May 04, 2020 06:40 PM IST
After keeping the country under a 40-day lockdown to arrest the spread of coronavirus, the government extended the lockdown till May 17 with a slew of relaxations to the unaffected areas in order to kick-start economic activity.
- May 04, 2020 10:40 AM IST
The first quarter GDP results from major economies indicate the seriousness of the economic recession—and the massive relief packages could be useful only if a joint health solution is achieved soon
- Apr 30, 2020 10:32 AM IST
Green zone districts account for a mere 5.9 percent of outstanding bank credit in the country
- Apr 29, 2020 11:00 AM IST
On Wednesday, the government will offer a glimpse of how dark the picture has grown and how much worse it could get as the coronavirus pandemic inflicts ruinous damage. The Commerce Department is expected to estimate that the gross domestic product, the broadest gauge of the economy, shrank at an annual rate of 5% or more in the January-March quarter.
- Apr 29, 2020 09:52 AM IST
For the urban poor, it’s not a choice between lives and livelihoods---both are equally at risk.
- Apr 28, 2020 08:47 PM IST
Moody's said the economic costs of coronavirus crisis amid the near shutdown of the global economy are accumulating rapidly.
- Apr 27, 2020 09:28 PM IST
The nation has been put under a 40-day lockdown in two phases till May 3 to check the spread of infections. Economists were quick to flag concerns on such a move that chills all activity, and some also expect a contraction in the economy in FY2021.
- Apr 27, 2020 01:23 PM IST
In a note on Monday, Ind-Ra revised its economic growth estimate for the country from its forecast of 3.6 percent published on March 30, 2020 to to 1.9 percent.
- Apr 23, 2020 04:20 PM IST
In case of a more prolonged outbreak, where the restrictions in existing hot-spot regions get extended, while new regions are identified as ‘hot-spots' leading to intermittent stop and start in economic activity, GDP is likely to decline by -0.9 percent.
- Apr 20, 2020 11:42 AM IST
For India, it said the real GDP growth rate for 2020-21 (April 2020 to March 2021) has been revised down to 1.8 per cent from 4.6 per cent, previously.
- Apr 18, 2020 04:45 PM IST
Moily's attack on the government came a day after RBI Governor Shaktikanta Das announced a string of relief measures for the stressed banking and financial sector.
- Apr 17, 2020 09:10 PM IST
The agency assumes the recovery from the pandemic to be "flattish U-shape with activity returning to pre-outbreak levels, if at all, in 2023.
- Apr 17, 2020 03:33 PM IST
While the need for a large fiscal stimulus is paramount, its prospects should be examined taking into consideration the scope for financing a large fiscal deficit.
- Apr 17, 2020 08:22 AM IST
The world's second-largest economy shrank 6.8% from a year ago in the three months ending in March after factories, shops and travel were closed to contain the infection, official data showed Friday.
- Apr 17, 2020 07:47 AM IST
The historic slump in the world's second-largest economy comes after efforts to contain the coronavirus, which first emerged in China late last year, shut down factories, transport and shopping malls.
- Apr 16, 2020 10:15 AM IST
IMF says India’s fiscal stance should be eased
- Apr 16, 2020 10:11 AM IST
The IMF projects no change in fiscal deficit in India in 2020-21
- Apr 15, 2020 05:55 PM IST
The former RBI Governor said the government has gone by medical advice to impose a lockdown and by the same advice they expanded the lockdown also which is essential to combat the coronavirus spread.
- Apr 15, 2020 01:00 PM IST
While those restrictions are gradually being lifted, similar lockdowns now in effect in other major economies hit by the pandemic have significantly darkened the outlook for global demand.
- Apr 15, 2020 10:34 AM IST
But this year, the world must brace for the biggest recession since the Great Depression
- Apr 14, 2020 04:20 PM IST
Growth in the world's second-biggest economy for 2020 was forecast at 2.5 percent, according to the median of 62 analysts surveyed by Reuters, which would mark the weakest clip since 1976, the final year of the decade-long Cultural Revolution that wrecked the economy.
- Apr 14, 2020 12:58 PM IST
On Tuesday, Prime Minister Narendra Modi said in a televised statement that the nationwide lockdown will be extended till 3 May.
- Apr 14, 2020 10:51 AM IST
Governments across the world are throwing deficit concerns out of the window to fight the pandemic
- Apr 13, 2020 07:10 PM IST
The economy will grow at 3.2 percent in the January-March period and contract by 6.1 percent (June quarter) and 0.5 percent September quarter, before rising by 1.4 percent in the last quarter of the calendar year, it said.
- Apr 13, 2020 03:10 PM IST
The Opposition party demanded that the Centre cleared all pending dues to the states to enable them to fight with the novel coronavirus pandemic, besides also giving each of them special economic packages.