Budget will be driven by election motives
Finance Minister P Chidambaram will present the Union Budget on February 29. The presentation of the Budget is one of the most closely followed event in India as it affects almost every one right from the housewife, salaried class, corporates, entrepreneurs and even those who have retired. To find out what are the expectations of [...]
Fed boss says 2008 outlook worse
Federal Reserve chief Ben Bernanke has said that the outlook for the US economy in 2008 has worsened. His comments in Washington come after leading investment banks warned that the US was heading for a recession. However, Mr Bernanke said the central bank was willing to act in a decisive and timely manner to ensure [...]
U.S. Economy Unexpectedly Sheds 17,000 Jobs
The economy lost 17,000 jobs in January, the Labor Department reported on Friday, the first monthly decline in four years and the most striking evidence yet that the United States may be slipping into a recession. Until now, the labor market had been growing at a steady if softening pace. Many economists pointed to expanding [...]
What is Recession?
I come across most of folks ask me about what is recession and how it affects the country’s economy. It gives me chance to bring some good resources into this blog. I have collected excerpts from few sites and posting here. about.com The official definition of recession is when GDP growth is negative for consecutive [...]
