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  Expect normalcy to return in second half of the year: RBI Guv Shaktikanta Das

  Business | May 22, 2020 17:13 IST

  RBI Governor Shaktikanta Das in a presser amid lockdown situation in the country due to the outbreak of coronavirus which has impacted businesses at large said that they are expecting normalcy to return in the second half of the year.

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  Rolling 50/30 day cycles of lockdown, relaxation can help manage COVID-19, sustain economy: Study

  Science | May 20, 2020 12:31 IST

  Scientists, including one of Indian-origin, have shown that an alternating cycle of 50 days of strict lockdown followed by 30 days of easing can effectively reduce the number of COVID-19-related deaths, and lower admissions to intensive care units in hospitals. 

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  Borrowing limit of states raised from 3 to 5% of Gross State Domestic Product

  Business | May 17, 2020 13:30 IST

  Finance Minister Nirmala Sitharaman on Sunday said that the government has raised the borrowing limit of states from 3 per cent of Gross State Domestic Product to 5 per cent in 2020-21. This will add an extra availibility of Rs 4.28 lakh crore for the states.

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  Govt announces additional Rs 40,000 crore for MNREGA to create additional jobs

  Business | May 17, 2020 13:28 IST

  Announcing the fifth and final tranche of government's Rs 20 lakh crore economic stimulus package, Finance Minister Nirmala Sitharaman on Sunday said that the government has allocated additional Rs 40,000 crore over and above Rs 61,000 crore budgeted for MGNREGA to generate more jobs.

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  FM Sitharaman announces 7-step booster for economy

  Business | May 17, 2020 13:36 IST

  Finance Minister Nirmala Sitharaman on Sunday announced measures taken by the government to boost economic activity in 7 sectors amid COVID-19 outbreak situation in the country.

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  'Give cash rather than credit', Rahul Gandhi appeals to govt

  India | May 16, 2020 15:12 IST

  Congress leader Rahul Gandhi on Saturday said the Centre should stop acting like a "money lender" for its children by giving them credit instead of cash, and asked Prime Minister Narendra Modi to reconsider the COVID-19 economic stimulus package.

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  Nirmala Sitharaman press conference: Highlights

  Business | May 15, 2020 18:47 IST

  Finance Minister Nirmala Sitharaman addressed a press conference on Friday to announce the third tranche of government's economic stimulus package.

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  Big benefit for those earning Rs 6 to Rs 18 lakh: Credit linked subsidy extended till Mar 2021

  Business | May 14, 2020 20:30 IST

  For middle-income group for people between the income of Rs 6 lakh to 18 lakh, the government has extended the credit-linked subsidy scheme up to March 2021; 2.5 lakhs middle income families to benefit during 2020-21, Finance Minister Nirmala Sitharaman said.

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  Sitharaman presser on 2nd tranche of economic stimulus package | LIVE

  Business | May 14, 2020 17:18 IST

  Earlier on Wednesday, Sitharaman laid out details of Modi government's Rs 20 lakh crore economic stimulus package which included Rs 30,000 crore Special Liquidity Scheme for non-banking financial companies, microfinance companies, housing finance companies; Rs 45,000 crore liquidity infusion through a Partial Credit Guarantee Scheme 2.0 for NBFCs.

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  Economic activities cannot be blocked for long: Gujarat CM

  India | May 11, 2020 18:31 IST

  Gujarat Chief Minister Vijay Rupani on Monday said that the economic activities in the country can not be blocked for a long time and the lockdown should be limited to containment zones with strict implementation.

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  Economy requires Rs 4.5 lakh crore fiscal support at current juncture: Ficci to FM

  Business | May 11, 2020 17:39 IST

  Seeking immediate support for the Indian economy hit by COVID-19, industry body Ficci said an additional fiscal support of Rs 4.5 lakh crore is required at the current juncture besides a quick release of Rs 2.5 lakh crore stuck in refunds and other government payments.

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  US economy will bounce back despite getting 'biggest negative shock': White House officials

  World | May 11, 2020 14:55 IST

  The US economy will bounce back and have a "great year" in 2021 despite receiving the "biggest negative shock" due to the coronavirus pandemic that has left a record 33 million workers jobless, senior Trump administration officials have said.

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  FM Sitharaman's meeting with heads of public sector banks gets deferred

  Business | May 11, 2020 11:32 IST

  The review meeting of Finance Minister Nirmala Sitharaman with CEOs of public sector banks (PSBs) scheduled for Monday has been postponed.

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  Madhya Pradesh changes labour laws to spur economy

  India | May 08, 2020 8:49 IST

  Madhya Pradesh Chief Minister Shivraj Singh Chouhan announced wide-ranging changes in labour laws to stimulate economic activity in the state.

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  Auto cos face extended slowdown, sales to cross lower FY20 numbers only by FY24

  Auto | May 07, 2020 15:41 IST

  Automobile makers are in for tough period at least in the short to medium term as the period of poor sales is expected to continue well into the first half of current fiscal year with only a moderate recovery thereafter. 

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  In televised town hall, Trump pushes for economic reopening

  World | May 04, 2020 10:12 IST

  Anxious to spur an economic recovery without risking lives, President Donald Trump on Sunday insisted that “you can satisfy both” — see states gradually lift lockdowns while also protecting people from the coronavirus pandemic that has killed more than 60,000 Americans.

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  PM discusses potential economic reforms in mines and coal sectors to boost economy

  Business | April 30, 2020 21:42 IST

  Prime Minister Narendra Modi on Thursday held a "detailed" meeting to discuss the potential economic reforms in the mines and coal sectors to give a boost to the economy in the backdrop of the COVID-19 pandemic.

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  PM holds meeting to discuss strategies to attract more foreign investments, boost economy

  Business | April 30, 2020 21:13 IST

  Prime Minister Narendra Modi on Thursday held a "comprehensive" meeting to discuss strategies to attract more foreign investments into India as well as to promote local investments in order to give a boost to the economy against the backdrop of the COVID-19 pandemic.

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  Raghuram Rajan says India can take global leadership role in fight against coronavirus

  Business | April 30, 2020 14:18 IST

  Former RBI Governor Raghuram Rajan has said that India can take global leadership role in fight against the coronavirus. Responding to former Congress chief Rahul Gandhi on one of his questions, Rajan said India would needs Rs 65,000 crore to help the poor in the times of pandemic and considering its total GDP, it can afford to do that.

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  HDFC acquires 6.43 per cent stake in Reliance Capital

  Business | April 25, 2020 14:54 IST

  Mortgage lender HDFC on Saturday said it has acquired 6.43 per cent stake in debt-trapped Reliance Capital by invoking pledged shares.