The world over various countries are in different stages of opening up after going through a complete lockdown for 60-90 days.
State Bank of India's chief economic advisor Soumya Kanti Ghosh said GDP for one quarter had been lost, amounting to Rs 40-50 trillion, due to the coronavirus crisis
For the countries in developing Asia, ADB forecasts growth of 0.1 per cent for the region in 2020
As markets realise that it will take a long time for the economy to revive and things coming back to normal, they will drift lower.
Gujarat Chief Minister Vijay Rupani also responded to Guha's tweet saying that Indians would not fall for "tricks" of dividing them
Now all three rating agencies, Moody's, Fitch and S&P have the lowest investment grade rating for India
Yogendra Yadav later clarified that the suggestion to treat all private assets as national resources had been wrongly interpreted as nationalisation of private property
Exports shrank by 60% in April as the monthwide lockdown restricted outflow of goods
Last week, the government raised its market borrowing programme by a whopping 54 per cent of the Budget estimate to Rs 12 trillion for the current fiscal to fund a comprehensive stimulus package
At present, 24 per cent of a worker's basic pay is deducted - with 12 per cent each counted as employer's and employee's share - towards the EPF savings
Committee will assess sectoral and sub-sectoral losses, may also go for fiscal restructuring post Covid-19
Domestic stocks advanced in early trade which supported the rupee. The key indices Sensex and Nifty, however, closed marginally down due to sell-off in financial counters
Chief ministers are likely to push for allowing economic activities to resume slowly, as the centre weighs a graded exit from the 54-day lockdown
The Centre must give states the freedom to spend more, respecting India's federal structure, Basu said
From now on, the system should open up systematically as people's financial cushions could vanish soon, he says
45 per cent of the CEOs polled feel it will take over a year to achieve economic normalcy once the lockdown ends
Impact of over-leveraging by companies on the banking sector and disruption caused by Covid-19 make for extremely unpredictable times
Experts say while the decision is positive, it may not make any significant contribution
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He also suggested that the government should directly borrow it from the RBI instead of borrowing from the market