Page 13 - International Monetary Fund

The fiscal response challenge

In terms of policy response, governments and central banks are intervening aggressively in the advanced economies

Centre seeks India Inc's view on economic revival amid Covid-19 outbreak

Key demands and suggestions include improving liquidity, cutting customs duties and goods and services tax (GST) rates, expediting all refunds and a halt on tax scrutiny

Need exceptional measures to help countries deal with Covid-19: IMF MD

The IMF last forecast the global economy would contract by 3% in 2020 due to the pandemic, marking the steepest downturn since the Great Depression of the 1930s

Statsguru: The trail of Covid-19 destruction and a resulting recession

According to the International Monetary Fund, the pandemic is expected to cause the biggest recession since the Great Depression

Small businesses still waiting for stimulus package

The fall in March trade figures is only the beginning of a trend that is likely to continue in the first quarter of this fiscal year

Covid-19: Global economic contraction in H1 of 2020 inevitable, says IMF

The IMF managing director said the immediate priority was to minimise the pandemic's human toll and economic disruption

Dangerous crossroads: Extraordinary steps have the habit of becoming habits

Printing money to fund crisis measures is not without risk; countries like the US might get away with it, but the price for excess is always greater for a developing country, writes T N Ninan

Covid-19 relief: Here are the steps taken by the RBI to fight slowdown

Among other important announcements, he announced a reduction in reverse repo rate by 25 basis points from 4 per cent earlier to 3.75 per cent now

Covid-19: India gets $5.9 mn US aid; assures Bhutan, Seychelles of help

The State Department and the US Agency for International Development have now committed nearly $508 million in emergency health, humanitarian, and economic assistance

IMF needs to maintain global financial stability amid Covid-19: Sitharaman

Sitharaman, in her intervention, outlined various measures taken by India to deal with the health emergency

Coronavirus crisis: G-20 meeting of health, finance ministers soon

However, a senior government official said on condition of anonymity that the meeting could be held in a matter of few weeks, rather than months

Can use full $1-trillion war chest for coronavirus outbreak, says IMF

In view of coronavirus crisis, the spring meeting is being held virtually-- the first one in the history of IMF and the World Bank.

Improve infra to become part of global supply chains: IMF's Ranil Salgado

The economic impact of Covid-19 is expected to be substantial, but recovery should take hold once the virus has been contained, says Salgado

28,941 samples tested on April 15, says ICMR; WHO lauds health ministry

ICMR has also issued a list of 176 government laboratories and 78 private laboratories for the coronavirus testing

G20 nations to freeze debt of world's poorest; IMF, World Bank welcome move

The actions to freeze both principal repayments and interest payments will free up more than $20 billion for the countries to spend on improving their health systems

Market Ahead, April 16: Top Factors That Could Guide Markets Today

Tech giant Tata Consultancy Services is scheduled to release its March quarter numbers and analysts see some erosion in the company's revenue due to the nationwide lockdown

Covid-19: India must ease fiscal stance amid health emergency, says IMF

Once the current economic situation improves, a more ambitious, credible medium-term fiscal consolidation path is needed to bring debt and interest expenditure down, the report said

India's reduced GDP forecasts 'too optimistic': Ex-CEA Arvind Subramanian

Subramanian, along with public policy expert Devesh Kapur of Johns Hopkins University, was speaking at a webinar organised by National Council of Applied Economic Research.

India GDP projections by World Bank, IMF too optimistic: Ex-CEA Subramanian

As per the World Bank's latest assessment, India is expected to grow 1.5 per cent to 2.8 per cent during the current fiscal due to the impact of the Covid-19 pandemic and consequent lockdown

Market Ahead, April 15: All You Need To Know Before The Opening Bell

Wipro is slated to announce its Q4 numbers later in the day and most brokerages expect the company's revenue growth to come in at the lower end of the guided range of 0-2 per cent