 211.31 in the same quarter in 2018. The revenue of the company was down 13 percent at Rs 4,347.8 crore versus Rs 4,993.47 crore.Meanwhile, earnings before interest, tax, depreciation and amortization (EBITDA) was down 10.8 percent at Rs 382 crore versus Rs 428.1 crore.Close Also Read: TVS Motor September quarter results: Decent show, but valuation too high related news General Insurance Corporation share price falls 4% on HSBC downgrade D-Street Buzz: Nifty Pharma outperforms led by Glenmark; Tata Steel, Airtel rise 3-5% Tata Steel share price gains 3% after exiting NatSteel Vina The stock has gained over 17 percent in the last three days and has witnessed spurt in volumes by more than 1.38 … [Read more...] about TVS Motor jumps 3% after Q2 results, but global brokerages have a different view
Pondering the business case for diversity, Todd L. Pittinsky, a professor of technology and society at Stony Brook University, observes something isn’t quite right. “Different kinds of people will come up with different kinds of ideas, and the more variety, the better,” he writes in Harvard Business Review. Multiple studies have backed this up. advertisement advertisement However, he asks, if that’s the case, then why has Silicon Valley consistently been a locus of innovation? Pittinsky rightly notes that there are other kinds of diversity in the Valley, particularly foreign workers on H-1B visas. And just touting the boost to the bottom line by having more women and people of color doesn’t really stand as an argument when tech is an industry that consistently delivers profits. “Should we just drop the subject? Abandon the cause?” he asks. “No, we shouldn’t. But we do need to be more honest about our motives and about … [Read more...] about How To Make A Better Business Case For Diversity