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Govt unlikely to achieve FY21 Budget targets due to COVID-19 crisis: DEA Secretary

July 23, 2020 10:05 pm

Economic Affairs Secretary Tarun Bajaj said the government on a regular basis is monitoring 14-15 parameters which can give early signs of where the economy is heading.

Improvement in economy might slow down or even stagnate in the second quarter

July 17, 2020 10:15 am

India has had little option but to open up the economy. That has led to some improvement in economic activity towards the latter part of the April-June quarter — but this is unlikely to sustain. In the July-September quarter, we expect the pace of improvement to slow down or even stagnate and fall in some cases..

Credit offtake falls Rs 1.81 lakh crore in April, May

July 14, 2020 12:38 am

According to RBI Governor Shaktikanta Das, the liquidity measures announced by the RBI since February 2020 aggregate to about Rs 9.57 lakh crore — equivalent to about 4.7 per cent of 2019-20 nominal GDP.

DBS sees double-digit contraction in economy in April-June quarter

July 07, 2020 5:28 pm

The nature of this sudden stop owing to the pandemic will see real growth shift right to a lower trend, with part of the lost output unlikely to be made up for during the year, said Radhika Rao, economist at DBS Group Research.

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Lockdown hits biz activity: May core sector output shrinks 23.4%

July 01, 2020 2:25 am

Overall growth has been hit by declining production in most core sectors, save for fertilisers, according to data shared by the Commerce Ministry Tuesday.

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Challenge to economic recovery: Govt curbing expenditure to create headroom for dovetailing stimulus package

June 25, 2020 2:02 am

The govt’s fiscal stimulus in the wake of the pandemic has been restrained with limited cash outgo, a factor that economists said has been driven by the concerns of debt levels.

COVID-19: IMF approves nearly $1.4 billion to Pakistan to meet balance of payment crisis

'Historic low': IMF projects India's economy to contract by 4.5% this year

June 24, 2020 8:30 pm

The IMF projected the global growth at 4.9 per cent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast.

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FinMin: Govt taking structural reforms to support green shoots in economy

June 24, 2020 12:49 am

The Ministry said its commitment towards structural reforms would help in building on these green shoots in the economy.

Inequality gap in India to narrow down post COVID-19: SBI report

June 23, 2020 1:13 pm

"We expect that the inequality gap in India will narrow down post-COVID pandemic as decline in income of rich states will be much greater than the decline in income of poor states," the SBI's research report said.

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WPI inflation falls 3.21% in May, but food prices rise

June 15, 2020 1:11 pm

Inflation in food articles during May stood at 1.13 per cent, as against 2.55 per cent in April. In fuel and power basket, deflation stood at 19.83 per cent in May, as against 10.12 per cent in the previous month.

INDIAN ECONOMY PHOTOS

Postcards of Change: Transforming cities take centrestage

February 11, 2014 7:20 pm

Indian cities are yet to get the attention they deserve despite their role as the growth engines of the economy.

INDIAN ECONOMY VIDEOS

‘Think of it the other way, not about govt raiding RBI, but how RBI could have behaved differently’

June 22, 2020 6:07 pm

In this edition of the Idea Exchange, Former Chief Economic Adviser Arvind Subramanian talks about demonitisation, defends GST, explains the reasons why growth has not been robust and reflects back on his tenure as Chief Economic Adviser of India.

'For the first time we have a majority govt. If some hard decisions have to be taken, they must be announced now'

June 22, 2020 6:13 pm

Former governor of Reserve Bank of India Bimal Jalan talks about how he addressed the issues of transparency and accountability in financial transactions and governance in his new book, India Ahead: 2025 and Beyond.

No need for 'exaggerated panic' among investors: Jaitley

February 12, 2016 11:55 am

New Delhi, Feb 12 (ANI): As the Bombay Stock Exchange (BSE) Sensex plunged around 800 point on Thursday, Finance Minister Arun Jaitley on Friday came out to calm the investors, saying that there was no need for an 'exaggerated panic' among investors. Jaitley emphasised that the investors should keep in mind the inherent strength of the Indian economy while investing. He added that the Government is fully committed to empower and support public sector banks by providing whatever capital requirements is required, adding that the problem of recovering bad loans from the borrowers will soon be ended.