Monday, May 25, 2020 | Last Update : 05:34 PM IST

62nd Day Of Lockdown

Maharashtra50231146001635 Tamil Nadu162778324112 Gujarat140636412858 Delhi134186540261 Rajasthan70283848163 Madhya Pradesh66653408290 Uttar Pradesh62683538161 West Bengal36671339272 Andhra Pradesh2780184156 Bihar257470211 Karnataka208965442 Punjab2060189840 Telangana1854109253 Jammu and Kashmir162180921 Odisha13365507 Haryana118476516 Kerala8485206 Assam393584 Jharkhand3701484 Uttarakhand317583 Chandigarh2621794 Chhatisgarh252640 Himachal Pradesh203594 Tripura1941650 Goa66160 Puducherry41120 Manipur3220 Meghalaya14121 Arunachal Pradesh210 Mizoram110 Sikkim100

Economy Page-2

Coronavirus lockdown causes historic spike in layoffs in India

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

06 May 2020 1:32 PM

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 loans

05 May 2020 2:18 PM

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

04 May 2020 10:35 AM

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

03 May 2020 9:16 AM

US Fed leaves interest rates near zero, to use full range of tools to help economy

In its statement, the Fed said it is "committed to using its full range of tools to support the US economy in this challenging time”

30 Apr 2020 10:41 AM

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HSBC’s pre-tax profit falls 48% as virus batters global economy

Lender reported pre-tax profits of $3.2 billion, down 48 percent citing credit losses from clients hit by the economic slowdown

28 Apr 2020 10:34 AM

RBI unveils Rs 50,000 cr credit line for mutual funds

RBI also stressed it remains vigilant and will take whatever steps are necessary to mitigate the economic impact of Covid-19

27 Apr 2020 11:24 AM

India's holding of US government securities hits record high of $177.5 billion in Feb

US Treasury Department showed that the amount of securities owned by India has also gone up by the maximum quantum in a span of one month

26 Apr 2020 12:34 PM

SAARC nations unveil emergency stimulus packages

India responded by unveiling a Rs 1.7 lakh crore (USD 22.6 billion) economic stimulus plan

26 Apr 2020 12:12 PM

India plans to fast track Chinese investments after policy change

India said this week that all foreign direct investment from countries sharing a land border would require prior government clearance

26 Apr 2020 9:46 AM

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India's remittances likely to decline by 23% due to coronavirus: World Bank

Globally remittances are projected to decline sharply by about 20 per cent this year due to the economic crisis

23 Apr 2020 1:04 PM

Finance Ministry notifies changes in FDI policy under FEMA law

Prior approval of government mandatory for foreign investments, to prevent the opportunistic takeover of domestic firms

23 Apr 2020 12:42 PM

Fitch slashes India's economic growth to 0.8% in FY21

Unparalleled global recession was underway due to disruptions caused by the outbreak of coronavirus pandemic and resultant lockdowns: Fitch

23 Apr 2020 12:14 PM

Small, micro businesses at a greater risk of credit default, says cibil

The covid crisis poses challenges to businesses, especially for micro enterprises, who are often vulnerable to sudden changes in the market

22 Apr 2020 4:33 PM

Sensex plunges 1,011 pts after oil price crash sparks global sell-off

Similarly, the NSE Nifty plummeted 280.40 points, or 3.03 per cent, to 8,981.45

21 Apr 2020 4:34 PM

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Fitch Solutions cuts India's economic growth forecast to 1.8% for FY21

Fitch Solutions also anticipated a deeper contraction in fixed investments as businesses choose to cut back on capital expenditure

20 Apr 2020 12:32 PM

I-T revises return forms to enable taxpayers avail benefits of timeline extension

The new income tax returns forms will be notified by the month-end and return filing utility would be available by May 31

19 Apr 2020 6:53 PM

Finance ministry rubbishes reports of 20% cut in pensions to central government employees

The ministry clarified its position after reports that the government is planning to cut pensions

19 Apr 2020 2:27 PM

Governments across globe under pressure to control covid19 economic damage

Governments face pressure to reopen factories, shops, travel and public activities

19 Apr 2020 12:42 PM

Bank dividend payments suspended

To maintain financial health, banks have been exempt to make any further dividend payout

17 Apr 2020 12:47 PM

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