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Fitch Solutions cuts India's economic growth forecast to 1.8% for FY21

Fitch Solutions also anticipated a deeper contraction in fixed investments as businesses choose to cut back on capital expenditure

20 Apr 2020 12:32 PM

I-T revises return forms to enable taxpayers avail benefits of timeline extension

The new income tax returns forms will be notified by the month-end and return filing utility would be available by May 31

19 Apr 2020 6:53 PM

Finance ministry rubbishes reports of 20% cut in pensions to central government employees

The ministry clarified its position after reports that the government is planning to cut pensions

19 Apr 2020 2:27 PM

Governments across globe under pressure to control covid19 economic damage

Governments face pressure to reopen factories, shops, travel and public activities

19 Apr 2020 12:42 PM

Bank dividend payments suspended

To maintain financial health, banks have been exempt to make any further dividend payout

17 Apr 2020 12:47 PM

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RBI cuts reverse repo rate by 25 bps, repo unchanged

Surplus liquidity in the banking system has increased substantially as result of central bank's actions: Shaktikanta Das

17 Apr 2020 11:51 AM

Asia’s economy to suffer zero growth in 2020: IMF

Asia is set to fare better than other regions but the projection is worse than 4.7% average growth rates throughout global financial crisis

16 Apr 2020 12:37 PM

Wholesale price inflation falls to 1% in March

Food inflation in March fell to 4.91 per cent from 7.79 per cent in the previous month

15 Apr 2020 1:21 PM

IMF approves immediate debt relief for 25 poor countries

The fund together with the World Bank have called for rich nations to stop collecting debt payments from poor countries

14 Apr 2020 4:13 PM

India Inc seeks stimulus package after lockdown extension

Late last month, the government announced a Rs 1.7 lakh crore package aimed at providing relief to those hit hard by the lockdown

14 Apr 2020 2:09 PM

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Retail inflation growth drops to a four-month low in March

Annual retail inflation eased to 5.91% in March, down from 6.58% the previous month

14 Apr 2020 9:08 AM

Covid19 lockdown may cost Rs 7-8 lakh cr to Indian economy

The rapid spread of COVID-19 has not only disrupted the global economy but also triggered a partial shutdown in many parts of India

13 Apr 2020 6:16 PM

Asian Development Bank triples covid19 response package to $20 billion

Asian Development Bank sees India's economic growth slipping to 4% in FY21

13 Apr 2020 5:11 PM

India's near-term growth outlook has deteriorated sharply: RBI Governor Das

Reserve Bank will remain vigilant and will not hesitate to use any instrument to mitigate the impact of Covid-19

13 Apr 2020 2:04 PM

IMF to consider $1.4 billion loan to Pak to tackle covid19 economic fallout

Pakistan in March had requested the IMF for a low-cost, fast-disbursing loan under the fund's Rapid Financing Instrument

13 Apr 2020 1:32 PM

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IRDAI gives nod to PNB for stake in two life insurance ventures

PNB is a promoter of PNB Metlife Insurance with the highest stake of 30 per cent since 2012

12 Apr 2020 3:53 PM

Gold ETFs witness inflows in 2019-20 amid virus volatility

The latest inflow comes amid a sell-off in broader markets and sharp plunge in international crude oil prices

12 Apr 2020 11:55 AM

World Bank estimates worst economic slump in South Asia

The dire economic effects are already much in evidence, with widespread lockdowns freezing most normal activity

12 Apr 2020 9:57 AM

Petrol pump operators seek financial support as sales drop

Petrol and diesel sales have slumped over 66 per cent in April as the nationwide lockdown halted economic activity and travel

10 Apr 2020 6:25 PM

G20 meeting of Finance Ministers and Central Bank Governors on Apr 15

The virtual meeting of the finance ministers and central bank governors comes within a fortnight of their last meeting on March 31

10 Apr 2020 3:05 PM

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