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The World Bank on Monday signed a 750 million dollar agreement with the government for MSME emergency response programme. (AFP Photo)

World Bank, India sign Rs 5,600 crore support to COVID-19 hit MSMEs

The programme will address immediate liquidity and credit needs of nearly 15 lakh viable MSMEs

7 July 2020 10:31 AM IST

Union minister Nitin Gadkari. (PTI Photo)

India needs Rs 50-60 lakh cr foreign investments to boost economy:...

Gadkari further said that talks are on with investors from Dubai and the US for various sectors, including MSMEs

2 July 2020 3:54 PM IST

Indias economy is set to contract this year. (AFP)

Why IMF's latest projection on India's economic growth must not come...

Coronavirus and the consequent lockdown have dealt a body blow to India's economic recovery

27 Jun 2020 3:10 PM IST

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

RBI central board discusses current economic situation, COVID-19...

RBI had taken a host of steps, including reduction in the key policy rate and measures to support the industry, to deal...

26 Jun 2020 4:26 PM IST

GDP to contract by 5.3 pc in FY21 due to Covid-19 woes, says Ind-Ra. (ANI Photo)

India's GDP to contract by 5.3% due to COVID-19 'disorder', says India...

However, the agency believes the GDP growth will bounce back in the range of 5 to 6 per cent in FY22

25 Jun 2020 12:09 PM IST

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