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Nirmala Sithraman warns banks against refusing credit to MSMEs under emergency credit facility

Union finance minister Nirmala Sitharaman has assured the industry body of looking into concerns around loans availability and restructuring.

Updated on Jul 31, 2020, 6:28 PM IST

On the economy, don’t disengage with China | Opinion

While the China relationship is likely to remain competitive and complex, if the grand strategic goal is to deepen ties with Asia, then India will have to acquire the ability to conceive geo-economic strategies in the neighbourhood and beyond while recognising that states will not deprive themselves of economic ties with mainland China

Updated on Jul 27, 2020, 6:47 PM IST

Government identifies 1,474 exporters’ fraudulent claims worth ₹2,020 cr

The government carried out a verification exercise which led to unearthing of the scandal.

Updated on Jul 26, 2020, 7:56 PM IST

Piyush Goyal calls for building trust for trade at BRICS meeting

Union minister Piyush Goyal addressed the 10th meeting of trade ministers of BRICS countries on Thursday.

Updated on Jul 23, 2020, 11:20 PM IST

Green shoots visible in economy, agriculture sector driving growth, says FM Nirmala Sitharaman

Finance minister Nirmala Sitharaman was addressing the virtual India Ideas Summit.

Updated on Jul 21, 2020, 10:22 PM IST

Chinese economy bounces to 3.2% growth in second quarter after shrinking in first

It is the first major world economy to show growth following the impact of the pandemic.

Updated on Jul 16, 2020, 9:30 PM IST

Boost to rural economy: Record sowing points to good harvest

A farmer cuts wheat by hand while a harvesting a field in the Bulandshahr district of Uttar Pradesh on April 21, 2020.

Updated on Jul 15, 2020, 3:57 AM IST

Economy showing green shoots: PM

The PM’s remarks come in the backdrop of a projected contraction in the economy due to the pandemic and the lockdown imposed to curb its spread.

Updated on Jul 10, 2020, 12:10 AM IST

Global economy to contract by 5.2 per cent in 2020: Report

A rickshaw driver counts his earnings at the Ghazipur Wholesale Fruit and Vegetable Market in New Delhi, India.

Published on Jul 8, 2020, 7:18 PM IST

Core sector output shows slight uptick from April low

May was the third straight month of decline in core sector data, comprising eight infrastructure sectors.

Updated on Jul 1, 2020, 6:25 AM IST

Fitch cuts India growth forecast to 8% for FY22; economy to shrink by 5% this fiscal

In May update to the oulook, Fitch had projected Indian economy’s growth at 9.5% in 2021-22. S&P has forecast a 5% contraction in the fiscal year starting April, and the growth to recover to 8.5 % next fiscal.

Published on Jun 30, 2020, 6:47 PM IST

Green shoots in rural India set the stage for economic revival

A bumper harvest and high rural incomes are needed to drive demand for goods

Updated on Jun 30, 2020, 6:33 AM IST

Second stimulus may stop contraction in the economy: EY India report

The World Bank on June 8 projected India’s FY21 growth to contract by 3.2%, a downward revision from its earlier forecast of 2.2% on April 12.

Updated on Jun 29, 2020, 7:39 AM IST

India’s economy is ailing from more than Covid-19

Workers walk past an Indo-Tibetan Border Police (ITBP) officer at the campus of Radha Soami Satsang Beas, a spiritual organization, where a coronavirus disease care centre has been constructed for the patients amidst the spread of the disease, in New Delhi.

Published on Jun 26, 2020, 5:26 PM IST

1500 cooperative banks with nearly Rs 5 lakh crore assets brought under RBI supervision

Updated on Jun 24, 2020, 4:29 PM IST

Boris Johnson gambles on lifting lockdown to save UK’s economy

Britain's Prime Minister Boris Johnson during a daily briefing to update on the coronavirus disease (Covid-19) outbreak, at 10 Downing Street in London, Britain on June 23, 2020.

Updated on Jun 24, 2020, 6:47 AM IST

How China is tightening its grip on Hong Kong’s economy

A man wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday.

Updated on Jun 24, 2020, 6:31 AM IST

To revive the economy, Modi must turn to maximum government | Opinion

The PM stressed that getting growth back is not so difficult as now Indian industry has a clearly defined goal in Aatmanirbhar Bharat

Updated on Jun 21, 2020, 8:53 PM IST

Coronavirus: Pre-pandemic levels not until 2023, says economist as Japan cautiously reopens economy

People wearing masks stand in a line to enter Uniqlo's newly launched shop in Tokyo, Japan on June 19, 2020.

Updated on Jun 20, 2020, 7:25 AM IST

Demand in economy will rise when uncertainty is not there: CEA

According to Chief Economic Advisor Krishnamurthy V Subramanian, this uncertainty arising out of the health factor will stay until a vaccine for Covid-19 is developed, and spending will not pick up till then.

Published on Jun 19, 2020, 7:55 PM IST

Opening with care

Steps to ramp up and professionalise India’s care economy will ease up the usual burden on women. Functional care centres for children and older people employing safe and trained domestic workers can help women pursue career options

Updated on Jun 19, 2020, 5:36 AM IST

Coal block auctions to generate 2.8 lakh jobs and revenue windfall: Amit Shah

Amit Shah in a series of tweets lauded the government’s decision to unlock the coal mining sector.

Updated on Jun 18, 2020, 3:37 PM IST

Green shoots in economy, 2-wheeler sales at 70% of pre-lockdown numbers: PM

The more precautions the states took, Modi underlined, the better abled they would be to fight Covid-19, which would lead to greater opportunities for the economy to bounce back. (Photo ANI)

Updated on Jun 16, 2020, 6:11 PM IST

Japan will resume fiscal reform once economy out of deflation: PM Abe

Japan's Prime Minister Shinzo Abe speaks at a news conference on Japan's response to the coronavirus disease, in Tokyo.

Published on Jun 15, 2020, 10:53 AM IST

France reopens economy to quicken recovery from Covid-19 crisis

A woman rides an electric bike as the country eases lockdown measures taken to curb the spread of the coronavirus disease (Covid-19) in Paris, France on June 14, 2020.

Updated on Jun 15, 2020, 5:35 AM IST

Can politics shape revival of economy after Covid-19?

Farm workers in Noida thrash harvested paddy crop to separate the grains.

Updated on Jun 14, 2020, 6:05 AM IST

Expats leaving Dubai is bad news for the economy

Passengers wearing masks due to the coronavirus pandemic wait at ticketing for flights at Dubai International Airport's Terminal 3 in Dubai, United Arab Emirates

Published on Jun 11, 2020, 12:11 PM IST

Gadkari recalls Vajpayee’s words while assessing economic cost of coronavirus

Union minister Nitin Gadkari said an economic war had begun in the country.

Updated on Jun 10, 2020, 11:05 PM IST

Coronavirus triggered century’s worst global recession without a second wave

A man walks in front of the European Central Bank in Frankfurt, Germany. If the coronavirus re-emerges later in the year, however, the global economy could shrink 7.6%, the OECD said.

Updated on Jun 10, 2020, 6:35 PM IST

India’s economy to shrink further in fiscal year 2020-21, says World Bank

The growth rate of the Indian economy in fiscal 2017 was seven per cent, which dropped to 6.1 per cent in fiscal 2018 and to 4.2 per cent in fiscal 2020, it said.

Updated on Jun 8, 2020, 8:49 PM IST

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