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PSBs disburse Rs 3,893 cr loans to MSMEs under Emergency Credit Line Guarantee Scheme. (PTI Photo)

Public sector banks disburse Rs 3,893 cr loans to MSMEs

On May 21, cabinet approved additional funding of up to Rs 3 lakh crore at a concessional rate of 9.25% through ECLGS...

3 Jun 2020 1:03 PM IST

People queue outside a benefits payment center in Sydney. (AFP Photo)

Australia's economy shrinks in first quarter, headed for first...

The central bank stepped in by cutting the cash rate to a record low 0.25% and launching an unlimited bond buying...

3 Jun 2020 8:59 AM IST

Congress leader Rahul Gandhi. (PTI Photo)

Moody's rated Modi's handling of economy a step above junk, says Rahul...

He said lack of support to the poor and small and medium industry indicates that the worst is yet to come

2 Jun 2020 3:33 PM IST

Prime Minister Narendra Modi addresses the annual session of the Confederation of Indian Industry (CII) on its 125th anniversary via video link, in New Delhi, on June 2, 2020. (PTI Photo)

India will definitely get its growth back, path to that is...

Speaking at CII's Annual Session, he called on India Inc to rise to the occasion and partner rural India in these...

2 Jun 2020 2:09 PM IST

Moodys cuts Indias rating to lowest investment grade with negative outlook. (PTI/AFP Photo)

Moody's cuts India's rating to lowest investment grade with negative...

India's economy grew 3.1% in January-March, its slowest quarterly pace in at least eight years

2 Jun 2020 9:07 AM IST

Indias economy seen slowing rapidly even before coronavirus outbreak. (PTI Photo)

Even before Covid19, India's economy was slumping

The economy grew by 3.1% in Jan-Mar quarter of 2019-20, against 5.7% at the same time a year ago, the slowest growth in...

30 May 2020 11:17 AM IST

Commuters crowd Cadorna train station in Milan, Italy. (AP Photo)

Italy slips into great recession since World War II

Business confidence in the eurozone's third largest economy in May plummeted to its lowest level

30 May 2020 10:03 AM IST

Singapore cuts 2020 GDP outlook again as virus batters economy. (AFP Photo)

Singapore cuts GDP outlook again as virus batters economy

Singapore's economy shrank 0.7% year-on-year in the first quarter and 4.7% on a quarter-on-quarter

26 May 2020 9:00 AM IST

RBI Guv Shaktikanta Das address press after govts relief package. (PTI Photo)

RBI cuts repo rate, extends loan moratorium, projects negative GDP...

RBI Governor Shaktikanta Das extended the moratorium period by another three months from June 1 to August 31 due to...

22 May 2020 11:13 AM IST

World Bank says covid19 to push 60 million into poverty; 160 billion assistance to 100 countries . (AFP Photo)

World Bank estimates 60 million people may fall into extreme poverty...

The World Bank announced emergency operations worth USD 160 billion in 100 developing countries to fight the deadly...

20 May 2020 1:33 PM IST

Foreign investors have pulled out an estimated USD 26 billion from developing Asian economies and over USD 16 billion out of India. (AFP Photo)

Foreign investors pull out $26 billion from Asian economies, $16...

The small decline in orders in March is likely to give way to a collapse in investment across this quarter

20 May 2020 12:47 PM IST

Satish Marathe, a member of RBIs central board. (Photo- Social media)

Stimulus package fails to involve banks as frontline warriors, says...

He said the three-month moratorium offered for loan repayments announced by Reserve Bank of India is "not enough"

20 May 2020 12:41 PM IST