The Nikkei India Composite PMI Output index, a yardstick of private sector economic activity both in the manufacturing and services sectors, fell to 53.6 in December 2018 from a 25-month high of 54.5 in November. Since any reading above 50 indicates expansion from the previous month, the composite index shows economic activity remained strong in December, although the momentum slowed. While the New Year has started with worries about slowing global growth, the PMI survey says the Indian economy has so far remained relatively immune. … [Read more...] about 100-word take | PMI shows Goldilocks moment for Indian economy
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"There's been so much speculation about the contents of the deal... we know the broad outlines but it's not even clear whether the full terms of the deal will be made public," said Andrew Watkins, senior analyst at the International Crisis Group consultancy. … [Read more...] about Afghanistan’s future in the balance as US, Taliban sign deal
It had earlier predicted a 20 percent chance of the viral outbreak turning into a pandemic. Economists of the agency have said that the earlier prediction that the spread of the novel coronavirus infection would be contained within the Chinese borders was an optimistic one, adding that the possibility of the same turning into a pandemic are on the rise. … [Read more...] about Coronavirus as a pandemic? Odds have doubled to 40%, says Moody’s Analytics
"There is no place for price gouging on Amazon," a spokeswoman said in a statement, citing the company's policy that product information must be accurate and that Amazon can take down offers that hurt customer trust, including when pricing "is significantly higher than recent prices offered on or off Amazon." … [Read more...] about Amazon bars 1 million products for false coronavirus claims
That means individuals having a gross taxable income of Rs 5 lakh and above constitute the top 1.6 percent. Going by these estimates, even if we consider that some households will have more than one earning member and that the upper castes have more well-off people, we could again easily say that at least 95% of households will be within the Rs 8 lakh cut-off limit. … [Read more...] about Quick Take | Does the govt believe that more than 95% Indian households need job reservations?