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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 in countries like India, a ......

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 ......

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 from ......

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 left key interest rates unchanged on Friday as widely expected, while retaining an accommodative monetary ......

South Asia faces worst-ever recession, India GDP to shrink 9.5%: World Bank

Economy

08 October, 2020

South Asia faces worst-ever recession, India GDP to shrink 9.5%: World Bank

Millions of people in South Asia are being pushed into extreme poverty as the region where a quarter of humanity ......

Govt appoints three members on RBI's monetary policy panel

Economy

06 October, 2020

Govt appoints three members on RBI's monetary policy panel

The Indian government named Shashanka Bhide, Ashima Goyal and Jayanth Varma as its nominees on the central bank’s monetary policy ......

RBI likely to keep rates on hold, defers monetary policy meeting

Economy

28 September, 2020

RBI likely to keep rates on hold, defers monetary policy meeting

The Reserve Bank of India is expected to keep key rates unchanged at its upcoming monetary policy review, but may ......

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Normalcy in 9-12 months if helicopter cash rains: Kotak's Gupta

Finance

25 September, 2020

Normalcy in 9-12 months if helicopter cash rains: Kotak's Gupta

The Indian economy will recover in nine to 12 months and the most important factor for revival will be raining ......