coronavirus impact
Pradhan speaks to US Energy Secretary on slump in fuel demand due to Covid-19
India's petrol sales have fallen 15.5 per cent in March, while diesel sale has slumped 24.2 per cent
Coronavirus Lockdown: 40,000 Indian seafarers stranded across globe
There are about 15,000 seafarers onboard about 500 cargo vessels across the globe, and another 25,000 on cruise ships
ONGC asks govt to cut cess, royalty, free gas price to help company survive
While the gas price is way below the cost of production, high tax incidence is resulting in cash losses even on crude oil output
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 December 2019
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
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 corporate finances
RBI announces more measures to deal with economic fallout of covid19
It also increased ways and means advances limit by 30 per cent from existing limit for all states and union territories
Trump Impeachment trial distracted govt from coronavirus: McConnell
McConnell said that the outbreak “came up while tied down on the impeachment trial, and it diverted the attention of the government
Coronavirus could push 11 million people into poverty: World Bank
Growth in the developing East Asia and Pacific, is projected to slow to 2.1 per cent in the baseline
177 mobile rythu bazaars come up
The mobile rythu bazars will move around 331 locations, including gated communities, apartments and colonies at designated timings