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Economy

RBI explores investment options for forex reserves

Economy

03 November, 2020

RBI explores investment options for forex reserves

The Reserve Bank of India is looking at diversifying its foreign exchange reserve investments amid the fall in global interest...

India's October jobless rate rises to 6.98%: CMIE

Economy

02 November, 2020

India's October jobless rate rises to 6.98%: CMIE

India’s unemployment rate in October rose to 6.98% from 6.67% in September, according to data released by the Centre for...

Indian economy set for a near double-digit contraction this FY: Poll

Economy

22 October, 2020

Indian economy set for a near double-digit contraction this FY: Poll

The Indian economy will suffer its deepest contraction on record this fiscal year and recent government stimulus does not go ......

IMF cuts Asia's growth forecast on sharper India contraction

Economy

21 October, 2020

IMF cuts Asia's growth forecast on sharper India contraction

The International Monetary Fund slashed this year's economic forecast for Asia, reflecting a sharper-than-expected contraction...

Govt asks state-run firms to consider buybacks in move to bridge fiscal gap

Economy

19 October, 2020

Govt asks state-run firms to consider buybacks in move to bridge fiscal gap

India has asked at least eight state-run companies to consider share buybacks in the fiscal year that runs through March ......

GST shortfall: Central govt to borrow $15 bn to give to states

Economy

16 October, 2020

GST shortfall: Central govt to borrow $15 bn to give to states

India's federal government said it plans to borrow 1.1 trillion rupees in tranches to compensate states for tax losses due...

IMF sees trouble in emerging markets but less severe global contraction

Economy

14 October, 2020

IMF sees trouble in emerging markets but less severe global contraction

Forecasts for the global economy are "somewhat less dire" as rich nations and China have rebounded quicker than expected...

Centre, some states in stalemate on borrowing to boost pandemic-hit economy

Economy

13 October, 2020

Centre, some states in stalemate on borrowing to boost pandemic-hit economy

Spending to help India's pandemic-hit economy is likely to face delays after the federal government and some states on Monday...

Govt unveils economic stimulus to boost demand by $10 bn

Economy

12 October, 2020

Govt unveils economic stimulus to boost demand by $10 bn

India on Monday announced steps to stimulate consumer demand, including advance payment of a part of the wages of federal ......

RBI expects GDP to contract 9.5% in FY21, holds rates steady

Economy

09 October, 2020

RBI expects GDP to contract 9.5% in FY21, holds rates steady

The Reserve Bank of India (RBI) left key interest rates unchanged on Friday as widely expected, while retaining an accommodative...

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