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April 19, 2021 11:49 AM IST It is to be noted that the economy contracted by a whopping 23.9 per cent in the first quarter (April-June) of the previous financial year due to the outbreak of the COVID-19 pandemic.
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April 19, 2021 11:34 AM IST S Jaishankar arrived in Abu Dhabi on Sunday with a focus on boosting bilateral economic cooperation. His visit to the United Arab Emirates comes amid evolving geo-political developments in the region, particularly in Afghanistan.
- April 16, 2021 06:50 PM IST
Beginning March this year, the second wave started rearing its head with a sudden jump in cases, forcing many states to go for localised restrictions to break the COVID-19 chain.
- April 14, 2021 07:18 PM IST
The Maharashtra government on Tuesday announced a 15-day statewide curfew from Wednesday amid the spike in coronavirus cases in the state. The curfew, which exempts essential services, will come into effect from 8 pm on Wednesday.
- April 14, 2021 05:42 PM IST
In this episode of Future Wise, Moneycontrol's M Saraswathy talks to Aditya Narayan Mishra, CEO, CIEL HR Services to find out the impact of the COVID-19 case surge on jobs.
- April 14, 2021 08:02 AM IST
In a virtual meeting with World Bank Group President David Malpass, Sitharaman appreciated the initiatives of the international financial institution to increase the lending space for India to enhance availability of finance for development.
- April 12, 2021 10:36 PM IST
S&P said the balance sheet weakness in smaller businesses is likely to contribute to incremental non-performing loans (NPLs) for Indian banks.
- April 12, 2021 05:40 PM IST
India racked up the world’s highest daily tally of coronavirus infections with 168,912 new cases on Monday, overtaking Brazil as the second-most affected country by the pandemic and causing a plunge in Indian stocks and the rupee.
- April 12, 2021 08:12 AM IST
Thackeray is also scheduled to meet with officials of the COVID-19 task force at 8.30 pm on April 12.
- April 08, 2021 08:27 AM IST
Paolo Mauro, Deputy Director, IMF's Fiscal Affairs Department told reporters at a news conference here on Wednesday, "In the case of India, the debt ratio at the end of 2019, prior to the pandemic, was 74 per cent of Gross Domestic Product (GDP), and at the end of 2020, it is almost 90 per cent of GDP.
- April 07, 2021 12:40 PM IST
The global economy is beginning to emerge from the economic shock caused by the COVID 19 pandemic, Tobias Adrian, Director of the IMF’s Monetary and Capital Markets Department, told reporters at a news conference on Tuesday.
- April 07, 2021 12:17 PM IST
RBI Governor Shaktikanta Das quoted Mahatma Gandhi and called on people to resiliently face the COVID-19 pandemic.
- April 07, 2021 12:04 PM IST
For one, it’s not a national lockdown. Many companies are ready to face the lockdown in Maharashtra this time with a strong transportation system and buffer stocks. In fact, there are even companies looking at expansion now.
- April 05, 2021 06:29 PM IST
No business can survive if they continue to bleed for 12 months and this is what multiplexes and single screens are going through now, say market experts.
- April 05, 2021 12:33 PM IST
In a Reuters poll, 65 of 66 economists surveyed said the RBI's monetary policy committee (MPC) will leave rates unchanged.
- April 01, 2021 08:06 PM IST
First-time claims spiked 61,000 to 719,000 in the week ended March 27, from 658,000 a week earlier, the Labor Department reported on Thursday.
- April 01, 2021 06:56 PM IST
In line with higher-than-budgeted deficit ratios, the state's debt-to-GSDP ratio has jumped to 20.2 percent in 2020-21, up from 16 percent in 2019-20, and the 2020-21 Budget Estimate of 16.2 percent, India Ratings said in the report quoting revised budget estimates for FY21.
- March 30, 2021 04:12 PM IST
Against this backdrop, governments and businesses alike are bringing production back home where it may be more expensive but at least is more secure.
- March 28, 2021 02:38 PM IST
The RBI is slated to announce its first bi-monthly monetary policy of the 2021-22 fiscal on April 7, 2021 after a three-day meeting of the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das. On February 5, after the last MPC meet, the central bank had kept the key interest rate (repo) unchanged citing inflationary concerns.
- March 26, 2021 07:19 AM IST
Coronavirus News Highlights: The cumulative number of COVID-19 vaccine doses administered in India has crossed 5.55 crore, according to the Union Health Ministry.
- March 25, 2021 07:24 AM IST
Coronavirus News Highlights: The cumulative number of COVID-19 vaccine doses administered in India has crossed 5.08 crore, according to the Union Health Ministry.
- March 24, 2021 08:06 PM IST
Addressing a virtual event organised by the UK India Business Council, Amitabh Kant further said India did suffer a massive impact due to COVID-19 across the economy and society.
- March 24, 2021 11:52 AM IST
The government had imposed a lockdown to curb the spread of the pandemic but this impacted economic and commercial activities and resulted in job loss and later on the exodus of migrant workers which rocked the entire nation.
- March 22, 2021 08:41 PM IST
On November 27 last year, the top court had asked the Centre to ensure that all steps be taken to implement its decision to forego interest on eight specified categories of loans paid up to Rs 2 crore in view of the coronavirus pandemic.
- March 19, 2021 07:23 AM IST
Coronavirus News Highlights: The cumulative number of COVID-19 vaccine doses administered in India has crossed 3.71 crore, according to the Union Health Ministry.
