NEW DELHI: India will have to put in war-time like prioritisation measures in order to make use of the limited fiscal space in dealing with the Covid-19 fallout, said Sajjid Chinoy, chief economist at JP Morgan and a part-time member of the Prime Minister’s Economic Advisory Council. India’s fiscal response […]
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Mumbai: The health ministry has recommended specific actions that need to be carried out in coronavirus hotspots to suppress the spread of Covid-19, including stricter perimeter controls around such areas and testing of all suspect cases. The ministry released its revised national Covid-19 containment plan on Friday, with the objective […]
Mumbai: Surplus cash in the banking system has surged to as much as Rs 4.74 lakh crore, surpassing liquidity levels seen four years ago during the demonetisation period. But, the liquidity glut is not bringing interest rates down, as risk-averse banks stay off from fresh loans amid an alarming Covid-19 […]
The coronavirus pandemic and the resulting lockdowns on Monday led a foreign brokerage to sharply cut India’s growth forecast for the next financial year starting April 1, to 4 per cent from the 5.1 per cent estimated earlier. In a note, UBS Securities said it expects India to clock a […]
Delhi chief minister, Arvind Kejriwal today announced slew of measures to counter the rapid spread of novel coronavirus. He announced a complete lockdown from 6 am tomorrow till midnight of March 31. No public transport services including private buses, autos, e-rickshaws will be allowed during the lockdown period in Delhi. […]
By Anirban Nag and Vrishti Beniwal India’s central bank pledged to use its record $481 billion foreign-currency arsenal to stem a market rout that’s threatening growth in an already-slowing economy. The Reserve Bank of India wants to keep the rupee stable and will continue using long-term repurchase operations and other […]