Economy News

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

India must act quickly and attract foreign companies exiting China

Once the COVID-19 situation stabilizes, India could be able to pull up economy through foreign investments as companies move out of China more hurriedly.

Apr 14, 2020

From MSME liquidity crisis to tapping RBI reserves, Mohandas Pai serves it hot

T V Mohandas Pai cited examples of the measures taken by the US Fed and the UK government to help businesses tide over the Covid-19 crisis.

Apr 14, 2020

Explained: China fast buying stocks of major Asian FIs as markets fall

Amidst rise in coronavirus cases and a steep decline in stock prices, China is on a purchasing spree - buying stocks of companies and major financial institutions across Asia since January. Why? What's the rebound plan of China to bring back its financial stability and claim economic status globally? We deliberate here.

Apr 13, 2020

Coronavirus layoffs: Indian H-1B visa holders leave US in 60 days

Coronavirus outbreak has pushed global economies to a state of recession. In efforts to stabilise the economy in crisis, the US government has decided to lay off Indians employed under the H1B visa category in the country.

Apr 7, 2020

Unemployment rate in India for March 2020

Lockdown impact on jobs: Unemployment rate in India at an all-time high of over 23%, worst in 43 months

As of today, the findings released by CMIE indicate a sharp rise in unemployment at over 23 percent. The unemployment rate in March was 8.7 per cent, which is the highest recorded in the last 43 months or since September 2016, post demonetization.

Apr 7, 2020

As the country completes 10 days of lockdown, India Inc still awaits fiscal package

As the government plays the wait and watch game, there is a brewing sense of frustration among India Inc.

Apr 5, 2020

Questioning accuracy of India's GDP growth rate projections: Should you believe the numbers?

Bringing to your notice, the government has reduced the base to show higher GDP growth rate under the Modi government leadership in the recent past. As recently, KPMG also released a Covid-19 impact report on the Indian economy taking into account, perhaps the inaccurate numbers released by MOSPI through time as the base. We question the GDP calculation methodologies established and fundamentals in place, to understand if the growth numbers projected are accurate or not.

Apr 4, 2020

Explained: Coronavirus impact on auto, aviation, tourism and other industries in India

The growth in most sectors, including aviation, tourism, automobile and several others has seen a downward trend. The Moody's has changed the outlook of Indian banks to negative from stable and India Ratings has cut the country's GDP forecast to 3.6 per cent from 5.5 per cent for FY21.

Apr 2, 2020

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Economy News

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

India must act quickly and attract foreign companies exiting China

From MSME liquidity crisis to tapping RBI reserves, Mohandas Pai serves it hot

Explained: China fast buying stocks of major Asian FIs as markets fall

Coronavirus layoffs: Indian H-1B visa holders leave US in 60 days

Lockdown impact on jobs: Unemployment rate in India at an all-time high of over 23%, worst in 43 months

As the country completes 10 days of lockdown, India Inc still awaits fiscal package

Questioning accuracy of India's GDP growth rate projections: Should you believe the numbers?

Explained: Coronavirus impact on auto, aviation, tourism and other industries in India

RBI turns 85: Here's a look at its roller coaster ride over the years

Government steeply slashes interest rate for small saving schemes, PPF to give 7.1% return

Free cooking gas for poor during lockdown set to push up India's imports

Coronavirus impact: World 'clearly' in recession that will be worse than 2009, says IMF

Indian economy gets corona: Moody's slashes India's GDP growth to 2.5% from 5.3%

Twenty-year-old elephant shot dead in Karnataka village; culprits at large [details]

Seven soldiers killed, 19 injured after bus falls into river in Ladakh; PM Modi expresses condolences [details]

Filmmakers restoring golden era of film shooting in J&K; maiden film policy lures producers [details]

IPL 2022: RCB vs RR live-stream, squad, timings and everything you need to know about today's match

Cricket scam continues to haunt Farooq Abdullah; ED summons NC president for questioning [details]