Economy News

'Violation of WTO principles': China cries foul over India's new FDI rules to curb foreign takeovers

The response from China came after the Indian government amended its extant Foreign Direct Investment (FDI) policy to stop "opportunistic takeovers or acquisition" of Indian companies due to the COVID-19 pandemic.

Apr 20, 2020

Has India thwarted China's economic takeover of Indian companies by tweaking FDI rules?

It is to be noted that India is not the only country that is reviewing its foreign investments in the wake of Chinese companies raising stakes all across the globe.

Apr 19, 2020

Liquidity boost, flow of credit: Full text of RBI's announcement on Covid-19 crisis

Appreciating the work of the medical staff, police force and all others working during this pandemic crisis, the Reserve Bank has released its latest announcement on its assessment of the current economic situation.

Apr 17, 2020

Hobbled by coronavirus, China's first-quarter GDP shrinks for first time since 1992

China's economy shrank in the March quarter for the first time since current records began almost three decades ago, as the coronavirus shut down factories and shopping malls and put millions out of work.

Apr 17, 2020

RBI cuts reverse repo rate from 4% to 3.75% in bid to spur bank lending

In a speech, RBI Governor Shaktikanta Das said the central bank had cut its reverse repo rate to 3.75% with immediate effect.

Apr 17, 2020

Coronavirus impact: Global economy on track, could shrink by 3% in 2020, says IMF

The IMF, in its 2020 World Economic Outlook, predicted a partial rebound in 2021, with the world economy growing at a 5.8 per cent rate, but said its forecasts were marked by "extreme uncertainty" and that outcomes could be far worse, depending on the course of the pandemic.

Apr 15, 2020

India must act quickly and attract foreign companies exiting China

Once the COVID-19 situation stabilizes, India could be able to pull up economy through foreign investments as companies move out of China more hurriedly.

Apr 14, 2020

From MSME liquidity crisis to tapping RBI reserves, Mohandas Pai serves it hot

T V Mohandas Pai cited examples of the measures taken by the US Fed and the UK government to help businesses tide over the Covid-19 crisis.

Apr 14, 2020

Explained: China fast buying stocks of major Asian FIs as markets fall

Amidst rise in coronavirus cases and a steep decline in stock prices, China is on a purchasing spree - buying stocks of companies and major financial institutions across Asia since January. Why? What's the rebound plan of China to bring back its financial stability and claim economic status globally? We deliberate here.

Apr 13, 2020

Coronavirus layoffs: Indian H-1B visa holders leave US in 60 days

Coronavirus outbreak has pushed global economies to a state of recession. In efforts to stabilise the economy in crisis, the US government has decided to lay off Indians employed under the H1B visa category in the country.

Apr 7, 2020

Unemployment rate in India for March 2020

Lockdown impact on jobs: Unemployment rate in India at an all-time high of over 23%, worst in 43 months

As of today, the findings released by CMIE indicate a sharp rise in unemployment at over 23 percent. The unemployment rate in March was 8.7 per cent, which is the highest recorded in the last 43 months or since September 2016, post demonetization.

Apr 7, 2020

As the country completes 10 days of lockdown, India Inc still awaits fiscal package

As the government plays the wait and watch game, there is a brewing sense of frustration among India Inc.

Apr 5, 2020

Questioning accuracy of India's GDP growth rate projections: Should you believe the numbers?

Bringing to your notice, the government has reduced the base to show higher GDP growth rate under the Modi government leadership in the recent past. As recently, KPMG also released a Covid-19 impact report on the Indian economy taking into account, perhaps the inaccurate numbers released by MOSPI through time as the base. We question the GDP calculation methodologies established and fundamentals in place, to understand if the growth numbers projected are accurate or not.

Apr 4, 2020

Explained: Coronavirus impact on auto, aviation, tourism and other industries in India

The growth in most sectors, including aviation, tourism, automobile and several others has seen a downward trend. The Moody's has changed the outlook of Indian banks to negative from stable and India Ratings has cut the country's GDP forecast to 3.6 per cent from 5.5 per cent for FY21.

Apr 2, 2020

RBI turns 85: Here's a look at its roller coaster ride over the years

The RBI was set up on April 1, 1935, by the British to settle the issue of Remittance between the UK government and its officers serving in India. Here are some events over the years.

Apr 1, 2020

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Economy News

'Violation of WTO principles': China cries foul over India's new FDI rules to curb foreign takeovers

Has India thwarted China's economic takeover of Indian companies by tweaking FDI rules?

Liquidity boost, flow of credit: Full text of RBI's announcement on Covid-19 crisis

Hobbled by coronavirus, China's first-quarter GDP shrinks for first time since 1992

RBI cuts reverse repo rate from 4% to 3.75% in bid to spur bank lending

Coronavirus impact: Global economy on track, could shrink by 3% in 2020, says IMF

India must act quickly and attract foreign companies exiting China

From MSME liquidity crisis to tapping RBI reserves, Mohandas Pai serves it hot

Explained: China fast buying stocks of major Asian FIs as markets fall

Coronavirus layoffs: Indian H-1B visa holders leave US in 60 days

Lockdown impact on jobs: Unemployment rate in India at an all-time high of over 23%, worst in 43 months

As the country completes 10 days of lockdown, India Inc still awaits fiscal package

Questioning accuracy of India's GDP growth rate projections: Should you believe the numbers?

Explained: Coronavirus impact on auto, aviation, tourism and other industries in India

RBI turns 85: Here's a look at its roller coaster ride over the years

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react