RBI rejects possibility of loan: On Wednesday, Reserve Bank of India told Supreme Court that extension of loan moratorium was not possible and would lead to downfall in nation’s economic growth. RBI submitted its statement in response to the plea filed in the apex court by various industry bodies including Association of Power Producers, Confederation ...

On Monday, Finance Minister, Nirmala Sitharaman, held a press conference to address the economic issues related to dwindling demand and disclosed government’s plans to boost Indian consumption. At the conference, held at National Media Centre, New Delhi, the FM unveiled that centre would be granting a Rs 12,000 crore interest-free 50-year loan to states for ...

As India lost thousands to the pandemic outbreak and many to hunger .caused by loss of job and loss of economic growth coupled, Congress MP Shahi Tharoor hit out at Narendra Modi led government in the Centre for its “utter mismanagement” of the coronavirus pandemic outbreak. Referring to the country’s deteriorating growth and escalating virus ...

The unprecedented conditions COVID-19 pandemic has brought is affecting all the industries across sectors alike. With restrictions being curbed slowly since lockdown 4.0, and now even further as Unlock 1.0 phase starts from June 1, the manufacturing units in various sectors are slowly coming back to operations, though still working at optimum capacity. India Inc ...

Public Health is the most important, but unfortunately the most neglected asset of any country. When public health is affected, the economy suffers in magnitude. The International Monetary Fund has put forward some dire predictions for the global economy in post- COVID days. IMF also has labeled the present global crisis as the worst slump ...

Cipla Ltd. posted a 33 percent decrease in combined net profit during the Q4 end of March 2020, despite; the company experienced the net profit of Rs 1,546.52 crore for the FY20 in comparison to FY19’s Rs 1,527.70 crore. The QoQ Comparison of the pharmaceutical giant was-net benefit/ (loss) of Rs.245.95 crores for the period ...

At a video conference on Monday with Chief Ministers of various states, Prime Minister Narendra Modi said that the lockdown would continue in some zones at different degrees after May 17. He further asked the CMs to draft their suggestions of economy revamping in their states and any other recommendations and send to Center by ...

A US-based think tank World Population Review in its report said India’s economy is the fifth largest in the world with a GDP of USD 2.94 trillion and that it is developing into an open-market economy from its previous autarkic policies. India emerged as the world’s fifth largest economy by overtaking the UK and France ...