Coronavirus Outbreak: IMF supports India's 'proactive' decision of nationwide lockdown despite economic slowdown
"India entered the pandemic turmoil in the midst of a credit crunch-induced slowdown and its recovery prospect becomes more uncertain," Chang Yong Rhee, the Director of the IMF's Asia and Pacific Department,
Fed seen cutting rates amid virus threat, low inflation to cushion economy from effects of coronavirus
Unlike many other central banks, the Fed still has some room to cut interest rates, although officials there have said that they want to see a “material change” in the economic data before they take further action after cutting rates three times last year.
Global funds cut equity exposure in February, suggest increase in bond holdings instead over fears of coronavirus risk: Report
The findings come as major indexes on Wall Street look set for their steepest weekly plunge since the global financial crisis more than a decade ago, as rising numbers of new coronavirus infections outside China increase fears of a pandemic.
India needs 6.3% labour productivity growth to attain 8% hike in GDP, but this looks unlikely in near term: Ind-Ra
The labour productivity growth in FY19 was 5.2 percent.
Consumer confidence at lowest in 6 years, business confidence in the dumps; all this and more in Moneycontrol Pro
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India's GDP growth overestimated by 2.5% between 2011-12 and 2016-17: Former chief economic adviser Arvind Subramanian
India's GDP growth rate between this period should be about 4.5 percent instead of the official estimate of close to 7 percent, Arvind Subramanian said
Munoz, 53, joined Nissan in 2004 in Europe and led its expansion in North America after the global financial crisis.
Capitalism 'under serious threat' as economic, political system stops providing for people: Raghuram Rajan
Rajan said he believes that capitalism is breaking down because it is not providing equal opportunities.
China’s factory activity has been generally softening since last May.
Renault's Jean-Dominique Senard to meet Nissan CEO Hiroto Saikawa in Japan; auto firms keen to strengthen ties
Jean-Dominique Senard will visit Nissan’s headquarters in Yokohama to meet the company’s executives and become better acquainted with its Japanese partner.
Narendra Modi govt must not trigger chaos in economy and put India on the backfoot by invoking Section 7; hold on Urjit Patel
Urjit Patel has never been a darling of the media unlike his predecessor Raghuram Rajan
The Great Indian NPA Mess: Bad loans can snowball into banking crisis; Jaitley's solution has political overtones
NPAs on the other hand, have been growing. The problem was that banks did not have the capacity to assess infrastructure projects which were much bigger now.
India gets IMF boost: International body projects 7.4% growth for India, to become fastest growing economy among emerging countries
Like India's improving economic performance, the global economy was also on the uptick, estimated to have grown by 3.7 percent last year and forecast to grow this year and the next by 3.9 percent,
Defending his tight monetary policy, he said it had helped bring down the rate of inflation currently about 6 percent to the upper end of the government's target range.
D Subbarao said the professional competence of RBI is best in the world
May be Modi should read the book closely and take a lesson or two from the former prime minister on how to deal with the central bank
If the World Bank it is not reforming, changing and adapting to the realities of 21st century, let it self-destruct. That’s how creative destruction works
European benchmark Brent crude for February was down 33 cents at $36.55
The top Sensex loser by points was ICICI Bank, followed by Reliance Industries, Infosys and HDFC.
Narayanan has taken the controversy as an opportunity to introspect and learn. But it is long road ahead