Business  /  Published 24.09.20

Heat on borrowing plan for fiscal second half

However, Madan Sabnavis, chief economist of Care Ratings, said: “It is unlikely to be more than Rs 12 lakh crore for the full year….therefore no surprise is expected.” “The go...
By Our Special Correspondent in New Delhi

Business  /  Published 22.09.20

Ministry to suspend spending forecasts

Parliament on Tuesday passed amendments to the Banking Regulation Act to bring co-operative banks under the supervision of the RBI, a move aimed at protecting the interest of depositors. The bill repl...
By Our Special Correspondent in New Delhi

Opinion  /  Published 16.09.20

Rated highly: India reposes its faith in Modi

It is six months since the prime minister’s broadcast and the ‘Janata Curfew’ last March that signalled the end of normal life in India. Much has happened since that time when the nu...
By Swapan Dasgupta in

Opinion  /  Published 14.09.20

Tumbling down: Slump in the GDP

The -23.9 per cent shrinkage in the April-June GDP is not a surprise as nearly half the period witnessed a national lockdown. It’s also not surprising that this loss is the world’s steepes...
By Renu Kohli in

Business  /  Published 11.09.20

Moody’s sees 11.5% contraction

Domestic rating agency CARE Ratings said the economy is likely to shrink 8-8.2 per cent in the current financial year compared with a decline of 6.4 per cent it had projected earlier. ...
By PTI in New Delhi

Business  /  Published 09.09.20

Stimulus demand from industry

India’s travel and tourism industry and the entire value chain is likely to lose around Rs 5 lakh crore, or $65.57 billion, because of the Covid-19 pandemic. Hotel occupancy is likely to be at ...
By Our Special Correspondent in New Delhi

Business  /  Published 08.09.20

Indian economy grim outlook

A bunch of forecasts released on Tuesday indicate the pandemic will create a greater havoc on the Indian economy than feared initially. All the three numbers from Fitch Ratings, India Ratings and Res...
By Our Bureau in New Delhi

Business  /  Published 08.09.20

Economy’s virus rot deeper than feared

Three forecasts of the gross domestic product (GDP) for the current fiscal show contraction to be much deeper than their initial assessments — because of the untramelled spread of the virus and ...
By Our Special Correspondent in New Delhi

Business  /  Published 08.09.20

Japan GDP drop worst since War

Japan’s economy sank deeper into its worst postwar contraction in the second quarter as the coronavirus jolted businesses more than initially thought, underscoring the daunting task the new Prim...
By Reuters in Tokyo

Business  /  Published 07.09.20

Rajan: GDP fall alarming

Terming the 23.9 per cent fall in economic growth in June quarter alarming, former Reserve Bank Governor Raghuram Rajan has said bureaucracy should come out of complacency and take meaningful action. ...
By Our Bureau and Agencies in New Delhi


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