RBI Monetary Policy Committee keeps interest rates unchanged

The central bank said it will enhance liquidity support for financial markets, ease financial stress caused by the coronavirus and strengthen credit discipline.

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· 15 hours ago

Manmohan Singh warns against deficit monetisation, urges BJP to rebuild confidence to revive economy

The former prime minister said India’s economic contraction will have a ‘deleterious impact’ on the poor.

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· Aug 03, 2020 · 12:11 pm

ICRA projects Indian economy to contract 9.5% in 2020-’21, cites rising coronavirus cases, lockdown

The rating agency said the economic impact would also be more uneven as different regions move in and out of lockdowns.

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· Jul 17, 2020 · 01:09 pm

Wholesale price inflation contracts for third straight month in June by 1.81%

The rate of deflation in May and April was 3.21% and 1.57%.

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· Jul 14, 2020 · 07:01 pm

Google will invest Rs 75,000 crore to accelerate India’s digital economy, announces Sundar Pichai

The chief executive officer said this would be done over the next five to seven years through equity investments and tie-ups.

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· Jul 13, 2020 · 02:52 pm

Centre suspends release of industrial output data for second straight month, cites lockdown

The government instead released quick estimates of the Index of Industrial Production, which showed the index value at 88.4 in May against 53.6 in April.

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· Jul 10, 2020 · 09:04 pm

Rahul Gandhi says ‘economic mismanagement’ by Centre will destroy ‘millions of families’

The Congress leader used a report released by the Centre for Monitoring Indian Economy

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· Jul 07, 2020 · 10:34 pm

India’s core sector output shrank 23.4% in May, shows government data

Except fertiliser, there was a massive drop in production in all seven sectors of coal, crude oil, natural gas, refinery products, steel, cement, electricity.

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· Jul 01, 2020 · 10:59 am

Fitch lowers India’s outlook, says BJP’s Hindu nationalist agenda may distract from economic reform

The American agency revised its outlook on India’s economy from stable to negative, attributing the weakened growth to the coronavirus outbreak.

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· Jun 18, 2020 · 12:50 pm

Wholesale price inflation fell by 3.21% in May, shows data

This was lower than the 2.79% recorded during the corresponding month the previous year.

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· Jun 15, 2020 · 12:43 pm

Covid-19: World Bank lowers India’s growth outlook, says economy will shrink by 3.2%

The bank had in January lowered its projection for India’s economic growth from 6% to 5% in 2019-’20 fiscal year.

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· Jun 08, 2020 · 11:22 pm

Raghuram Rajan says Centre’s economic package inadequate, giving free foodgrains not enough

Speaking about small industries, the former RBI governor said the loans announced by the government would put more financial strain on them.

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· May 21, 2020 · 11:00 pm