Covid has resulted in largest global economic contraction in 80 years: World Bank & IMF

The World Bank and the International Monetary Fund have said the global economic contraction caused by Covid-19 pandemic is the largest in the last eight decades. Continue Reading

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