Saturday, Oct 24, 2020 | Last Update : 09:15 AM IST

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Economy Page-4

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 for the MSME sector

03 Jun 2020 1:03 PM

Australia's economy shrinks in first quarter, headed for first recession in 30 years

The central bank stepped in by cutting the cash rate to a record low 0.25% and launching an unlimited bond buying programme

03 Jun 2020 8:59 AM

Moody’s rated Modi’s handling of economy a step above junk, says Rahul Gandhi

He said lack of support to the poor and small and medium industry indicates that the worst is yet to come

02 Jun 2020 3:33 PM

India will definitely get its growth back, path to that is Atma-nirbhar bharat: PM Modi

Speaking at CII's Annual Session, he called on India Inc to rise to the occasion and partner rural India in these testing times

02 Jun 2020 2:09 PM

Moody's cuts India's rating to lowest investment grade with negative outlook

India’s economy grew 3.1% in January-March, its slowest quarterly pace in at least eight years

02 Jun 2020 9:07 AM

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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 at least eight years

30 May 2020 11:17 AM

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

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

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

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

22 May 2020 11:13 AM

World Bank estimates 60 million people may fall into extreme poverty due to covid19

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

20 May 2020 1:33 PM

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

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

Stimulus package fails to involve banks as frontline warriors, says RBI board member

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

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

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

18 May 2020 8:42 AM

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 income

17 May 2020 4:25 PM

Borrowing limit of states increased to tackle economic fallout of covid19

The decision comes after requests posed by various state governments

17 May 2020 1:43 PM

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

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

17 May 2020 12:26 PM

Sitharaman to announce fifth and final tranche of economic package at 11 am today

Finance Minister on Saturday said the government will introduce competition, transparency and private sector participation in coal sector

17 May 2020 9:45 AM

Nirmala Sitharaman announces reforms in mining, defence production in latest tranche

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

16 May 2020 5:20 PM

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

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

15 May 2020 5:42 PM

Stimulus or sleight of hand? Rs 6L crore is the packaging, Rs 24k crore is the cake

The other measures on equity infusion into MSMEs would need to be watched for uptake, given the poor execution of such schemes in the past

15 May 2020 10:16 AM

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