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Doctors work at a temporary field hospital set in Ifema convention and exhibition in Madrid, Spain. AP photo

Coronavirus pandemic has brought world economy to a standstill: IMF

It is way worse than the global financial crisis and it is a crisis that requires all of us to come together

3 April 2020 11:44 PM IST

Representative Image. (PTI)

Fitch slashes India growth forecast to 30-year low of 2% for FY21

On March 20, Fitch had projected India's GDP growth for 2020-21 at 5.1 per cent, lower than 5.6 per cent estimated in...

3 April 2020 4:39 PM IST

ADB expects Indias economic growth to slow down to 4%. (Photo- PTI)

ADB expects India's economic growth to slow down to 4 pc in FY21

After a disappointing 2019, growth in the region (Asia and Pacific) is expected to slow sharply to 2.2 per cent in 2020

3 April 2020 10:53 AM IST

The World Bank. (Photo- AFP)

Covid19: World Bank approves $1 billion emergency fund for India

The World Bank's first set of aid projects, amounting to USD 1.9 billion, will assist 25 countries

3 April 2020 9:34 AM IST

Moodys Investors Service. (Photo- PTI)

Moody's downgrades outlook for Indian banks due to coronavirus

Moody's said a sharp decline in economic activity and a rise in unemployment will lead to deterioration of household and...

2 April 2020 10:26 AM IST

Nirmala Sitharamans budget projections for income tax collections have gone for a toss.

Direct taxes down by nearly Rs 1 lakh crore

Tax collections fall short of annual target by nearly Rs 4 lakh crore

1 April 2020 9:03 PM IST

The Reserve Bank of India. (Photo- PTI)

RBI announces more measures to deal with covid19 pandemic

It also increased ways and means advances limit by 30 per cent from existing limit for all states and union territories

1 April 2020 12:53 PM IST

Finance Minister Nirmala Sitharaman. (Photo- PTI)

Sitharaman urges IMF to develop innovative methods to fund covid19...

Sitharaman also shared with her G20 counterparts the efforts being made by Government of India to deal with COVID-19...

1 April 2020 10:02 AM IST

Government extends validity of lower withholding tax orders. (Photo- PTI)

Govt extends validity of lower withholding tax orders by 3 months till...

Order also prescribes a 10 per cent withholding tax rate on payments to Non-Residents having Permanent Establishment in...

31 March 2020 5:03 PM IST

Representative Image (PTI)

RBI likely to cut interest rates by 100 bps in FY21: Fitch Solutions

Fitch Solutions said consumer price inflation returning back to the RBI's 2-4 per cent target range will permit further...

31 March 2020 4:21 PM IST

Asian development bank. (Photo- PTI)

Asian development bank to invest $100 mn in Indian infrastructure...

The investment announcement comes at a critical time for India, as economic growth is feared to be taking a heavy hit...

30 March 2020 12:15 PM IST

People wait outside a Bank of China branch in Beijing. (Photo- AFP)

China slashes rate, adds $7 bn to banking system to counter virus

People's Bank of China said it launched a 50-billion-yuan reverse repurchase operation and lowered seven-day reverse...

30 March 2020 11:28 AM IST