Economy

London discusses CBILS details The Economic Team at the High Commission of India in London is ready to assist businesses across the United Kingdom, High Commissioner Ruchi Ghanashyam has assured. "We are finding new ways of working and organising efforts...

India set for bumper Rabi harvest There is going to be perceptible change in the global supply-chains post COVID-19 and India should work to capture significant share of the world trade. This was a message given by Commerce and Industry...

Act fast on new possibilities, Vietnamese envoy Though the COVID-19 pandemic will have a long-term impact on education and healthcare, it cannot stop or reverse globalization and local economic cooperation especially of India and Vietnam. Making this clear, Vietnam Ambassador...

Banks remain risk averse RBI announcement of special liquidity facility for mutual funds is positive as it is likely to reduce the volatility in bond yields arising out of increased sale of debt investments by the fund houses to meet...

Govt to ensure proper functioning of ports In order to turn the COVID-19 crisis into opportunity, the maritime associations and FICCI have been asked to jointly prepare a comprehensive strategy and mechanism for the shipping ministry to take decisive action...

Govt revenue will dwindle Given the extent of the damage to the economy from the disruption to business, the GDP growth in FY21 will likely be the lowest in many decades, according to Chandrajit Banerjee, Director General, Confederation of Indian...

Significant stimulus to boost industry morale A significant stimulus of Rs.16 lakh crores, which is 7% of GDP, would help the economy to grow more than 4% in the current financial year 2020-21 and convert the U shape recovery into...

Agri Ministers to cooperate on food The Government has exempted all agriculture operations during lockdown period, ensuring continued availability of essential agriculture produce and supply, while adhering to protocol of social distancing, health and hygiene. Agriculture Minister Narendra Singh Tomar...

Reddy calls for immediate sizeable support for industry Indian businesses are pushing back plans on fund-raising, investments and expansion are being pushed back, according to Dinesh Kanabar, CEO, Dhruva Advisors, who commented on a 380-company survey on COVID-19 pandemic impacts...

Economy blessed with internal consumption While the world tries to revive weakening economies, the investment case for India has only strengthened under the current circumstances, even though these are largely made worse by COVID-19. India's main attraction as an investment...