How serious is India’s economic slowdown?

THE ECONOMIC TIMES Fri, Aug 30, 2019 | 05:49 PM IST Slideshows Newsletter

How serious is India's economic slowdown? According to global broking firm Goldman Sachs, as of June 2019, the current slowdown has lasted for 18 months, making it is the longest since 2006. More than half of the decline in economic activity has been driven by a consumption slowdown, which appears to be broad-based, with components other than auto contributing more than twice the effect of autos to the total consumption decline, says the brokerage in a report. Motor Vehicle Act: Hike in driving penalties from September 1 The government has notified 63 provisions of the Motor Vehicles Amendment Act 2019, including the ones dealing with enhanced penalties for various traffic offences, an official release said on Wednesday. The new clauses would come into effect from September 1, 2019. Politics and romance on Hong Kong's barricades A gas mask lovingly adjusted, a hand squeezed before approaching police lines and a frantic search through swirls of tear gas — Abby and Nick's relationship has blossomed on the barricades during Hong Kong's long summer of protest. Farmers and animals struggle in drought-hit Botswana Around 38,000 livestock depend on the waters of Lake Ngami in northern Botswana, but the animals -- like the lake itself -- have been stricken by a crippling drought. Slovenian village divided over Trump 'statue of liberty' Amid the idyllic calm of a sleepy corner of northern Slovenia, the unlikeliest of disturbances intrudes — an irate villager on a tractor ploughing into a huge effigy of US President Donald Trump. Australia downgrades the outlook for Great Barrier Reef to 'very poor' Australia downgraded the Great Barrier Reef's long-term outlook to "very poor" for the first time Friday, as the world heritage site struggles with "escalating" climate change. Italy's Stromboli volcano erupts, sparking huge ash cloud Italy's Stromboli volcano off the coast of Sicily erupted Wednesday, according to firefighters who rushed to put out wildfires sparked by lava flows. Amazon to offer help for customers who search about suicide Searching for the word "suicide" last week on Amazon's U.S. marketplace resulted in the webpage showing users to "suicide kits" and nooses. Your large cap mutual funds are not same anymore Some mutual fund advisors are asking their clients to stop investing in large cap mutual funds, especially actively-manged schemes. These advisors believe that these schemes have lost their relevance after the re-categorisation exercise that mandated them to invest 80 per cent of the corpus in top 100 companies. How to safeguard your banking transactions Advanced banking technology helps us access our money at the click of a button. However, it is important to ensure such facilities are used wisely, so that we do not fall victim to fraud or misuse of our money. Here are some checks that one can put in place to prevent frauds.

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