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Indian Economy
Business  /  Published 13.10.20

IMF: Indian economy to contract by 10.3%

The Indian economy, severely hit by the coronavirus pandemic, is projected to contract by a massive 10.3 per cent this year, the International Monetary Fund said on Tuesday. However, India is likely ...
By Our Bureau, Agencies in Washington

Business  /  Published 11.10.20

RBI: V-shaped recovery

The Reserve Bank of India (RBI) is expected to go in for another 25-50-basis-point cuts in the policy repo rate during this fiscal and follow it up with an extended pause with the domestic economy pro...
By Our Special Correspondent in Mumbai

Business  /  Published 10.10.20

HDFC’s Keki Mistry sees Q3 rebound

Keki Mistry, CEO of mortgage lender HDFC Ltd, on Saturday said the “worst is behind us” and the economic recovery has been faster than expected.  Stating that the December quarter gr...
By PTI in New Delhi

Business  /  Published 08.10.20

Economy: World Bank projects 9.6% contraction

The World Bank expects India’s economy to contract 9.6 per cent in the current fiscal and to rebound to a 5.4 per cent growth in 2021-22 assuming that Covid-related restrictions will be complete...
By Our Special Correspondent in New Delhi

Business  /  Published 08.10.20

GST: shortfall in cess reduced

The Centre is reducing the compensation cess shortfall for this fiscal year to Rs 1.83 lakh crore from Rs 2.35 lakh crore earlier. The cut arises because the government intends to roll over the amount...
By Our Special Correspondent in New Delhi

Business  /  Published 07.10.20

Renewed calls for economic fiscal stimulus

The economy needs continued fiscal stimulus to get back on a growth path, says Pronab Sen, chairman of the standing committee on statistics and programme implementation. Without stimulus the growth r...
By A Staff Reporter in Calcutta

Business  /  Published 07.10.20

Inflation: RBI let off the hook

The Centre has asked the RBI to consider July as the starting month for inflation targeting as there was a break in the inflation series in April and May, meaning the apex bank will not have to submit...
By Our Special Correspondent in Mumbai

Business  /  Published 06.10.20

Modi govt's deep divide on GST payout

The Narendra Modi government on Tuesday ruled out a vote on the compensation issue while arguing that that borrowing by states did not require the approval of the GST Council. The government, which h...
By Our Special Correspondent in New Delhi

Business  /  Published 04.10.20

Auto sales surge not sustainable

The recovery seen in auto sales in the past couple of months is not a sustainable one and there is a question mark on how the industry would fare next year as the sector is hugely linked to the econom...
By PTI in New Delhi

Business  /  Published 04.10.20

Economic recovery to be L-shaped

Axis Bank’s chief executive and managing director Amitabh Chaudhry feels economic recovery will be slow, but there is optimism coming in from improved loan demand and credit card spends for the ...
By PTI in Mumbai


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