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Indias economic outlook has worsened again as business activity slows and COVID-19 infections soar. (PTI Photo)

India-'s economic recovery at risk as COVID-19 surges, dull outlook...

In the quarter just gone by, the Indian economy is forecast to have shrunk 20.0%, the first double-digit contraction

30 July 2020 1:34 PM IST

HDFC Chairman Deepak Parekh requested the RBI for a one-time restructuring of loans. (PTI Photo)

Don-'t extend loan moratorium, able corporates not paying loans:...

Terming it the most critical step, Parekh also made a strong pitch for a one-time restructuring to avoid a surge in...

27 July 2020 4:04 PM IST

Infrastructure push can re-ignite economic growth, says RBI Governor Shaktikanta Das. (PTI Photo)

Need to conclude free trade agreements with US, others: RBI chief

Stating that recent agriculture reforms have opened new opportunities, the RBI Governor said the farm sector is emerging...

27 July 2020 1:12 PM IST

IMF chief Kristalina Georgieva. (AFP Photo)

Not out of the woods yet: IMF chief warns second virus wave may...

Activity has started to gradually strengthen, but we are not out of the woods yet, Georgieva said in a message to G20...

16 July 2020 10:37 AM IST

Former RBI governor Raghuram Rajan. (PTI Photo)

Raghuram Rajan warns against -'unprecedented-' rise in NPA levels in...

He said one positive factor for Indian economy is that the agriculture sector is doing well

15 July 2020 7:27 AM IST

Housing sales fell 67 per cent at 21,294 units across nine major cities during April-June due to outbreak of the coronavirus pandemic. (PTI Photo)

Housing sales down 67% in April-June 2020

Housing sales in Chennai and Hyderabad plunged 74 per cent at 996 units and 1,522 units, respectively

10 July 2020 12:21 PM IST

Prime Minister Narendra Modi. (PTI Photo)

India among most open economies, says PM Modi, calls for global...

Speaking at India Global Week 2020, he said green shoots of economic revival are already visible in India coming out of...

9 July 2020 4:00 PM IST

Indian government is reviewing around 50 investment proposals involving Chinese companies under a new screening policy. (AFP Photo)

India reviewing around 50 investment proposals from Chinese firms

The official said about 40-50 applications involving funding from Chinese investors filed since rule change and are...

7 July 2020 8:40 AM IST

Pakistan approached the IMF in August 2018 for a bailout package. (Photo- AFP)

Why IMF-'s latest projection on India-'s growth rate must not come as...

Coronavirus and the consequent lockdown have dealt a body blow to India-'s economic recovery

27 Jun 2020 3:10 PM IST

Reserve Bank of India (RBI) Governor Shaktikanta Das. (PTI Photo)

RBI central board discusses current economic situation, COVID-19...

RBI had taken a host of steps, including reduction in the key policy rate and measures to support the industry, to deal...

26 Jun 2020 4:21 PM IST

GDP to contract by 5.3 pc in FY21 due to Covid-19 woes, says Ind-Ra. (ANI Photo)

India-'s GDP to contract by 5.3% due to COVID-19 -'disorder-': India...

However, the agency believes the GDP growth will bounce back in the range of 5 to 6 per cent in FY22

25 Jun 2020 12:06 PM IST

SBI chairman Rajnish Kumar assured shareholders that the likely job cuts and salary reductions in the wake of COVID-19 pandemic. (PTI Photo)

Job cuts, salary reductions to have -'relatively low level-' of stress...

As of now, only 21.8 per cent of the customers have availed the benefit of moratorium

22 Jun 2020 9:12 AM IST