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Women working for the regional public transport company distribute face masks in the main train station in Frankfurt, Germany, (AP)

Latest coronavirus updates from around the world

More than 2.97 million people have been reported to be infected and 205,948 have died, according to a Reuters tally, as of on Monday

27 Apr 2020 1:47 PM

People thrown out of livelihoods sit down for a meal at a soup kitchen set up by the Delhi government at a temporary shelter in the Nizamuddin area. (DC Photo: Pritam Bandyopadhyay)

Aakar Patel: What will the new economy look like post Covid-19 crash?

The impact on the global economy may last for an entire generation

05 Apr 2020 5:47 PM

A couple carrying an infant walk along an expressway hoping to reach their home, hundreds of miles away, as New Delhi comes under lockdown. (AP)

How the virus from Wuhan has taken the world to the brink: Is the economy next?

How did 21st century India forget the 'yellow peril' that battered the global economy in the guise of globalisation?

01 Apr 2020 8:36 AM

US president Donald Trump signed the coronavirus stimulus relief package at the White House on March 27, 2020, in Washington. (AP)

Trump signs biggest stimulus package ever

What it does: $1200 cash transfer to every American, higher jobless dole and more funds for health care

28 Mar 2020 9:21 AM

A homeless woman sleeps on a deserted platform of the Lokmanya Tilak train terminus in Mumbai. (File photo: AP)

AA Edit: Centre must plan for Lakshman Rekha

The Lakshman Rekha poses no hazard to those who have an assured income but what about the 50 crore daily-wage earners?

26 Mar 2020 6:32 PM

A vegetable vendor pushes his bicycle loaded with vegetables on an empty street during a complete lockdown amid growing concerns of coronavirus in Noida, on the outskirts of New Delhi on March 24, 2020. Authorities have gradually started to shutdown much of the country to contain the outbreak. (AP)

Lockdowns are overkill, and won’t tame the virus

The silence of economic graveyards can be very expensive for struggling economies like ours

24 Mar 2020 7:49 PM

A homeless woman sleeps on a deserted platform of a Lokmanya Tilak train terminus in Mumbai, March 23, 2020. As India expanded its virus-containment measures and halted its lifeblood train network, the federal government warned Monday of strict legal action for those who flout the rules. (AP)

Crisis exposes lacunae in India’s public welfare

As usual the poor will be the hardest hit by the coronavirus fallout

24 Mar 2020 7:51 AM

An Indian stockbroker gestures as he watches the Bombay Stock Exchange (BSE) index on a trading terminal in Mumbai, on March 9, 2020. Global stock markets and oil prices plunged Monday after a squabble among crude producers jolted investors who already were on edge about the surging costs of a virus outbreak. India's Sensex retreated 6.2 per cent to 35,255.73. (AP)

The current global crisis is an opportunity for India

The crash in crude oil prices is a blessing for the country

10 Mar 2020 10:55 PM

In the December quarter, private investment grew 5.9 per cent, up from 5.6 per cent in the previous quarter.

Indian economic growth slows, with coronavirus impact to come

The annual GDP figure for the September quarter was ramped up from an earlier estimate of 4.5 per cent

29 Feb 2020 11:33 AM

Economy close to collapse, fear in country: Chidambaram

Fiscal deficit was targeted to shrink to 3.3 per cent of the GDP but ended at 3.8 pc and in the next fiscal it is being targeted at 3.5 pc.

11 Feb 2020 10:03 AM

Budget 2020 provides 'discreet and considered' stimulus: Sitharaman

Sitharaman said divestments are necessary to get transparency in the working of companies.

07 Feb 2020 1:37 PM

Our target is USD 5 billion of defence export in next five years: PM Modi

In 2014 the export of defence equipment from India was about Rs 2,000 cr and in the last 2 years it has gone up to Rs 17,000 cr.

06 Feb 2020 11:21 AM

The Union Budget 2020-21 implies a modest degree of slippage from previous targets to consolidate public finances, it said.

Fitch says Budget light on new structural reforms

Fitch projected that the government debt will remain close to 70 per cent of GDP throughout the period to 2021-22.

05 Feb 2020 12:06 PM

The 'escape clause' allows the government to breach its fiscal deficit target by 0.5 percentage points at times of severe stress in the economy

Fiscal deficit target raised to 3.8 pc from 3.3 pc for FY20

This fiscal path commits us to the path of fiscal consolidation without compromising the needs of investment out of public funds.

01 Feb 2020 2:48 PM

Despite cuts in corporate taxes and monetary easing by the central bank, investments have failed to pick up.

India's budget likely to raise spending to revive economic growth

India is facing its worst economic slowdown in a decade. Growth slipped to 4.5 per cent in the July-September quarter.

29 Jan 2020 10:11 AM

IMF this month cut India’s growth forecast to 4.8 per cent for the ongoing fiscal year - its lowest level in 11 years.

Govt likely to fund some USD 28 bn of expenditure via off-budget borrowings: sources

India’s committed spending, excluding capital spending, could be targeted at near 27 trillion rupees for the next fiscal year.

24 Jan 2020 10:50 AM

The government was forecast to set a fiscal deficit target of 3.6 per cent of GDP for 2020-21, up from 3.3 per cent targeted for the current year, the poll found.

RBI to hold rates on inflation concerns, fiscal boost likely: report

The RBI was forecast to next cut rates by 25 basis points to 4.90 per cent in the October-December quarter.

23 Jan 2020 1:14 PM

With India’s economy growing at its slowest pace in 11 years, the government of Maharashtra state believes the move will boost spending and create jobs. (Photo: PTI)

Mumbai bets on all-night shopping to lift India's economy

Malls, shops and eateries in commercial districts of Mumbai such as BKC and Nariman Point will be able to remain open 24 hours.

23 Jan 2020 11:31 AM

These are some of the businesses that are already on the verge of creating massive employment opportunities over the next few years.

5 home-grown businesses elevating India's economy

These businesses have yielded 500+ acquisitions and created 750,000 jobs since 2014.

23 Jan 2020 10:28 AM

Over 60 per cent of respondents expected retail inflation, due for release on January 13.

Inflation probably breached RBI target in December: report

India’s annual consumer inflation rose to 6.20 per cent in December from November’s 5.54 per cent.

09 Jan 2020 1:00 PM

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Sanjeev Ahluwalia