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Finance ministry has asked all ministries and departments not to initiate any new scheme in the current financial yea. (PTI Photo)

No new government schemes for a year, Centre cuts back amid COVID-19...

Schemes that are already approved for the currrent financial year will remain suspended till March 31 next year or...

5 Jun 2020 4:20 PM IST

PSBs disburse Rs 3,893 cr loans to MSMEs under Emergency Credit Line Guarantee Scheme. (AP Photo)

Public sector banks disburse Rs 3,893 cr loans to MSMEs

On May 21, cabinet approved additional funding of up to Rs 3 lakh crore at a concessional rate of 9.25% through ECLGS...

3 Jun 2020 1:05 PM IST

People queue outside a benefits payment center in Sydney. (AFP Photo)

Australia's economy shrinks in first quarter, headed for first...

The central bank stepped in by cutting the cash rate to a record low 0.25% and launching an unlimited bond buying...

3 Jun 2020 8:55 AM IST

Congress leader Rahul Gandhi. (PTI Photo)

Moody's rated Modi's handling of economy a step above junk, says Rahul...

He said lack of support to the poor and small and medium industry indicates that the worst is yet to come

2 Jun 2020 3:23 PM IST

Prime Minister Narendra Modi addresses the annual session of the Confederation of Indian Industry (CII) on its 125th anniversary via video link, in New Delhi, on June 2, 2020. (PTI Photo)

India will get its growth back, path to that is Atma-nirbhar bharat:...

Speaking at CII's Annual Session, he called on India Inc to rise to the occasion and partner rural India in these...

2 Jun 2020 2:00 PM IST

Moodys cuts Indias rating to lowest investment grade with negative outlook. (PTI/AFP Photo)

Moody's cuts India's rating to lowest investment grade with negative...

India's economy grew 3.1% in January-March, its slowest quarterly pace in at least eight years

2 Jun 2020 9:03 AM IST

Coronavirus pandemic set to shrink Australian economy in Q1. (AFP Photo)

Coronavirus pandemic set to shrink Australian economy in Q1, worse yet...

If the economy contracts in both the March and June quarters it would be Australia's first technical recession since the...

1 Jun 2020 10:42 AM IST

Indias economy seen slowing rapidly even before coronavirus outbreak. (PTI Photo)

Even before Covid19, India's economy was slumping

The economy grew by 3.1% in Jan-Mar quarter of 2019-20, against 5.7% at the same time a year ago, the slowest growth in...

30 May 2020 11:10 AM IST

Commuters crowd Cadorna train station in Milan, Italy. (AP Photo)

Italy slips into great recession since World War II

Business confidence in the eurozone's third largest economy in May plummeted to its lowest level

30 May 2020 9:35 AM IST

Palaniswamis government has been taking a number of initiatives for economic revival. Representational image

Despite pandemic, Tamil Nadu attracts 17 investors worth Rs.15,128

The companies which signed the MoUs are from Germany, Finland, Taiwan, France, South Korea, Japan, China, USA,...

27 May 2020 5:19 PM IST

Singapore cuts 2020 GDP outlook again as virus batters economy. (AFP Photo)

Singapore cuts GDP outlook again as virus batters economy

Singapore's economy shrank 0.7% year-on-year in the first quarter and 4.7% on a quarter-on-quarter

26 May 2020 8:51 AM IST

Bad loans in banking sector may rise by Rs 5.5 lakh cr this fiscal, says India Ratings. (PTI Photo)

Bad loans in banking sector may rise by Rs 5.5 lakh cr this fiscal:...

The rating agency said most sectors are likely to experience varying degrees of revenue contraction due to demand and...

22 May 2020 1:08 PM IST