National oil marketing companies have come out on Sunday allaying the fears of consumers about product shortages, saying there is absolutely no shortage of any fuel, especially cooking gas, which is being supplied to customers at their doorsteps
The Finance Ministry and RBI will hold a meeting on Tuesday to decide on the government's borrowing plan for the first half of 2020-21 amid the lockdown to contain the spread of coronavirus
Multilateral institution Asian Development Bank (ADB) on Monday announced a $100 million funding for the Indian infrastructure sector through the government-promoted NIIF
India's economic growth is likely to decline by 2 percentage points in the next financial year due to the impact of coronavirus pandemic and the consequent 21-day countrywide lockdown, former finance minister Yashwant Sinha said on Friday
The Centre has released Rs 4,431 crore to clear pending wages under the rural job scheme MGNREGA and will pay all dues by 10 April, officials said on Friday, a day after the government announced an increase in wages under the programme
The rupee pared its initial gains to settle 27 paise higher at 74.89 (provisional) against the US dollar on Friday after the RBI announced various measures to stimulate growth amid coronavirus-induced lockdown in the country
In view of hardship faced by the outbreak of COVID-19, the Reserve Bank of India on Friday extended the deadline for meeting the last tranche of capital conservation buffer (CCB) by another six months
The government has raised Rs 11,500 crore through strategic sale of two state-run power companies, THDC and NEEPCO, to NTPC
Despite the Reserve Bank of India's (RBI) massive actions to spur the economy, India's gross domestic product (GDP) is likely to contract by 4.5 percent in the April-June 2020 quarter and will rise by only 2 percent in 2020-21 on the coronavirus impact, according to domestic rating agency ICRA
GoAir said on Friday it has offered government its aircraft, crew and airport staff to carry out emergency services and repatriation of citizens, two days after another low-cost carrier IndiGo made a similar offer
The Reserve Bank of India (RBI) on Friday refrained from making any projections for growth and inflation saying the performance of these two key macroeconomic parameters in the days ahead would depend upon the intensity, spread and duration of COVID-19
The Reserve Bank of India on Friday asked all lending institutions to allow a three-month moratorium on EMI payments in order to infuse liquidity into the system as the economy grapples with COVID-19 challenges
The RBI on Friday put on hold EMI payments on all term loans for three months and cut interest rate by steepest in more than 11 years as it joined the government effort to rescue a slowing economy that has now got caught in coronavirus whirlwind
All members voted for a reduction in the policy repo rate and maintaining the accommodative stance as long as it is necessary to revive growth and mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains within the target
Taxation experts have welcomed the measures announced by the government, saying these steps will add up to 2-3 percent of GDP but will go a long way in addressing the issue of liquidity and deferment of payment obligations
Finance Minister Nirmala Sitharaman on Friday asked banks for "quick transmission" of slashed interest rate as the RBI cut the key lending rate sharply by 75 basis points to boost liquidity in the financial system to deal with the COVID-19 pandemic
The RBI on Friday said the impact of coronavirus outbreak on the economy will depend on the intensity, spread and duration of the deadly virus even as the central bank refrained from projecting any numbers for growth and inflation amid the widespread uncertainty
The RBI on Friday allowed banks to put on hold EMI payments on all term loans for three months as it slashed the cost of fresh borrowing by cutting policy interest rate by steepest in more than 11 years, joining the efforts of the government to counter the economic fallout of the fast-spreading coronavirus pandemic
Allaying depositors' concerns, RBI Governor Shaktikanta Das on Friday asserted there Indian banking system is safe, and termed linking banks' share prices to the safety of deposits as "fallacious" thinking
The Reserve Bank on Friday allowed banks to participate in offshore non-deliverable forward (NDF) rupee markets with a view to contain volatility in the domestic currency
The Indian rupee appreciated by 81 paise to 74.35 against the US dollar in intra-day trade on Friday, after the Reserve Bank announced various measures including a 75 basis point cut in repo rate to support the economy amid the coronavirus-induced crisis
The Indian rupee appreciated by 56 paise to 74.60 against the US dollar in early trade on Friday tracking positive opening in domestic equities, as investors awaited positive cues from the Reserve Bank of India to tide through the coronavirus crisis
As the nation-wide lockdown entered the third day, life for migrant workers in various parts of Kerala, with no wages, is an uphill task
The sagging FMCG industry got a boost in February and March owing to heavy sales in personal hygiene segment due to the coronavirus threat in the country
Central trade unions on Thursday urged Prime Minister Narendra Modi to announce a financial package of Rs 5-7 lakh crore for the worst-affected segments of the working population, saying their survival is in jeopardy due to coronavirus-forced lockdown in the country
The commerce ministry on Thursday said it has set up a help desk to resolve export- and import-related issues arising due the coronavirus outbreak
The Indian rupee surged by another 78 paise to 75.16 (provisional) against the US dollar on Thursday after Finance Minister Nirmala Sitharaman announced various welfare measures to tide through the coronavirus crisis
Terming the relief package as timely intervention, SBI Chairman Rajnish Kumar on Thursday said more calibrated responses in the coming weeks expected as the impact of pandemic COVID-19 unfolds
Former chief statistician Pronab Sen on Thursday said the country's growth in the next two quarters will not be more than 3 percent due to the lockdown across the country
The government on Thursday said the mega bank consolidation plan is very much on track and will take effect from April 1 despite the onslaught of coronavirus pandemic throwing the country out of gear