The 1991 economic reforms lifted millions out of poverty, unleashed the spirit of free enterprises, and catapulted India into a $3 trillion economy but the road ahead is even more daunting than the 1991 crisis, former Prime Minister Dr Manmohan Singh has said. Continue Reading
India’s economy contracted by less-than-expected 7.3 per cent in the fiscal year ended March 2021 after growth rate picked up in the fourth quarter, just before the world’s worst outbreak of coronavirus infections hit the country. Continue Reading
The Telecom industry, which facilitated wide-spread digital adoption during the pandemic, continues to be financially stressed and seeks government support on issues like liquidity, rationalisation of levies, AGR and spectrum pricing, according to COAI. Continue Reading
India’s economy is expected to recover early next year from recession, but at a modest pace, according to a majority of economists in a Reuters poll who said their upgraded growth predictions were based on the progress of Covid-19 vaccines. Continue Reading
As India moves forward with precautions to help the economy bounce back amid the pandemic, nearly 24 lakh aspiring students are set to appear for JEE-Main and NEET 2020 exams, with many hailing from smaller towns and cities. Continue Reading
Covid-19 battered India’s economy is projected to contract by 4.5 per cent this fiscal, said the International Monetary Fund. Continue Reading
The World Bank has said India’s economy will shrink by 3.2 per cent in the current fiscal. Continue Reading
The country’s largest lender State Bank of India (SBI) today said it has reduced its marginal cost of fund-based lending rate (MCLR) by up to 15 basis points across various tenors, effective 10 March. Continue Reading
The Anil Ambani-controlled Reliance Capital group firm Reliance Home Finance has defaulted on loan repayment of Rs 40.08 crore in February, it said in a regulatory filing. Continue Reading
In the aftermath of Yes Bank crisis, Private sector lender RBL Bank today said it is ‘well capitalised’ and there is no adverse change in its asset quality. The statement comes in the wake of the Yes Bank crisis, following which stock prices of various banks went sharply down. Continue Reading