On Wednesday, European Commission President Ursula von der Leyen is due to unveil her proposal for digging Europe out of a historic recession alongside plans for a long-term EU budget. But deep divisions between member states still need to be bridged, raising the risk that urgently needed relief could be held up. The rift complicates […] More
File photo of US President Donald Trump. (Image: Reuters) Trump asked voters to look past the pain being felt across the nation and give him another four-year term on the promise of an economic comeback in 2021. Associated Press Last Updated: May 25, 2020, 9:13 PM IST President Donald Trump has […] More
Sachin Tendulkar’s second innings were often disappointing. Men In Black, Grease, Caddyshack, Basic Instinct, Taken, Exorcist, Transformers, Jaws and many blockbusters had forgettably underwhelming sequels. But none can accuse the 366 days of Modi Sarkar 2.0 of being boring. It crashed into our collective consciousness like a fireball with the scrapping of Article 370 and […] More
Defence Minister Rajnath Singh chairs GoM meet on economy, coronavirus package (File) New Delhi: Defence Minister Rajnath Singh is chairing a Group of Ministers (GoM) meeting in Delhi to discuss execution of the government’s Rs 20 lakh crore relief package for the coronavirus-hit Indian economy. Sources have told NDTV aid to MSMEs (micro, medium and […] More
There is no question that the global economy is now in a financial crisis, perhaps unprecedented in its type and quite different than the one in 2008-2009, says professor at NYU Stern and co-founder of Wiserfunding. Especially at a time when there have been so many predictions going around in terms of how deep this […] More
“Healthcare is broken and needs to be fixed” This has been the rallying cry in all parts of the world before we were all thrown into a pandemic. It was heard in countries that had nationalized healthcare and private healthcare or a mix of both. The pandemic has reinforced that belief even more since no […] More
Once the economic data starts coming out and we understand the gravity of the situation, we may need to reassess and possibly support the economy at a later point, says SK Ghosh, Group CEA. What is your take on what has been said and assumed but today certified by the RBI Governor that India will […] More
File photo of White House. (Image: Reuters) White House economic adviser Kevin Hassett also warned China that Washington could take action in response to the move. Reuters Last Updated: May 22, 2020, 9:38 PM IST White House economic adviser Kevin Hassett on Friday said Beijing’s move to impose a new security […] More
Yet the United Kingdom is also racing toward a self-imposed deadline to construct a post-Brexit trade agreement with the European Union, its single biggest market for exports, by the end of the year. Talks are not going well — raising the possibility of another major shock just as the expected economic recovery gains momentum. “The […] More
The Reserve Bank of India Governor Shaktikanta Das on Friday said the central bank reduced the repo rate by 40 bps to 4 percent to ease the financial stress caused by the Covid-19 pandemic. After an off-cycle meeting of the monetary policy committee over the last three days, MPC voted to reduce repo rate by […] More
Mumbai: The Reserve Bank on Friday announced a Rs 15,000-crore line of credit to the Export-Import Bank of India, to help the sagging foreign trade. The central bank said Export-Import Bank of India (EXIM Bank) depends on foreign currency borrowings for its operations and as a result of the COVID-19 pandemic, it is unable to […] More
The Reserve Bank of India (RBI) on Friday slashed its key policy rate for a second time this year in an emergency meeting to counter the economic fallout from an ongoing nationwide lockdown to contain the spread of the coronavirus. The central bank cut the repo rate by 40 basis points to 4 percent. The […] More
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