The project holds strategic significance as Zojila Pass is situated at an altitude of 11,578 feet on the Srinagar-Kargil-Leh National Highway and remains closed during winters due to heavy snowfall.
private lender Yes Bank topped the list of worst-performing banks with a degrowth of 48.63 percent in Q3 2020
Once again, we face two massive tasks: to fight the crisis today and build a better tomorrow, Kristalina Georgieva said.
IMF MD Kristalina Georgieva described COVID-19 as a human crisis everywhere, and especially in countries where the loss of life has climbed up so much
The small scale of the stimulus highlights the Centre's limited budgetary firepower to support the economy, Moody’s said.
Under the best case scenario, energy demand returns to pre-pandemic levels only by 2023
The World Bank is encouraging countries to spend in the first instance on health programmes, on social programmes, and on education, World Bank President David Malpass said, adding that a critical step for countries is to reopen schools
The IMF’s fiscal monitor estimates India’s overall fiscal deficit to be 13.1 percent of GDP in FY21 and to remain above 10 percent till FY23
Economist Arvind Panagariya emphasised that PM Modi’s deeds “look particularly impressive” when taking into account that reforms enacted have been “politically far more contentious than those enacted by predecessor governments.”
Finance Minister Nirmala Sitharaman while addressing the press after the GST Council meeting insisted that there were differences within the GST Council on the borrowing issue, but they cannot be termed as a dispute
Tweeting his concern that India “which had a lead of 25 percent five years back is now trailing”, Kaushik Basu called for “bold fiscal or monetary policy”.
The most telling example is the Airports Authority of India. It reported a 92% fall in revenue from Rs 2,973 cr during April-June 2019 to Rs 239 cr in 2020. CAPA India warns that the revenue impact for FY21 is likely to be over 50 percent, and job losses around 30 percent-plus.
In PPP terms, India's per capita GDP in 2020 is estimated by IMF at $6,284 as compared to $5,139 for Bangladesh
By allowing 20 states to borrow more to meet GST compensation shortfall, the Centre seems to have encroached on the turf of the apex decision-making body
In this edition of the Explained series, Moneycontrol's Shraddha Sharma explains why the younger generation is more burdened than the previous one.
More than 80 percent of the country's paddy crop is grown in the kharif season. The government through Food Corporation of India (FCI) and state agencies undertakes procurement of paddy at MSP.
The paper, jointly authored by Subramanian and Pennsylvania State University professor Shoumitro Chatterjee, said India is turning inward, domestic demand is assuming primacy over export orientation and trade restrictions are increasing, reversing a three-decade trend.
While industrial credit contracted by 0.6 percent, and its share in overall credit declined to 30.8 per cent from 32.8 per cent a year ago, credit to household sector increased by 9 percent and its share in the total credit rose to 50.2 per cent from 48.7 per cent a year ago
The information collected in the survey includes quantitative data on new orders received during the reference quarter, backlog of orders at the beginning of the quarter, pending orders at the end of the quarter, and total inventories with a breakup between work-in-progress and finished goods inventories.
The had announced a moratorium on repayment of term deposits for 3 months citing COVID-19 pandemic in March. Later it was extended till August 31 to give borrowers more time to clear payments of EMIs, without being classified as NPAs.
Inflation in food articles during the month was at 8.17 percent, as against 3.84 percent in August, showed the data from the commerce and industry ministry.
India will feel the economic effect of the pandemic more deeply than other large economies
Watch this edition of 3-Point Analysis to know when a trend reversal is likely for SIPs
Impact of COVID-19 on migrants, unorganised sector, social security programmes and difficulties being faced by industries and problems faced by workforce during the pandemic will also be interest areas
India ranks among the worst thanks to one of the highest consumer price inflation numbers in the world