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RBI Guv Shaktikanta Das address press after govts relief package. (PTI Photo)

RBI cuts repo rate, extends loan moratorium, projects negative GDP...

RBI Governor Shaktikanta Das extended the moratorium period by another three months from June 1 to August 31 due to...

22 May 2020 10:23 AM IST

World Bank says covid19 to push 60 million into poverty; 160 billion assistance to 100 countries . (AFP Photo)

World Bank estimates 60 million people may fall into extreme poverty...

The World Bank announced emergency operations worth USD 160 billion in 100 developing countries to fight the deadly...

20 May 2020 1:28 PM IST

Satish Marathe, a member of RBIs central board. (Photo- Social media)

Stimulus package fails to involve banks as frontline warriors, says...

He said the three-month moratorium offered for loan repayments announced by Reserve Bank of India is -"not enough-"

20 May 2020 12:29 PM IST

Japan slips into recession, worst yet to come as pandemic wreaks havoc. (AFP Photo)

Japan slips into recession, worst yet to come as pandemic wreaks havoc

The world's third-largest economy shrank for second consecutive quarter in three months to March, intensifying challenge...

18 May 2020 8:35 AM IST

Migrant workers from other states trying to return to their homes arrives for transportation to a train station in Ahmedabad. (AP)

135 million Indians may lose job due to coronavirus impact

The worst impact will be felt by India's most vulnerable in terms of job loss, poverty increase and reduced per-capita...

17 May 2020 4:25 PM IST

Centre increased borrowing limit for states from three to five per cent for 2020-21 only, Union Finance Minister Nirmala Sitharaman announced on Sunday. (ANI Photo)

Borrowing limit of states increased to tackle economic fallout of...

The decision comes after requests posed by various state governments

17 May 2020 1:25 PM IST

Union Finance Minister Nirmala Sitharaman. (PTI Photo)

FM Nirmala's fifth tranche covers MNREGA to health, education and more

Top-100 universities will be permitted to automatically start online courses by May 30, 2020

17 May 2020 12:20 PM IST

Union Finance Minister Nirmala Sitharama. (PTI Photo)

Sitharaman to announce fifth and final tranche of economic package at...

Finance Minister on Saturday said the government will introduce competition, transparency and private sector...

17 May 2020 9:36 AM IST

Finance Minister Nirmala Sitharaman at her fourth straight press conference on Saturday. (PTI)

Nirmala Sitharaman's fourth tranche focuses on mineral mining, defence...

States are being ranked on investment attractiveness to compete for new investments, she said.

16 May 2020 5:05 PM IST

Finance Minister Nirmala Sitharaman. (PTI Photo)

FM Nirmala Sitharaman's third tranche covers agriculture and allied...

Sitharaman announced a Rs 10,000 crore scheme for formalisation of micro food enterprises

15 May 2020 4:58 PM IST

Coronavirus could inflict up to $8.8 trillion losses in global economy, says ADB. (PTI Photo)

Coronavirus could inflict up to $8.8 trillion losses in global...

The impact on south Asian gross domestic product (GDP) will be to the tune of $142-218 billion

15 May 2020 12:42 PM IST

Stimulus or sleight of hand? Rs 6L crore is the packaging, Rs 24k crore is the cake

Stimulus or sleight of hand? Rs 6L crore is the packaging, Rs 24k...

The other measures on equity infusion into MSMEs would need to be watched for uptake, given the poor execution of such...

15 May 2020 9:56 AM IST