RBI Governor Shaktikanta Das said the Monetary Policy Committee kept its estimate for economic growth unchanged at 10.5 percent for the current fiscal
RBI governor Shaktikanta Das said the Monetary Policy Committee kept its estimate for economic growth unchanged at 10.5 percent for the current fiscal
RBI says economy to contract at 7.5% for FY21; keeps repo rate unchanged at 4% in accommodative stance
The central bank, which had previously expected the economy to shrink 9.5 percent in the year to March, revised its forecast after a shallower-than-expected decline in GDP in the July-September quarter
Nirmala Sitharaman's first COVID-19 stimulus sheds moral baggage for morale booster, but fiscal puzzles remain
There is plenty to celebrate for MSMEs and other entities covered under Nirmala Sitharaman's first package of details to flesh out Prime Minister Narendra Modi's Rs 20-lakh-crore stimulus
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Stock market gains alongside economic pain driven by massive boost from Fed; some worry about over-optimism
The US stock market has changed its mood swiftly since 23 March—when the S&P 500 dropped as much as 35 percent below its 19 February peak.
Wall Street dazed and confused after worst day since 1987; coronavirus pandemic sparks fear of global recession
The suspension of professional sports games, cancelled conventions and half-empty restaurants has raised fears—not about whether the longest US economic expansion on record is ending—but about how deep a now presumed recession will be.
Gold edges up after a sharp drop in the previous session as US warning heightens coronavirus concerns
Spot gold was up 0.3 percent at $1,639.74 per ounce, having slumped as much as 1.9 percent in the previous session.
Economy likely grew 4.7% in December quarter; small rebound in rural demand, private consumption expected: Report
About 90 percent of economists in the poll forecast growth for the October-December quarter at 5 percent or below.
G20 finance heads eye impact of coronavirus outbreak on global growth, see modest pick-up in 2020, 2021
The G20 finance ministers and central bank heads faced a sober presentation by the International Monetary Fund (IMF), which predicted the epidemic would shave 0.1 percentage points off global growth.
Nirmala Sitharaman's Budget 2020 measures too long-term, unlikely to bolster growth, meet targets in FY21: Crisil
Noting that the economy is facing its worst slowdown in over a decade, a CRISIL report has said this was because consumption and investment have stopped firing for too long
There are measures announced in the Budget which help to facilitate business, especially SMEs which is useful
Banks spent last decade pulling out their economies from 2008 financial crisis, might spend next decade dealing with climate change.
Capex injects funds directly into the spending stream and is hence superior to even direct cash transfers where the action of the beneficiary can never be guessed accurately
Budget 2020: Earnings, global cues, pre-Budget expectations to drive markets this week, say analysts
Earnings from major companies such as HDFC, US Fed's interest rate decision and hopes of positive measures from the Budget would drive sentiment in the equity markets this week
On a relative basis, India has underperformed in six of the seven cases 30 days prior to the Budget announcement and in five out of seven cases 30 days post-Budget announcement
While the RBI was the most aggressively dovish major central bank in Asia, slashing rates by a cumulative 135 basis points last year, it paused unexpectedly in December on inflation concerns
CPI inflation at over 5-year high: RBI likely to be cautious before next rate cut; has a tough task ahead to balance growth, rising prices
With retail inflation for December at 7.35 percent, the central bank will be in a cautious mode before considering further rate cuts in policy despite a slowing economy
At a three-day conference in San Diego on an array of economic topics, one stood out: The textbook view of central banking, where low unemployment produces unwanted inflation that monetary policymakers can counter with interest-rate hikes, is at least badly hobbled if not fully broken
The one-year MCLR is used as a benchmark for setting most of the personal loans such as home and auto