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Singapore cuts 2020 GDP outlook again as virus batters economy. (AFP Photo)

Singapore cuts GDP outlook again as virus batters economy

Singapore's economy shrank 0.7% year-on-year in the first quarter and 4.7% on a quarter-on-quarter

26 May 2020 9:00 AM IST

RBI Guv Shaktikanta Das address press after govts relief package. (PTI Photo)

RBI cuts repo rate, extends loan moratorium, projects negative GDP...

RBI Governor Shaktikanta Das extended the moratorium period by another three months from June 1 to August 31 due to...

22 May 2020 11:13 AM IST

World Bank says covid19 to push 60 million into poverty; 160 billion assistance to 100 countries . (AFP Photo)

World Bank estimates 60 million people may fall into extreme poverty...

The World Bank announced emergency operations worth USD 160 billion in 100 developing countries to fight the deadly...

20 May 2020 1:33 PM IST

Foreign investors have pulled out an estimated USD 26 billion from developing Asian economies and over USD 16 billion out of India. (AFP Photo)

Foreign investors pull out $26 billion from Asian economies, $16...

The small decline in orders in March is likely to give way to a collapse in investment across this quarter

20 May 2020 12:47 PM IST

Satish Marathe, a member of RBIs central board. (Photo- Social media)

Stimulus package fails to involve banks as frontline warriors, says...

He said the three-month moratorium offered for loan repayments announced by Reserve Bank of India is "not enough"

20 May 2020 12:41 PM IST

Japan slips into recession, worst yet to come as pandemic wreaks havoc. (AFP Photo)

Japan slips into recession, slump set to worsen as pandemic wreaks...

The world's third-largest economy shrank for second consecutive quarter in three months to March, intensifying challenge...

18 May 2020 8:42 AM IST

Migrant workers from other states trying to return to their homes arrives for transportation to a train station in Ahmedabad. (AP)

135 million Indians may lose job due to coronavirus impact

The worst impact will be felt by India's most vulnerable in terms of job loss, poverty increase and reduced per-capita...

17 May 2020 4:25 PM IST

Centre increased borrowing limit for states from three to five per cent for 2020-21 only, Union Finance Minister Nirmala Sitharaman announced on Sunday. (PTI Photo)

Borrowing limit of states increased to tackle economic fallout of...

The decision comes after requests posed by various state governments

17 May 2020 1:43 PM IST

Union Finance Minister Nirmala Sitharaman. (ANI Photo)

FM Nirmala announces additional 40k crore under MGNREGS to boost...

Top-100 universities will be permitted to automatically start online courses by May 30, 2020

17 May 2020 12:26 PM IST

Union Finance Minister Nirmala Sitharama. (PTI Photo)

Sitharaman to announce fifth and final tranche of economic package at...

Finance Minister on Saturday said the government will introduce competition, transparency and private sector...

17 May 2020 9:45 AM IST

Finance Minister Nirmala Sitharaman (Twitter)

Nirmala Sitharaman announces reforms in mining, defence production in...

States are being ranked on investment attractiveness to compete for new investments, she said.

16 May 2020 5:20 PM IST

Finance Minister Nirmala Sitharaman. (PTI Photo)

FM Nirmala Sitharaman's third tranche covers agriculture and allied...

Financing facility of Rs 1,00,000 crore will be provided for funding agriculture infrastructure projects at farm-gate...

15 May 2020 5:42 PM IST