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Govt unveils $80 bn in credit lines, liquidity schemes for MSMEs, NBFCs, discoms

Economy

13 May, 2020

Govt unveils $80 bn in credit lines, liquidity schemes for MSMEs, NBFCs, discoms

The Narendra Modi government on Wednesday kicked off the first round of announcements of what it promises will be a ......

Sensex, Nifty enjoy stimulus boost; details eyed

Markets

13 May, 2020

Sensex, Nifty enjoy stimulus boost; details eyed

A surge in banking stocks helped Indian shares settle higher on Wednesday after the government unveiled Rs 20 trillion ($266 ......

PM Modi announces $266 bn package for virus-hit economy

General

12 May, 2020

PM Modi announces $266 bn package for virus-hit economy

Prime Minister Narendra Modi said on Tuesday that India would provide 20 trillion rupees ($266 billion) in fiscal and monetary ......

Manufacturing output contracts 20.6% in March; April inflation data on hold

Manufacturing

12 May, 2020

Manufacturing output contracts 20.6% in March; April inflation data on hold

India’s manufacturing output contracted by more than a fifth in March from a year earlier, fanning hopes that the central ......

Global coronavirus infections cross 4.2 mn, death toll moves past 285,000

General

12 May, 2020

Global coronavirus infections cross 4.2 mn, death toll moves past 285,000

More than 4.2 million people have been reported to be infected by the novel coronavirus globally and 285,339 have died, ......

Indian bond yields surge as government borrowing balloons

Markets

11 May, 2020

Indian bond yields surge as government borrowing balloons

India's benchmark 10-year bond yield surged on Monday following the government's decision to sharply increase market borrowing amid a major ......

Budget math changes as govt increases FY21 borrowing by 54%

Economy

08 May, 2020

Budget math changes as govt increases FY21 borrowing by 54%

The Indian government plans to borrow 12 trillion rupees ($160 billion) in the fiscal year to March 2021, up from ......

India may see 0% GDP growth this fiscal year: Moody's

Economy

08 May, 2020

India may see 0% GDP growth this fiscal year: Moody's

The impact of the coronavirus outbreak will exacerbate the material slowdown in India’s economic growth, with the country expected to ......

Premium
How banks' credit growth slumped across sectors in the wake of coronavirus

Finance

06 May, 2020

How banks' credit growth slumped across sectors in the wake of coronavirus

In the last week of April, one month into the national lockdown, commercial banks parked more than Rs 7 trillion ......

India's services activity collapses as coronavirus cripples global demand

Economy

06 May, 2020

India's services activity collapses as coronavirus cripples global demand

India’s services activity suffered a shock collapse in April as the coronavirus lockdown crippled global demand, causing a historic spike ......