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SBI chairman Rajnish Kumar assured shareholders that the likely job cuts and salary reductions in the wake of COVID-19 pandemic. (PTI Photo)

Job cuts, salary reductions to have 'relatively low level' of stress...

As of now, only 21.8 per cent of the customers have availed the benefit of moratorium

22 Jun 2020 9:18 AM IST

Fitch cut its outlook for India to negative from stable on Thursday. (PTI/AFP Photo)

Fitch cuts India's outlook to 'negative'

Fitch expected economic activity to contract by 5 percent in the fiscal year ending March 2021 due to the strict...

18 Jun 2020 10:27 AM IST

Asian Development Bank (ADB) on Thursday slashed its growth forecast for developing Asia. (AFP Photo)

ADB slashes 2020 growth forecast for developing Asia to 0.1% from 2.2%

The ADB kept its economic growth forecast for developing Asia for next year at 6.2%

18 Jun 2020 9:29 AM IST

Finance Minister Nirmala Sitharaman. (PTI Photo)

FM gives relief to small taxpayers, halves interest on delayed filing...

No late fee will be levied for delayed filing of GST returns by registered entities with nil liability, said Sitharaman

12 Jun 2020 5:05 PM IST

Reserve Bank of India (RBI) sets out proposals for tighter governance at banks. (PTI Photo)

RBI proposes stricter governance rules for commercial banks

RBI said the objective of tougher guidelines was to align the current regulatory framework with global best practices

12 Jun 2020 9:13 AM IST

Prime Minister Narendra Modi. (PTI Photo)

Turn crisis into opportunity, says PM Modi; reiterates self-reliance

PM Modi said that the government has reformed many sectors, it is now time for indsutry and youth to take benefit of...

11 Jun 2020 12:34 PM IST

Secretary General of the Organisation for Economic Co-operation and Development (OECD), Jose Angel Gurria. Global economy to contract at least 6% in 2020, says OECD. (AP Photo)

OECD sees global economy contracting at least 6% in 2020

By the end of 2021, the loss of income exceeds that of any previous recession over last 100 years outside wartime, says...

10 Jun 2020 2:35 PM IST

Global economy to plunge into worst recession since WW-II, says World Bank. (AFP Photo)

World Bank says global economy to shrink 5.2%, worst recession since...

Per capita incomes are expected to decline by 3.6 per cent, which will tip millions of people into extreme poverty this...

9 Jun 2020 11:06 AM IST

US economy entered recession in February. (AP Photo)

US economy entered recession in February

US gross domestic product fell at a 4.8% annualized rate in the first three months of the year

9 Jun 2020 8:48 AM IST

Japan still in recession, but economy shrank at lower rate. (AFP Photo)

Japan's economy shrinks less than initial estimate but still in...

Export-dependent Japan's economy had contracted at an annual rate of 7.2% in the October-December period

8 Jun 2020 9:32 AM IST

Finance ministry asked all ministries and departments not to initiate any new scheme in the current financial year. (PTI Photo)

No new government schemes for a year, Centre cuts back amid COVID-19...

Schemes that are already approved for the currrent financial year will remain suspended till March 31 next year or...

5 Jun 2020 4:25 PM IST

Industrialist Rajiv Bajaj. (PTI Photo)

Lockdown flattened GDP curve, not COVID-19: Rajiv Bajaj

Airing concerns of the industry, Bajaj said India now needs to generate demand for which a stimulus is required for...

5 Jun 2020 9:52 AM IST