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COVID-19 Impact: India facing worst recession since Independence; economy to shrink by 5% in current fiscal, says CRISIL

New Delhi: India’s fourth recession since Independence, the first since liberalisation and perhaps the worst to date, is here, CRISIL said on Tuesday as it predicted the economy to shrink by 5 percent in the current fiscal because of coronavirus lockdown. “The first quarter (April to June 2020) will suffer a staggering 25 percent contraction. […] More

by FUTURE TV May 27, 2020, 8:39 am
in BUSINESS

COVID-19 pandemic: After Oppo and Vivo, Nokia suspends production as employees test positive post-easing of lockdown measures

Nokia last week suspended operations at a telecoms gear manufacturing plant in Tamil Nadu, the company said on Tuesday, after some employees tested positive for COVID-19. Nokia did not disclose how many workers at the plant in Sriperumbudur in Tamil Nadu tested positive, but a source familiar with the matter said they were at least […] More

by FUTURE TV May 27, 2020, 8:37 am
in NEWS

The EU is still divided over coronavirus relief. That could tear it apart

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

by FUTURE TV May 26, 2020, 9:40 pm
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Trust me, Economy Will Soar in 2021

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

by FUTURE TV May 26, 2020, 6:17 am
in NEWS

One year of Narendra Modi Sarkar sequel: 10 wins and defeats worth considering

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

by FUTURE TV May 24, 2020, 1:29 pm
in NEWS

Amit Shah, Nirmala Sitharaman Attend Rajnath Singh-Led Meet On Economy

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

by FUTURE TV May 23, 2020, 9:05 pm
in BUSINESS

bankruptcies: US heading for 2nd largest bankruptcies: Edward Altman

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

by FUTURE TV May 23, 2020, 7:24 pm
in TECH 'N' GADGET

Reset and reboot after COVID-19: The pandemic is India’s opportunity to set things right for its healthcare system

“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

by FUTURE TV May 23, 2020, 2:59 pm
in BUSINESS

SBI: Economy may require one more booster dose: SBI

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

by FUTURE TV May 23, 2020, 2:02 pm
in NEWS

China’s Move to Impose New Security Law on Hong Kong Will Hurt its Economy: White House Adviser

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

by FUTURE TV May 22, 2020, 9:47 pm
in NEWS

Remember Brexit? Why Britain could really struggle to dig itself out of recession

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

by FUTURE TV May 22, 2020, 8:22 pm
in BUSINESS

Coronavirus Outbreak: RBI cuts repo rate by 40 bps to 4%; full text of Shaktikanta Das’ statement

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

by FUTURE TV May 22, 2020, 8:13 pm

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