Financial sector players have said that Reserve Bank of India’s (RBI) decision for keeping the key repo rate unchanged is an accommodative approach to manage inflation while keeping growth as target, amid the current economic conditions, PTI reports. “It also decided to continue with the accommodative stance of monetary policy as long as necessary at least
After contracting for six straight months, the country’s exports rose 5.99% to $27.58 billion in September on account of growth in shipments of drugs and pharmaceuticals and readymade garments, PTI reports quoting the latest government data. Exports stood at $26.02 billion in September 2019. The country’s imports contracted 19.6% to $30.31 billion in September. It
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,
Union Minister Jitendra Singh has said that the country will be an important pillar of the post-coronavirus global economic recovery and that the road map for winning the battle against the pandemic lies in countries restarting the economy and strengthening cooperative federalism, PTI reports. Addressing an event, he said that India has set the tone
All Micro, Small and Medium Enterprises (MSME) borrower accounts with an outstanding credit of up to Rs 25 crore as on February 29, which were less than or equal to 60 days past due as on that date, ie, regular, SMA-0 and SMA-1 accounts, and with an annual turnover of up to Rs 100 crore
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
A large number of Micro, Small & Medium Enterprises (MSMEs) has approached banks for collateral-free loans to steer their businesses out of the crisis triggered by Covid-19 pandemic, PTI reports quoting a Care Ratings survey. According to the Care Ratings survey, about 70% of the MSME respondents have approached banks for availing collateral-free and government-guaranteed
The country requires foreign direct investments (FDI) of Rs 50-60 lakh crore, which can be tapped primarily by infrastructure projects as well as Micro, Small & Medium Enterprises (MSME) sector to boost coronavirus-hit economy, said Nitin Gadkari, the Union Minister for the Road Transport, Highways and MSME. Underscoring the need of FDI as the need
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
The domestic real estate is bracing itself for a very new post-Covid-19 world. One significant trend may be reverse migration spurring housing demand in tier-II and III cities, according to the latest report by real estate consultancy firm Anarock Property Consultants. According to Anarock’s report titled ‘India Real Estate: A Different World Post COVID-19‘, currently, the
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