Indian economy
Services activity falls for sixth month in August as COVID restrictions hurt business
Hoping to avert more economic damage, government said it planned to reopen underground train networks and allow sports and religious events
Demonetisation led to GDP slump: Rahul Gandhi
Priyanka Gandhi Vadra also accused the government of being responsible for the slump in the economy
After five-month gap, manufacturing activity gains momentum in August
Although input prices rose at the sharpest pace in nearly two years, firms have cut prices of their goods for four months to boost demand
RBI rides to rescue, unveils steps to cool rising bond yields
The RBI has allowed an additional 2.5 per cent of deposits for banks as HTM for the second half of the current financial year
GDP to contract by 18.3% as economy set for weakest quarterly growth in eight years
Economists predict a contraction of 8.1% and 1.0% in the September and December quarters respectively
Realty sector expects 60% decline in residential sales volume in FY21
According to Icra, higher rated clients maintained considerable liquidity buffers, which is used to meet project costs and debt obligations
AA Edit | Economy in freefall, govt must act quickly
Economists like Raghuram Rajan and others have suggested the government to open its purse strings to support the demand
Extreme risk aversion can be self-defeating: RBI Governor warns banks
Rather than becoming averse to lending, banks have to improve their risk management and governance frameworks, Das said
Shobhaa De | In search of Idealistic India: It will rise again
Are we shortchanging this generation of intelligent, capable young people?
Rahul targets govt saying 2 crore jobs lost in last four months
The news report cited by Gandhi claimed that around 1.89 crore jobs were lost due to the coronavirus pandemic