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A worker carries a wooden plank topped with Papad for sun-drying at a manufacturing unit in Amritsar. (Photo- PTI)

India's small businesses struggle to pay wages amid coronavirus...

India's nationwide lockdown has left millions of migrant workers stranded without any other source of income

8 April 2020 12:36 PM IST

RBI relaxes overdraft facility norms for states, UTs. (Photo- PTI)

RBI relaxes overdraft facility norms as states face cash crunch

The central bank said it has permitted -"greater space-" to state governments/ Union Territories for availing overdraft...

7 April 2020 4:20 PM IST

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

IMF postpones approval of second review $6 billion bailout package for...

Pakistan approached the IMF in August 2018 for a bailout package after Prime Minister Imran Khan's government took over

7 April 2020 1:08 PM IST

A patient is wheeled into the emergency unit of the Verdun Hospital in Montreal on Monday, April 6, 2020. Prime Minister Justin Trudeau says hes confident Canada will still be able to import N95 protective masks form the U.S. despite an export ban and says he will talk to U.S. President Donald Trump in the coming days. (AP Photo)

Trump announces 3M deal to provide millions of facemasks

Overburdened US health facilities have warned protective equipment stockpiles are at critically low levels nd some may...

7 April 2020 9:51 AM IST

Prime Minister Narendra Modi asked Union ministers to prepare a plan for their respective ministries to contain the economic impact of covid-19. (Photo- PTI)

Prepare plan to fight covid19 economic impact on war footing: PM to...

Each ministry should identify 10 key decisions and 10 priority areas of focus once the 21-day lockdown ends

6 April 2020 6:22 PM IST

Bank employees wear masks as a precautionary measure following the coronavirus pandemic. (PTI)

Covid19 impact: Banks to witness spike in credit costs, non-performing...

Asia-Pacific governments, central banks, and supervisory authorities have rolled out diverse measures to address...

6 April 2020 12:23 PM IST

IndusInd Banks outlook to negative from stable. (Photo- ANI)

Ind-Ra revises IndusInd Bank's outlook to negative from stable

The agency has also affirmed the short-term issuer rating at A1-plus

6 April 2020 11:41 AM IST

UAE doubles stimulus to counter coronavirus impact. (PTI)

UAE doubles stimulus to $70bn to combat coronavirus impact

Most of the new measures focused on easing financial and liquidity requirements for banks to free up cash for lending

5 April 2020 5:01 PM IST

FPIs pull out record Rs 1.1 lakh cr in March . (Photo- PTI)

Covid19 mayhem: FPIs pull out record Rs 1.1 lakh cr in March

This is the highest withdrawal ever since the FPI data has been made available by the National Securities Depository Ltd

5 April 2020 2:51 PM IST

The International Monetary Fund. (Photo- AFP)

Covid19 outbreak: IMF likely to delay releasing of third tranche to...

Delay of the release of the third trance, will be likely due to the surfacing of new realities on the macroeconomic

5 April 2020 12:59 PM IST

Visitors to the Department of Labor are turned away at the door by personnel due to closures over coronavirus concerns in New York. Americans are seeking unemployment benefits at unprecedented levels due to the coronavirus, but many are finding more frustration than relief. (AP File photo)

Coronavirus batters US economy as 10 million file jobless claims

State websites and phone lines across the country have been overwhelmed with applicants causing sites to crash, phone...

5 April 2020 12:09 PM IST

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