Home » Business » Economy

Economy - Page 23

Finance Minister Nirmala Sitharaman. (PTI Photo)

In first tranche of stimulus, MSMEs to get collateral-free loans to...

Employees' Provident Fund contributions will be paid by government for next three months

14 May 2020 9:44 AM IST

Union Finance Minister Nirmala Sitharaman. (PTI Photo)

Rs 3 lakh crore collateral-free automatic loan for businesses, MSMEs:...

To provide stressed MSMEs with equity support, the government will facilitate the provision of Rs. 20,000 crore as...

13 May 2020 5:33 PM IST

The New Development Bank of the BRICS countries has fully disbursed USD one billion emergency assistance loan to India. (PTI Photo)

BRICS' new development bank provides $1 billion loan to India to fight...

The 'Emergency Assistance Program Loan' to India was approved by the NDB Board of Directors on 30 April

13 May 2020 1:30 PM IST

The U.S. unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record. The figures are stark evidence of the damage the coronavirus has done to a now-shattered economy. (AP)

US unemployment surges to a Depression-era level

US Labor Department says that 20.5 million jobs vanished in April in the worst monthly loss on record triggered by...

9 May 2020 11:08 AM IST

Indias services activity collapses as coronavirus palayses global economy. (PTI Photo)

Coronavirus lockdown causes historic spike in layoffs in India

The steep downturn in activity underlined the widespread havoc wrought by the pandemic worldwide

6 May 2020 1:32 PM IST

RBI may extend bank loan moratorium by another 3 months to help people, industry impacted by lockdown. (PTI Photo)

RBI may extend bank loan moratorium by another 3 months amid lockdown

RBI allowed banks and financial institutions to offer a moratorium of three months on payment of instalments of all term...

5 May 2020 2:18 PM IST

Representative Image. (PTI Photo)

Indian bank bad debt could double in coronavirus crisis

A fresh surge in bad debt could hit credit growth and delay India's recovery from the coronavirus pandemic

4 May 2020 10:35 AM IST

Reserve Bank of India Governor Shaktikanta Das. (PTI Photo)

RBI reviews measures to ease financial stress

The governor appreciated the efforts of banks in ensuring normal to near normal operations during the lockdown period

3 May 2020 9:16 AM IST

Representative Image (PTI)

RBI likely to cut interest rates by 100 bps in FY21: Fitch Solutions

Fitch Solutions said consumer price inflation returning back to the RBI's 2-4 per cent target range will permit further...

31 March 2020 5:30 PM IST

People wait outside a Bank of China branch in Beijing. (Photo- AFP)

China slashes rate, adds $7 bn to banking system to counter virus

People's Bank of China said it launched a 50-billion-yuan reverse repurchase operation and lowered seven-day reverse...

30 March 2020 12:29 PM IST

Asian development bank. (Photo- PTI)

Asian development bank to invest $100 mn in Indian infrastructure...

The investment announcement comes at a critical time for India, as economic growth is feared to be taking a heavy hit...

30 March 2020 12:24 PM IST

Monetary Authority of Singapore (Photo- AFP)

Singapore central bank eases monetary policy amid covid19 pandemic

Monetary Authority of Singapore was supposed to issue its next policy statement in April but brought it forward due to...

30 March 2020 10:04 AM IST