Economy News

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

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

The RBI was set up on April 1, 1935, by the British to settle the issue of Remittance between the UK government and its officers serving in India. Here are some events over the years.

Apr 1, 2020

small savings mof post office ppf nsc kvp banks recurring deposit scheme senior citizens budget 2017

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

It is to be noted that the interest rates were last revised in July 2019 excluding post office savings account by 10 bps.

Apr 1, 2020

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

Indian refiners are processing less crude oil into fuels like LPG as industries close during a 21-day nationwide lockdown from March 25, aimed at preventing the spread of coronavirus.

Mar 31, 2020

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

IMF chief Kristalina Georgieva said that the COVID-19 pandemic has pushed the global economy into a downturn that will require massive funding to help the developing countries come out of the crisis.

Mar 28, 2020

india, moody, lobbied, economy, modi, budget 2017

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

The coronavirus outbreak has badly impacted every section of the economy which in turn will affect India's GDP growth in coming months.

Mar 27, 2020

Will RBI's massive repo rate cut and Rs 3.74 lakh cr liquidity push help economic revival?

Amidst the coronavirus scare and economic slump witnessed in the recent days, an announcement by RBI governor Shaktikanta Das brings little relief and hope in times of gloom.

Mar 27, 2020

In an effort to shore up its capital base, Yes Bank to raise up to Rs 5,000 crore

State Bank of India, the country's largest public lender, took a 49 per cent stake in Yes Bank after the central bank placed the lender under a moratorium on March 5.

Mar 27, 2020

RBI cuts repo rate by 75 bps to 4.4% to fight COVID-19, allows banks to put EMIs on hold for 3 months

In view of the ongoing 21-day lockdown to slow the spread of deadly coronavirus, the Reserve Bank has also allowed commercial banks, NBFCs (including housing finance companies) and other financial institutions to put the loan EMIs on hold for three months.

Mar 27, 2020

Citizens plea to govt for temporary break on EMI, loan repayments in its economic relief package

Indian citizens took to Twitter and social media yesterday in a plea to the government to impose a temporary pause on EMIs and loan repayment as a part of the economic relief package.

Mar 26, 2020

Coronavirus lockdown: Indian banks plan to shut down most branches during lockdown, says report

India's central bank and major lenders are considering shutting down most branches across the country to prevent tens of thousands of employees from getting infected with the coronavirus,

Mar 26, 2020

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Economy News

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%

Will RBI's massive repo rate cut and Rs 3.74 lakh cr liquidity push help economic revival?

In an effort to shore up its capital base, Yes Bank to raise up to Rs 5,000 crore

RBI cuts repo rate by 75 bps to 4.4% to fight COVID-19, allows banks to put EMIs on hold for 3 months

Citizens plea to govt for temporary break on EMI, loan repayments in its economic relief package

Coronavirus lockdown: Indian banks plan to shut down most branches during lockdown, says report

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react