Economy
Lockdown impact: GDP likely to contract by 9.6 per cent this year, says World Bank
However, the World Bank said that the response of the government of India to the COVID-19 outbreak was swift and comprehensive.
India's domestic air passenger traffic improves in September
The Civil Aviation ministry had permitted domestic flights to resume their operations from May 25 with one-third capacity
Centre allows Andhra Pradesh and Uttar Pradesh to borrow Rs 7,106 crore
Centre had allowed states an additional borrowing limit of up to two per cent of Gross State Domestic Product for 2020-21
India third largest job provider in renewable energy sector after China, Brazil
Solar photovoltaic segment provides the largest number of both direct and indirect jobs in India
Relief for MSMEs: Centre waives off compound interest on loans during pandemic
Any individual/entity whose loan amount is more than Rs 2 crore will not be eligible for waiver of the compounding of interest.
Engineering exports once gain down in August after growth in July
Subdued industrial activity is still pulling down shipment of value-added products
Chinese FDI has been coming down in 3 years
The total FDI inflow from Chinese companies in India stood at $350 million in 2017-18.
Home prices across India fall 2.3 per cent in six months
As on Q2 2020, prices declined by 1.9 per cent for the 12-month period
RBI governor Shaktikant Das: Indian economy will recovery gradually
Indian economy contracted 23.9 per cent in the first quarter of the current financial year
NBFCs witness 15-20 per cent improvement in retail lending in last 2 months
Most of the NBFCs are waiting for trends in collections in September given the end of the moratorium and the Kamath committee recommendation