India Economy: Page 3
The narrowing of the definition of financial creditors has threatened the position of guarantors and those who lend basis security
Though to contain the effect, the government announced a relief package of over INR 20 lakh crore, but the elongated impact of the COVID-19 has a spiral downward impact on the economic activity
In the last few years, the SMEs have stood out as the key driver behind the economic development of the country.
With adverse outcomes looming large on the economy, government intervention and relief measures are the need of the hour to minimise the damage being caused to industry, economy and livelihood of many.
While the global financial market is taking a major hit due to the COVID-19 fear, the risk of a recession is relatively low for the Indian financial market.
The aid will support better screening, contact tracing, and laboratory diagnostics and help in procuring personal protective equipment as well as setting up new isolation wards.
From setting up an economic task force to addressing the recent panic buying of consumers, the Indian Prime Minister listed out a few things that the government was doing to fight the pandemic. He also appealed for a nationwide self-imposed curfew on Sunday and asked citizens not to burden the healthcare system unless absolutely necessary.
Finance minister Nirmala Sitharaman said start-ups "have emerged as engines of growth for our economy" and announced some key policies benefiting the community
While it is expected that the Budget's focus is going to be on measures that can revive the struggling economy, a focus on more investment in information technology is required
The agency cut the country's 2019 economic growth from the 6.1 per cent that it estimated in October, citing a sharper-than-expected fall in domestic demand and stress in NBFCs leading to a decline in credit growth.
It is no news that the Indian economy is in a sluggish phase since the past few months. Although the government has been pulling out all stops to revive the economy, numbers are indicating otherwise.
The last decade saw Indian entrepreneurial space gather immense pace with 49,000 start-ups taking off between 2008 and 2018
Union Minister for Railways, Commerce and Industry, Piyush Goyal explains about the advantages of RCEP
FM Nirmala Sitharaman on Thursday asked banks not to announce any stressed loan account for MSMEs as NPA till March 2020 and work on its debt modification
Finance Minister Nirmala Sitharaman announced huge capital inflows in the real estate and export sector in an attempt to mend an ailing economy