Economy News

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

gst, sail ready for gst, gst rollout, gst implementation, steel, steel companies in india

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

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

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Economy News

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

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

Arshad Warsi reminds netizens, 'A year ago this was our last normal week'

Dream of Sonar Bangla will be fulfilled: PM Modi at BJP's mega rally in Kolkata

Ranvir Shorey reveals taste and smell remain lost even after testing Covid negative

Kangana Ranaut: Was told I am too good an actor to be a Bollywood leading lady

Delnaaz Irani: Never said I want to be an A-list actress or Yash Raj heroine