The lower nominal GDP figure will mean that the fiscal deficit in 2020-21 -- which was projected at 3.5 per cent in last year’s budget -- will shoot to well over 7 per cent, according to some es...

The World Bank said it expects the global economy to expand 4 per cent in 2021, assuming an initial Covid-19 vaccine rollout becomes widespread throughout the year. A recovery, however, will likely be...

Fitch Ratings on Tuesday has lowered its forecast of contraction of the Indian economy for the fiscal to 9.4 per cent against 10.5 per cent contraction earlier, taking note of the sharper than expecte...

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The Reserve Bank of India (RBI) on Tuesday warned the additional outgo of states to combat the impact of Covid-19 will significantly erode their hard won fiscal prudence achieved over the past three y...

Finance minister Nirmala Sitharaman spoke of the possibility of another round of stimulus and said the Centre would come out with fresh growth and budgetary estimates for the pandemic-ravaged fiscal. ...

As most of the world still struggles with the coronavirus pandemic, China is showing once again that a fast economic rebound is possible when the virus is brought firmly under control. The Chinese ec...

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India’s current account surplus (CAS) rose to a record $19.8 billion, or 3.9 per cent of  GDP, in the April-June quarter as a contracting economy led to a steep decline in imports compared ...

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...