Economy

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Global Economy to contract by 5.2% in 2020: Report

The global economy is likely to contract by 5.2% in 2020 with the coronavirus still spreading and the economic prospects of countries across the world looking muted, PTI reports quoting a Dun and Bradstreet’s Country Risk and Global Outlook Report. According to Dun and Bradstreet’s Country Risk and Global Outlook Report, that covered 132 countries,

  • August 21, 2020
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Economy Started Recovering from June: SBI Chairman Rajnish Kumar

India’s economy that saw a disruption triggered by the novel coronavirus, has begun recovering from June, PTI reported State Bank of India chairman Rajnish Kumar as saying. However, he said that at least three to four months would be needed to observe the recovery trend. “Covid-19 has caused gigantic disruption of the Indian economy along

  • August 3, 2020
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Indian Economy has Started Showing Signs of Going Back to Normalcy: RBI Governor

The domestic economy has begun showing signs of normalcy with the ease in lockdown restrictions across the country, PTI reports RBI Governor Shaktikanta Das as saying. Das added that post containment of Covid-19, a very careful trajectory has to be followed in the orderly unwinding of countercyclical regulatory measures. The financial sector should return to

  • July 18, 2020
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Reforms will Revive Economy: Niti Aayog’s Rajiv Kumar

The country’s economy will witness a recovery after the containment of Covid-19 pandemic, as well as the ongoing reforms directed at keeping India’s growth rate ahead of peers, PTI has reported Niti Aayog vice-chairman Rajiv Kumar as saying. “India’s economy will recover following the containment of the Covid-19 pandemic. India’s strong democratic institutions promote policy

  • July 1, 2020
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India to be the Fastest Growing Major Economy: IMF

The International Monetary Fund (IMF) projects India to be the fastest growing major economy this year in a world plunged into a recession by the coronavirus pandemic, despite drastically slashing its growth rate to a paltry 1.9%. The World Economic Outlook (WEO) report released by chief economist Gita Gopinath expects India to rebound in the

  • April 22, 2020
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RBI
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Structural Reforms Must Continue to Support the Economy: RBI

RBI Governor Shaktikanta Das has said that on the back of countercyclical measures undertaken by the government, structural reforms need to be continued to revive demand and support the economy. Also, green shoots are now visible and need to be sustained to pull India out of its current slowdown. In an interview with PTI, Das

  • March 4, 2020
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Mohit Goel, CEO - Omaxe Ltd.
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Reduction in corporate tax a decisive measure: Mohit Goel, CEO – Omaxe Ltd.

We wholeheartedly congratulate the honourable Finance Minister Nirmala Sitharaman for announcing such a bold and decisive measure. This was a long-standing demand of the Indian corporates including the real estate sector. We believe the decision will go a long way in reinvigorating the manufacturing sector in particular in line with make in India initiative of

  • September 23, 2019
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