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Latest Articles in economy

NAREDCO Seeks $200-300 Billion Economic Package From Union Government

NAREDCO is also requesting government to lift ban on work at construction sites

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Industry Bodies Call For Phased Opening Of Economy With Healthy Stimulus Dose

COVID-19 is a global health and economic crisis with an abrupt halt of activity across nations which has deeply slowed down consumption, said FICCI's Secretary General Dilip Chenoy.

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COVID-19 Has Demolished The Economy, Exposed Several Fault Lines

Our slowing economy is likely to go into a tailspin, even snowball. We will experience increasing unemployment, dwindling assets, and diminished savings, rendering many economically scarred for life.

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Containing The Likely Fallouts Of Covid-19 On Indian Economy

Will the consumer hold money in anticipation of further risks or will the bulls return to trigger spending of non-essential goods and services? Nobody can accurately predict.

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Thailand Announces $58 Billion Plan To Mitigate Coronavirus Impact

The central bank will also reduce financial institutions' payment to the Financial Institutions Development Fund (FIDF) for two years to 0.23% of deposits per annum from 0.46%.

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Euro Zone Ministers Focus On Quick Options To Support Economy

The standby credit line from the European Stability Mechanism (ESM) could be up to 2% of the requesting country's GDP, be available for 12 to 24 months and, if drawn upon, have a maturity of 5-10 years.

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RBI Announces Further Measures To Deal With COVID-19 Pandemic

The RBI has increased ways and means advances limit by 30 per cent from the existing limit for all states and union territories to enable them tide over the situation arising from the outbreak of COVID-19 pandemic.

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China Factory Activity Unexpectedly Expands, But Economy Cannot Shake Off Virus Shock

China's urban jobless rate hit 6.2% in February, up one percentage point from the end of 2019, with analysts estimating about 5 million jobs lost in January-February period.

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Is It A Viable Method To Shield The Country's Economy From The Impact Of The Global Epidemic?

It is a rarest of rare situation in written history of human race, may be it will give new opportunities to grow in future.

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China's Industrial Firms Post Steepest Fall In Profits In A Decade

Profits earned by Chinese industrial firms in the first two months dropped 38.3% from a year earlier to 410.7 billion yuan ($58.15 billion), worsening from a 6.3% fall seen in December,

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Trade Bellwether Singapore Signals Deep Recession For World As Virus Batters Economy

The data prompted the trade ministry to cut its 2020 GDP forecast range to -4% to -1%, from a previous range of -0.5% to 1.5%, and firmed up investors' bets for imminent fiscal and monetary stimulus.

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Singapore Flags Deep Recession As Coronavirus Shrinks Economy In First Quarter

The economy of the Asian financial and trading hub shrank 2.2% in the first quarter from a year earlier, preliminary readings from the Ministry of Trade and Industry showed.

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Decoding The Impact Of Coronavirus

The biggest challenge will be to revive the economy and put it back on the path to recovery.

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G20 Watchdog Urges Flexibility For Banks To Help Virus-Hit Economy

The FSB coordinates financial rules for the Group of 20 Economies (G20) and said the global financial system was in better shape to cope with market stress caused by coronavirus than it was in the financial crisis a decade ago.

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Hardly Any Impact Of Global Economic Slowdown On Defence Procurement: Rajnath Singh

"The procurement procedure will be for the next five years. Also, we can't rule out a possibility that the economy will improve in the next 2 to 4-5 months."

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