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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

31 Aug 2020 9:14 AM

Centre writes to states on options of borrowing money to meet GST revenue shortfall

Compensation payment has been an issue since August 2019 with GST collections faltering. I

29 Aug 2020 7:59 PM

Pandemic gives fillip to demand for cereals; 200 per cent increase in exports in July

Cereals have witnessed increased demand from African countries and the Gulf region during the lock-down.

29 Aug 2020 1:18 PM

Government debt-to GDP ratio to be at 80% by FY30: Report

The report also finds that the government support to real GDP growth in the 2020s decade would be lower than in the past few years

27 Aug 2020 12:52 PM

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

27 Aug 2020 12:25 PM

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Gujarat tops Export Preparedness Index 2020, Maharashtra comes second

Six coastal states -- Gujarat, Maharashtra, Tamil Nadu, Odisha, Karnataka and Kerala -- feature in the top ten rankings

26 Aug 2020 2:10 PM

Former RBI governor D Subbarao backs setting up of a bad bank to tackle rise in NPAs

Even the Economic Survey 2017 had proposed this idea, suggesting the creation of a bad bank called Public Sector Asset Rehabilitation Agency

26 Aug 2020 12:36 PM

Don't jump, Rs 2000 currency notes slowly being phased out

As per RBI's latest annual report, the big note was not printed at all during 2019-20

26 Aug 2020 9:24 AM

Rate cuts don't interest MPC any more. Let's worry about inflation now

Report by SBI research says we're at the end of the rate-cut cycle which began in Feb. 2019

22 Aug 2020 12:12 AM

Here's how India's engineering exports are in a steel trap

We export our iron ore, curb Chinese steel import. So costs are up and exports are uncompetitive

21 Aug 2020 12:25 AM

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GDP to contract 16.5% in Q1 as COVID cases continue to surge: SBI report

The degrowth in corporate gross value added has been significantly better than revenue degrowth in Q1 FY21

18 Aug 2020 10:18 AM

UK economy slips into recession with record 20.4% contraction, job loss fears mount

Today’s figures confirm that hard times are here, finance minister Rishi Sunak said

12 Aug 2020 4:28 PM

COVID-19 lockdown effect: Industrial production declines by over 16 per cent in June

Govt: It may not be appropriate to compare the IIP in the post-pandemic months with the IIP for months preceding the COVID-19 pandemic

11 Aug 2020 7:16 PM

India must focus on protecting economy not on what rating agencies think: Rajan

He said the RBI needs to focus on whether credit is reaching the stressed areas of the economy

07 Aug 2020 9:09 AM

RBI increases gold loan-to-value ratio to 90%, interest rates unchanged

Monetary Policy Committee after three days of deliberations voted unanimously to leave the policy repo rate unchanged at 4 per cent

06 Aug 2020 2:52 PM

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Real estate sentiment hit an all-time low in Apr-Jun due to pandemic, survey states

The office market, on the other hand, has shown nearly 98-99 per cent rent collection and low relevant micromarket vacancies

03 Aug 2020 5:33 PM

US expected to report record-breaking economic fall

A huge plunge in consumer spending sent the economy sinking at a roughly 32 per cent annual rate in the April-June quarter

30 Jul 2020 4:07 PM

India's economic recovery at risk as COVID-19 surges, dull outlook deepens: Report

In the quarter just gone by, the Indian economy is forecast to have shrunk 20.0%, the first double-digit contraction

30 Jul 2020 1:28 PM

Don't extend loan moratorium, able corporates not paying loans: HDFC's Parekh to RBI

If the moratorium is extended by another three months, then it is going to hurt us and smaller NBFCs particularly, said Parekh

27 Jul 2020 4:03 PM

Need to conclude free trade agreements with US, others: RBI Governor

Stating that recent agriculture reforms have opened new opportunities, the RBI Governor said the farm sector is emerging as a bright spot

27 Jul 2020 1:18 PM

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