World economy bound to suffer ‘severe recession’: IMF

The world economy, already “sluggish” before the coronavirus outbreak, is now bound to suffer a “severe recession” in 2020, IMF chief Kristalina Georgieva has warned and said the current crisis posed “daunting challenges” for policymakers in many emerging markets and developing economies. Continue Reading

RBI promises all steps to ensure adequate liquidity in system

The Reserve Bank of India Governor Shaktikanta Das today said the central bank will ensure adequate liquidity in the system to ease the financial stress caused by the Covid-19 pandemic. Continue Reading

“Great lockdown to lead to global GDP loss of US$ 9 trillion”

Reserve Bank of India (RBI) Governor Shaktikanta Das today said that IMF Economic Counsellor has named it “The Great lockdown” estimating cumulative loss to global GDP over 2020-21 at around 9 trillion US dollars, which is greater than the economies of Japan and Germany combined. Continue Reading

RBI monitoring situation proactively: Shaktikanta Das

Reserve Bank of India Governor Shaktikantha Das today said humanity is facing the trial of its time, as COVID-19 grips the world with its deadly embrace. Continue Reading

G7 pledges to safeguard economy

Leaders of the G7 advanced economies on Monday pledged to use all their tools to safeguard the economy and help workers hurt by the coronavirus pandemic. Continue Reading

Indian economy not in recession, says IMF

The Indian economy experienced some abrupt slowdown in 2019 due to turbulence in non-banking financial institutions and major reform measures such as GST and demonetisation, but it is not in a recession, IMF Managing Director Kristalina Georgieva has said.

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Govt should make Indian aviation sector globally competitive: SpiceJet CMD

As India has emerged as one of the fastest-growing civil aviation markets of the world, it is time that the government take steps to make the aviation sector globally competitive beginning with reduction on its tax structure, the head of a low-cost airline has said.  Continue Reading

Corporate tax cut will help revive investment in India: IMF

The International Monetary Fund-supported India’s recent decision to reduce corporate income tax, saying it has a positive impact on investment. It, however, said India should address continued fiscal consolidation and secure long-term stability of the fiscal conditions. Continue Reading

IMF likely to delay bailout package to Pakistan

The IMF’s bailout package to Pakistan could be delayed as both sides are still engaged in an intense conversation to finalise the agreement and the international lending body is seeking details of the CPEC project and a written guarantee from Islamabad that its assistance will not be used to repay loans to China, according to a media report. Continue Reading