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Ever since the federal government announced its decision to place caps on temporary residents, economists have been talking about how the move could potentially compel businesses to invest more on technology instead of relying on “cheap labour” from abroad, which in the long run should help boost Canada’s struggling productivity rate.

The impact of the Francis Scott Key Bridge disaster in Baltimore is «hard to comprehend» when it comes to the local economy and governments, according to tax revenue expert and CEO Niko Spyridonos.

Developing economies of East Asia and the Pacific are set to see slowing growth, with higher-for-longer interest rates and worsening geopolitical tensions clouding the outlook for the region, the World Bank said.

Gold rose to a record as indications the Federal Reserve is getting closer to cutting interest rates added impetus to a rally that’s also been driven by geopolitical tensions and robust Chinese demand.

Baltimore last week is «healthy», according to a nonprofit organisation that has been in touch with the personnel. The 2.6km-long, four-lane bridge over the Patapsco River in Baltimore, came crashing down after Dali, a 984-foot cargo ship bound for Sri Lanka, collided against it in the early hours of March 26. The 21 crew members of Dali, of which 20 are Indians, are still onboard the crippled cargo ship nearly a week after the collision.

Gadkari has said that it is ‘one hundred per cent’ possible for the country to get rid of petrol and diesel cars altogether to make India a green economy. In an interview with news agency PTI, Gadkari said “It is difficult but not impossible. This is my vision." Without a timeline to meet this ambitious target, the Union Minister for Road Transport and Highways vowed to get rid of over 36 crore petrol and diesel vehicles in the country.

NEW DELHI : Rating agency Icra Ltd credited the Indian government’s spending on infrastructure, apart from promising macroeconomic conditions and relatively stable commodity prices, for the country’s robust economic growth amid a sea of challenges. Icra joined the bandwagon of rating agencies predicting robust growth for India’s economy, which it said faced multiple challenges including inflation, rise in borrowing costs, sub-par monsoons, sluggish exports, the Red Sea crisis, and the effects of the Russia-Ukraine and Israel-Palestine conflicts.

₹ 500 and ₹ 1,000 banknotes. ALSO READ: Justice Nagarathna questions demonetisation's impact on black money eradication: '98% currency came back' In a post on X (formerly known as Twitter), Kharge noted three ways in which the PM Modi-led government is allegedly using the banking sector to loot people of the country. "Modi saheb, banks play a major role in the country's economy, and you have used banks to destroy the unorganized sector and MSMEs...the public's hard-earned money has been looted through banks," he said.

₹11.3 trillion worth of new projects were announced across the country during the three months through March, two times the figure in the December quarter, showed provisional data from the project-tracking database of the Centre for Monitoring Indian Economy (CMIE). However, the year 2023-24 ended with ₹27.1 trillion worth of new projects being announced, down nearly 31% after two successive years of sharp growth. The decline in 2023-24 can largely be attributed to the high base of the previous year, when Air India had announced a ₹6.6-trillion deal to buy aircraft in February 2023.

Rural India has not been marching in step with the overall economy. The disparity grew during the pandemic when the rural demand was badly hit and poor weather later depressed it further. But an important indicator has revealed an uptick in rural demand. Motorcycle and scooter sales in India, a significant proxy for demand in rural areas, likely grew in double-digits in the financial year 2023-24, crossing pre-Covid levels, buoyed by sustained revival in demand in urban as well as rural markets. Also Read: India's motorcycle and scooter sales likely crossed pre-Covid levels in FY 23-24

Crisil Ratings on Monday said the credit quality outlook for Indian corporates remains positive for the April-September period of the 2024-25 fiscal year with upgrades continuing to outpace downgrades. In the last fiscal year, Crisil gave 409 rating upgrades and 228 downgrades. Some export-linked sectors, such as textile and seafood, saw a higher downgrade rate due to subdued global demand or high-cost inventory that impacted profitability. «India Inc's credit quality outlook is positive for the first half of fiscal 2025 with upgrades expected to outnumber downgrades. Multiplier effect of government capex will continue to drive infrastructure and linked sectors. Healthy balance sheets will continue to support the credit quality outlook, with capex funding seen prudent,» Crisil Rating said. It said the outstanding bank credit is expected to cross Rs 200 lakh crore by March 2025, from Rs 172 lakh crore a year ago, even though there would be moderation in the rate of credit growth.

The Magnificent Seven trade is beginning to fizzle—and yet, the stock market is still heading higher. The S&P 500 climbed 10% in the first quarter, its best start to a year since 2019, even though two of its biggest constituents suffered double-digit declines. Apple shares fell 11% in the first three months of the year, while Tesla dropped almost 30%.

Narendra Modi and the Bharatiya Janata Party at a car rally organized in Atlanta ahead of the Lok Sabha elections scheduled in seven phases beginning on April 19. More than 150 cars participated in the event. A few days ago, the ‘Overseas Friends of BJP' also organized a similar car rally with over 250 participants in London and Australia.

China's manufacturing activity expanded at the fastest pace in 13 months in March, with business confidence hitting an 11-month high, driven by growing new orders from customers at home and abroad, a private survey showed on Monday. The Caixin/S&P Global manufacturing PMI rose to 51.1 in March from 50.9 the previous month, above analysts' forecasts of 51.0 and marking an expansion for the fifth consecutive month. The 50-point mark separates growth from contraction.

Oil prices edged down slightly on Monday, holding on to most of their recent gains amid expectations of tighter supply from OPEC+ cuts, attacks on Russian refineries and upbeat Chinese manufacturing data. Brent crude fell 17 cents, or 0.2%, to $86.83 a barrel by 0017 GMT after rising 2.4% last week. U.S. West Texas Intermediate crude was at $83.06 a barrel, down 11 cents, or 0.1%, following a 3.2% gain last week.

Finance minister Nirmala Sitharaman has hinted that India’s economy will see gross domestic product (GDP) expand 8% or more in the three months ended 31 March. “Hopefully, the fourth quarter… will also have (growth of) 8% or above 8%, resulting in 2023-24 having an average growth in GDP of 8% or over 8%," she said at a Mint summit on Saturday. This sends an optimistic signal on our post-pandemic growth momentum.

Austria vetoed Romania and Bulgaria’s admission into the Schengen zone at the end of 2022 but allowed Croatia full accession. Bulgaria and Romania joined the EU in 2007 and Croatia in 2013.

Democratic Maryland Gov. Wes Moore joins ‘Fox News Sunday’ to discuss the cleanup and rebuilding efforts of the collapsed Baltimore bridge.

Swiss National Bank became the first major industrial economy to unexpectedly reduce rates, raising the question whether the pivot has finally arrived for more central banks around the world to follow the example of its conservative European counterpart. Ahead of this week's scheduled review meeting of the Monetary Policy Committee (MPC), market watchers and investors are keen to know the timeline for India's rate easing cycle. However, the texture — and driver — of India's robust economic growth rates suggest their wait will perhaps be of some duration. The chances of a rate reduction in the first half of the fiscal year beginning Monday look wafer thin, with policymakers likely waiting for higher neutral rates before nudging the rate lever. The primary reason behind such overwhelmingly short odds on the 'higher-for-longer' rate trajectory is the nature of the ongoing economic expansion, which has made New Delhi a distinct outlier in a rather circumspect world. For more than 30 straight months, the gauges for purchasing managers have stayed in the expansionary mode, while the percolation effects of unprecedented capital expenditure in helping broad-base the texture of economic growth is becoming increasingly evident.

₹2.86 trillion into public sector banks, as per data presented in the Parliament by junior finance minister Bhagwat Karad in March 2023. The cleanup of legacy bad loans and stronger underwriting decisions have played a role in the improvement of their health. Asked about the trends in private capex, the minister said the private sector is investing significantly in areas offering new opportunities.

During the past decade (2013-14 to 2022-23), India’s annual total investments have ranged between 30% and 34% of GDP, barring a dip to 28% of GDP in 2020-21. This is if we measure this proportion using current prices or nominal data (let us refer to it as the ‘nominal investment ratio’). Usually, all ratios— investment, savings, fiscal deficit, current account balance, corporate profits, et al—are measured in nominal data or at current prices.