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Economy - Page 20

Global economy to plunge into worst recession since WW-II, says World Bank. (AFP Photo)

World Bank says global economy to shrink 5.2%, worst recession since...

Per capita incomes are expected to decline by 3.6 per cent, which will tip millions of people into extreme poverty this...

9 Jun 2020 11:06 AM IST

US economy entered recession in February. (AP Photo)

US economy entered recession in February

US gross domestic product fell at a 4.8% annualized rate in the first three months of the year

9 Jun 2020 8:48 AM IST

Japan still in recession, but economy shrank at lower rate. (AFP Photo)

Japan's economy shrinks less than initial estimate but still in...

Export-dependent Japan's economy had contracted at an annual rate of 7.2% in the October-December period

8 Jun 2020 9:32 AM IST

Finance ministry asked all ministries and departments not to initiate any new scheme in the current financial year. (PTI Photo)

No new government schemes for a year, Centre cuts back amid COVID-19...

Schemes that are already approved for the currrent financial year will remain suspended till March 31 next year or...

5 Jun 2020 4:25 PM IST

Industrialist Rajiv Bajaj. (PTI Photo)

Lockdown flattened GDP curve, not COVID-19: Rajiv Bajaj

Airing concerns of the industry, Bajaj said India now needs to generate demand for which a stimulus is required for...

5 Jun 2020 9:52 AM IST

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