Tag: Indian economy
17 Results
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‘Govt should call on people with proven expertise, capabilities’: Raghuram Rajan on Coronavirus
He also cautioned that driving everything from the Prime Minister's Office, with the same overworked people, may not be of much help.
April 6, 2020 -
‘Revival of economic activity is essential as millions have lost wages, jobs’: Congress leader Anand Sharma
In a series of tweets former union minister said, 'extraordinary situations call for extraordinary response,' and bold measures and sector-specific stimulus alone can save the economic collapse.
April 5, 2020 -
RBI slashes repo rate by 75 bps to 4.4% to combat COVID-19 impact, says Indian banks ‘safe’
In a major announcement, the RBI has said that all banks, lending institutions may allow a three-month moratorium on all loans.
March 27, 2020 -
Sensex, Nifty extend losses as trading resumes after 45-minute halt amid Coronavirus lockdown
The Indian rupee slipped further by 95 paise to 76.15 against the US dollar in opening trade on Monday amid sharp rise in Coronavirus cases in the country and heavy selling in domestic equities.
March 23, 2020 -
‘Growth momentum in India would be affected’: RBI Governor on COVID-19 impact on economy
RBI governor told that sectors such as tourism, airlines, hospitality, and domestic trade and transport are suffering the loss of activity.
March 16, 2020 -
‘No YES Bank,’ Congress hits out at Centre, accuses BJP of destroying economy
On Thursday, the Reserve Bank of India superseded the board of troubled private sector lender YES Bank and imposed a 30-day moratorium on it 'in the absence of a credible revival plan' amid a 'serious deterioration' in its financial health.
March 6, 2020 -
Sensex tanks over 1,450 points, Nifty below 11,000 amid Coronavirus fears, YES Bank crisis
The shares of private lender YES Bank fell to the lowest in a decade on Friday after the Reserve Bank of India (RBI) superseded its board the previous day.
March 6, 2020 -
RBI working on unconventional policies to combat coronavirus impact on economy: Reports
The federal bank’s statement came a day after the leading global bankers pledged to take appropriate action to support the economy.
March 4, 2020 -
Congress hits out at Centre over ‘ruined Indian economy’
'Q3 results are generally very strong...But this year's result has been the lowest in the last seven years,' said Anand Sharma. Raising concerns over the deteriorating GDP trend, he stressed on the nominal GDP, which he claimed should be much higher than it is as of today.
February 29, 2020 -
India’s GDP growth dips to 7-year low of 4.7%; earlier growth rates revised
Interestingly, as per the data furnished by the National Statistical Office (NSO), the revised second quarter GDP growth rate stood at 5.1 per cent from the earlier 4.5 per cent.
February 28, 2020 -
India became 5th largest economy in 2019 overtaking UK, France: Report
India’s service sector is the fast-growing sector in the world accounting for 60 per cent of the economy and 28 per of employment, the report said.
February 18, 2020 -
Finance Ministry to assess COVID-19 virus outbreak impact on trade tomorrow
India is one of China's leading trade partners in Asia and has a huge trade deficit with that country.
February 17, 2020 -
‘People buying jackets, pants’: BJP MP’s bizarre logic behind ‘no recession’ in country
Mast, while addressing a programme in Ballia, claimed that world might be in the grip of recession but India will not be impacted by it as its rural and agricultural economy is very strong.
February 10, 2020 -
RBI keeps repo rate unchanged at 5.15% in last monetary policy for FY20 amid slowdown
Meanwhile, the apex bank has projected the GDP growth for FY21, starting April 1, at 6 per cent while retaining the estimate for the current financial year at 5 per cent.
February 6, 2020 -
Government’s GST collection crosses Rs 1 lakh crore mark in January
This is second time since the introduction of GST in July 2017 that the monthly revenues have crossed Rs 1.1 lakh crore.
February 1, 2020 -
Country could be passing through recession: Economist Abhijit Banerjee
Abhijit Banerjee, during an address at the Kolkata Literary Meet, also said the priority of the government should be on refinancing the banking sector, which is in 'doldrums'.
January 28, 2020 -
India’s growth slowdown temporary, momentum likely to improve soon: IMF chief
She said the world appears to be a better place in January 2020 as compared to what it expected when the IMF announced its World Economic Outlook in October last year.
January 24, 2020