The government's Chief Economic Adviser K.V. Subramanian on Sunday said that India's banking system is proportionately smaller than the size of the economy and it needs to grow for the country to become a $5 trillion economy.
In a heartwarming gesture, MS Dhoni gave up his business class seat for CSK's director, while himself sitting on an economy class seat.
North Korea will hold a rare ruling party congress in January where leader Kim Jong Un will announce a new five-year plan to develop the country’s dismal economy ravaged by U.S.-led sanctions and the coronavirus pandemic, state media said Thursday.
Japan’s economy shrank at annual rate of 27.8% in April-June, the worst contraction on record, as the coronavirus pandemic slammed consumption and trade, according to government data released Monday.
Steel demand is expected to decline significantly in 2020-21 in line with a projected contraction in the global economy due to the impact of coronavirus pandemic, Tata Steel has said in its annual report.
Hindalco Industries Chairman Kumar Mangalam Birla has said COVID-19 and associated lockdowns have triggered a once in-a-century crisis for the society and the economy and the country's GDP may contract in 2020-21.
The U.K. economy has officially fallen into a recession after official figures showed it contracting by a record 20.4% in the second quarter as a result of lockdown measures put in place to counter the coronavirus pandemic.
Infosys co-founder NR Narayan Murthy has made three big suggestions as a way forward for the economy hit by coronavirus pandemic. Murthy says GDP numbers are really worrisome and has come up with a three-point formula.
Prime Minister Narendra Modi will be addressing the nation on August 15, India's 74th Independence Day, from the ramparts of the Red Fort.
Prime Minister Narendra Modi spoke to the Andamanese people via the digital mode amid the Covid-19 pandemic on Sunday.
Delhi Chief Minister Arvind Kejriwal briefed about Electric Vehicle Policy's objective on August 07 and assured that it will give boost to Delhi's economy during the unprecedented times of coronavirus.
Rajan said that because of the slide in the growth over the last few years, India entered the current crisis in a more "debilitated" state as compared to its peers.
The U.S. economy shrank at a dizzying 32.9 per cent annual rate in the April-June quarter — by far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7%.
The Union Minister of State (Independent Charge) Development of North Eastern Region, Jitendra Singh took a review meeting through interactive video conferencing.
Indian Railways - held as the lifeline of the country- for being the principal mode of transportation in the country has brought massive news that raises hopes of a revival of the pandemic-battered economy.
Indian professionals are increasingly becoming optimistic as businesses slowly reopened last month and resulted in better hiring prospects across varied industries such as e-commerce, IT services, insurance and gaming, a survey said on Tuesday.
India will see a sharp V-shaped recovery in the third and fourth quarter of the current fiscal, but FY21 GDP growth would ultimately be in negative territory as the coronavirus lockdown led to serious demand and supply dislocations, 15th Finance Commission Chairman N K Singh said on Monday.
Arvind Kejriwal Government is gearing up to take measures to revive Delhi's lockdown-hit economy. He is likely to announce a series of initiatives in the next few days. Kejriwal has received several suggestions from economists and representatives from trade industry for the economic revival of national.
The RBI had earlier said the country's GDP will contract in FY21, but did not give any number on the same, even as analysts are pegging a negative growth of up to 9.5 per cent.
Prime Minister Narendra Modi has been keeping a close eye on all major issues concerning the nation. Back-to-back meetings are being held.
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