Economy News

In U-turn, Punjab govt says 'will not hike minimum wages for private sector workers'

Joining voices from other states against the controversial labour reforms and economic challenges posed in the wake of the pandemic, the Punjab govt announced the withdrawal in the hike of minimum wages for private-sector workers.

May 11, 2020

insurance in india, non-life insurance, life insurance, insurance premium collection, indian economy

Grace period for life insurance policies extended till May 31

Insurance regulator IRDAI has again extended the grace period for premium payment or renewal of life insurance policies, which were due in March, till May 31.

May 10, 2020

Here's why recovery for auto sector would be an uphill task even post Covid-19

The auto industry is staring at a loss of Rs 21,000 crore due to the Covid-19 pandemic and job losses especially in the organised sector will have a direct implication on auto sales, especially two-wheelers.

May 3, 2020

India to cap relief package at $60 billion to protect credit rating: Report

Fitch warned India's sovereign rating could come under pressure if its fiscal outlook deteriorates further as the government tries to steer the country through the coronavirus crisis.

May 3, 2020

Dr. Jay Feldman is The Entrepreneur to Watch in 2020

Jay is also an Osteopathically trained doctor, who creates educational content on social media as well as on his podcast, Mentors Collective

Apr 30, 2020

ADB approves $1.5 billion to India to fight Covid-19, here's what it means

ADB has made a dedicated fund, COVID-19 Active Response, and Expenditure Support (CARES) Program to provide first support to meet the immediate requirements of the government.

Apr 28, 2020

Will a 5 lakh Health Cover Serve the Cost of COVID-19 Treatment?

Arogya Sanjeevani has a room rent cap of 2% or a maximum of Rs. 5000 per day and an ICU cap of 5% or a maximum of Rs. 10,000 per day

Apr 27, 2020

RBI announces Rs 50,000 cr 'Special Liquidity Facility' for mutual funds: Key points

Under the SLF-MF, the RBI shall conduct repo operations of 90 days tenor at the fixed repo rate.

Apr 27, 2020

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Covid-19 lockdown: SAIL borrowing jumps to Rs 52,000 crore amidst no demand

The company has ordered to review all of its purchase orders and contracts including non-essential purchase orders are being advised to be ignored.

Apr 23, 2020

'Violation of WTO principles': China cries foul over India's new FDI rules to curb foreign takeovers

The response from China came after the Indian government amended its extant Foreign Direct Investment (FDI) policy to stop "opportunistic takeovers or acquisition" of Indian companies due to the COVID-19 pandemic.

Apr 20, 2020

Has India thwarted China's economic takeover of Indian companies by tweaking FDI rules?

It is to be noted that India is not the only country that is reviewing its foreign investments in the wake of Chinese companies raising stakes all across the globe.

Apr 19, 2020

Liquidity boost, flow of credit: Full text of RBI's announcement on Covid-19 crisis

Appreciating the work of the medical staff, police force and all others working during this pandemic crisis, the Reserve Bank has released its latest announcement on its assessment of the current economic situation.

Apr 17, 2020

Hobbled by coronavirus, China's first-quarter GDP shrinks for first time since 1992

China's economy shrank in the March quarter for the first time since current records began almost three decades ago, as the coronavirus shut down factories and shopping malls and put millions out of work.

Apr 17, 2020

RBI cuts reverse repo rate from 4% to 3.75% in bid to spur bank lending

In a speech, RBI Governor Shaktikanta Das said the central bank had cut its reverse repo rate to 3.75% with immediate effect.

Apr 17, 2020

Coronavirus impact: Global economy on track, could shrink by 3% in 2020, says IMF

The IMF, in its 2020 World Economic Outlook, predicted a partial rebound in 2021, with the world economy growing at a 5.8 per cent rate, but said its forecasts were marked by "extreme uncertainty" and that outcomes could be far worse, depending on the course of the pandemic.

Apr 15, 2020

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Economy News

In U-turn, Punjab govt says 'will not hike minimum wages for private sector workers'

Grace period for life insurance policies extended till May 31

Here's why recovery for auto sector would be an uphill task even post Covid-19

India to cap relief package at $60 billion to protect credit rating: Report

Dr. Jay Feldman is The Entrepreneur to Watch in 2020

ADB approves $1.5 billion to India to fight Covid-19, here's what it means

Will a 5 lakh Health Cover Serve the Cost of COVID-19 Treatment?

RBI announces Rs 50,000 cr 'Special Liquidity Facility' for mutual funds: Key points

Covid-19 lockdown: SAIL borrowing jumps to Rs 52,000 crore amidst no demand

'Violation of WTO principles': China cries foul over India's new FDI rules to curb foreign takeovers

Has India thwarted China's economic takeover of Indian companies by tweaking FDI rules?

Liquidity boost, flow of credit: Full text of RBI's announcement on Covid-19 crisis

Hobbled by coronavirus, China's first-quarter GDP shrinks for first time since 1992

RBI cuts reverse repo rate from 4% to 3.75% in bid to spur bank lending

Coronavirus impact: Global economy on track, could shrink by 3% in 2020, says IMF

Kangana Ranaut's Dhaakad fails to pull in audience; theatres cancelling, replacing shows

More countries are putting food export controls in place

Netflix saw 3.6 mn service cancellations in US in Q1

K'taka draws highest FDI in last quarter, says CM Bommai

Global Covid caseload tops 525.5 mn, while India reports 2,022 fresh Covid cases and 46 deaths