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Indian Economy To Grow At 8.3% In 2021: World Bank
The World Bank on Tuesday slashed its 2021-22 GDP growth forecast for the Indian economy to 8.3 per cent from 10.1 per cent estimated in April, saying economic recovery is being hampered by the devastating second wave of coronavirus infections.
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Banks Have Lost Over 1,000 Employees To Covid, Many More Infected: Report
Indian banks have lost more than a thousand employees and many more are infected, according to a industry body, underscoring the heavy toll virus has taken in the country battling the world's worst coronavirus crisis.
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After Recession Warning, Government's New Moves On Economy: 10 Facts
The government today announced new measures to support the manufacturing sector and create jobs after the Reserve Bank of India said the country was set to enter a recession with estimates of another quarterly contraction. The country's economy has been badly hit by the coronavirus pandemic, with growth shrinking by a record 23.9 per cent between A...
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Remittances To India To Drop By 9% In 2020: World Bank
The World Bank on Thursday said remittances to India would fall this year by 9 per cent to $76 billion due to the ongoing coronavirus pandemic and global economic recession.
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"RBI Has Confirmed What I Have Been Warning For Months": Rahul Gandhi
Rahul Gandhi said that "distractions through media won't help the poor" as he tweeted about the Reserve Bank of India's latest warning on economic contraction amid the novel coronavirus pandemic.
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Indian Students Struggle To Access Covid-19 Hardship Funds In UK: Study
In a survey conducted among students from 28 countries across 31 universities in June at the peak of the pandemic lockdown, 54 per cent of the respondents were from India and many of them reported being rejected for hardship funds and some having to resort to free food banks to save costs.
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Indian Carmakers Offer Teaser Loans As RBI Softens Stance: Report
Carmakers Maruti Suzuki, Hyundai and Mercedes Benz are offering buyers "teaser loans", a move sources said followed a softening of the Indian central bank's stance on the products in the face of a coronavirus crisis induced economic slump.
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12 Crore Indians Lost Jobs Last Month Amid Virus Lockdown: Think Tank
At least 49 million people across the world are expected to plunge into "extreme poverty" -- those living on less than $1.90 per day -- as a direct result of the pandemic's economic destruction and India leads that projection, with the World Bank estimating some 12 million of its citizens will be pushed to the very margins this year.
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RBI Chief Shaktikanta Das To Hold Briefing At 10 AM
Reserve Bank of India (RBI) Governor Shaktikanta Das will address the media at 10:00 am. The press briefing will take place days after Finance Minister Nirmala Sitharaman gave details of the Rs 20 lakh crore economic relief package announced by Prime Minister Narendra Modito help the economy recover from the shocks linked to the coronavirus pandemi...
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TVS Welcomes RBI Measures To Revive Economy
TVS Chairman Venu Srinivasan has welcomed the central bank's measures to revive the Indian economy, in the middle of a countrywide lockdown.
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Rahul Gandhi's "Takeovers" Warning On Day China Bank Buys Stake In HDFC
Senior Congress leader Rahul Gandhi on Sunday said the economic slowdown has made Indian companies susceptible to takeovers, and demanded the "corporates" must be protected from "foreign interests".
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COVID-19 To Result In Sharp Growth Deacceleration In India: World Bank
The World Bank on Sunday said the coronavirus outbreak has severely disrupted the Indian economy, magnifying pre-existing risks to its outlook.
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Coronavirus: IIT Develops Device To Sanitise Grocery Items, Bank Notes, Delivery Packages
The Indian Institute of Technology (IIT) has developed a trunk-shaped device fitted with ultraviolet germicidal irradiation technology, which they recommend be placed at doorsteps and all items brought from outside including grocery and currency notes be put in it to sanitise them and aid the fight against COVID-19.
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Standard Chartered Bank First Entity To Fund Ventilator Prototype By IIT Kanpur
Standard Chartered Bank has come forward as the first entity to support an indigenized, affordable, portable and invasive ventilator prototype being developed by IIT Kanpur and its incubated company Nocca Robotics along with the Indian Angel Network.
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Indian Banks To Seek Relief On Bad Loans Amid Coronavirus Gloom: Report
The coronavirus pandemic has sparked concerns about a fresh surge in bad loans at India's lenders, and the industry body representing the banks plans to appeal to regulators to provide some reprieve in bad-debt classification, two sources told Reuters on Tuesday.
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Indian Economy To Grow At 8.3% In 2021: World Bank
The World Bank on Tuesday slashed its 2021-22 GDP growth forecast for the Indian economy to 8.3 per cent from 10.1 per cent estimated in April, saying economic recovery is being hampered by the devastating second wave of coronavirus infections.
-
Banks Have Lost Over 1,000 Employees To Covid, Many More Infected: Report
Indian banks have lost more than a thousand employees and many more are infected, according to a industry body, underscoring the heavy toll virus has taken in the country battling the world's worst coronavirus crisis.
-
After Recession Warning, Government's New Moves On Economy: 10 Facts
The government today announced new measures to support the manufacturing sector and create jobs after the Reserve Bank of India said the country was set to enter a recession with estimates of another quarterly contraction. The country's economy has been badly hit by the coronavirus pandemic, with growth shrinking by a record 23.9 per cent between A...
-
Remittances To India To Drop By 9% In 2020: World Bank
The World Bank on Thursday said remittances to India would fall this year by 9 per cent to $76 billion due to the ongoing coronavirus pandemic and global economic recession.
-
"RBI Has Confirmed What I Have Been Warning For Months": Rahul Gandhi
Rahul Gandhi said that "distractions through media won't help the poor" as he tweeted about the Reserve Bank of India's latest warning on economic contraction amid the novel coronavirus pandemic.
-
Indian Students Struggle To Access Covid-19 Hardship Funds In UK: Study
In a survey conducted among students from 28 countries across 31 universities in June at the peak of the pandemic lockdown, 54 per cent of the respondents were from India and many of them reported being rejected for hardship funds and some having to resort to free food banks to save costs.
-
Indian Carmakers Offer Teaser Loans As RBI Softens Stance: Report
Carmakers Maruti Suzuki, Hyundai and Mercedes Benz are offering buyers "teaser loans", a move sources said followed a softening of the Indian central bank's stance on the products in the face of a coronavirus crisis induced economic slump.
-
12 Crore Indians Lost Jobs Last Month Amid Virus Lockdown: Think Tank
At least 49 million people across the world are expected to plunge into "extreme poverty" -- those living on less than $1.90 per day -- as a direct result of the pandemic's economic destruction and India leads that projection, with the World Bank estimating some 12 million of its citizens will be pushed to the very margins this year.
-
RBI Chief Shaktikanta Das To Hold Briefing At 10 AM
Reserve Bank of India (RBI) Governor Shaktikanta Das will address the media at 10:00 am. The press briefing will take place days after Finance Minister Nirmala Sitharaman gave details of the Rs 20 lakh crore economic relief package announced by Prime Minister Narendra Modito help the economy recover from the shocks linked to the coronavirus pandemi...
-
TVS Welcomes RBI Measures To Revive Economy
TVS Chairman Venu Srinivasan has welcomed the central bank's measures to revive the Indian economy, in the middle of a countrywide lockdown.
-
Rahul Gandhi's "Takeovers" Warning On Day China Bank Buys Stake In HDFC
Senior Congress leader Rahul Gandhi on Sunday said the economic slowdown has made Indian companies susceptible to takeovers, and demanded the "corporates" must be protected from "foreign interests".
-
COVID-19 To Result In Sharp Growth Deacceleration In India: World Bank
The World Bank on Sunday said the coronavirus outbreak has severely disrupted the Indian economy, magnifying pre-existing risks to its outlook.
-
Coronavirus: IIT Develops Device To Sanitise Grocery Items, Bank Notes, Delivery Packages
The Indian Institute of Technology (IIT) has developed a trunk-shaped device fitted with ultraviolet germicidal irradiation technology, which they recommend be placed at doorsteps and all items brought from outside including grocery and currency notes be put in it to sanitise them and aid the fight against COVID-19.
-
Standard Chartered Bank First Entity To Fund Ventilator Prototype By IIT Kanpur
Standard Chartered Bank has come forward as the first entity to support an indigenized, affordable, portable and invasive ventilator prototype being developed by IIT Kanpur and its incubated company Nocca Robotics along with the Indian Angel Network.
-
Indian Banks To Seek Relief On Bad Loans Amid Coronavirus Gloom: Report
The coronavirus pandemic has sparked concerns about a fresh surge in bad loans at India's lenders, and the industry body representing the banks plans to appeal to regulators to provide some reprieve in bad-debt classification, two sources told Reuters on Tuesday.
