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Manufacturing output contracts 20.6% in March; April inflation data on hold

Manufacturing

12 May, 2020

Manufacturing output contracts 20.6% in March; April inflation data on hold

India’s manufacturing output contracted by more than a fifth in March from a year earlier, fanning hopes that the central ......

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How banks' credit growth slumped across sectors in the wake of coronavirus

Finance

06 May, 2020

How banks' credit growth slumped across sectors in the wake of coronavirus

In the last week of April, one month into the national lockdown, commercial banks parked more than Rs 7 trillion ......

Govt pushes lending, asks banks for daily reports

Finance

23 April, 2020

Govt pushes lending, asks banks for daily reports

India’s government has redoubled efforts to push state-run banks to boost lending and it has demanded that lenders submit a ......

RBI cuts reverse repo rate in bid to spur bank lending

Economy

17 April, 2020

RBI cuts reverse repo rate in bid to spur bank lending

The Reserve Bank of India unexpectedly cut its key deposit rate for the second time in three weeks on Friday ......

Retail inflation drops in March as coronavirus hits demand

Economy

13 April, 2020

Retail inflation drops in March as coronavirus hits demand

India’s retail inflation dropped to a four-month low in March, increasing the chances that the RBI will ease interest rates ......

Factbox: The global economic policy response to coronavirus crisis

Economy

09 April, 2020

Factbox: The global economic policy response to coronavirus crisis

Governments and central banks around the world have unleashed unprecedented fiscal and monetary stimulus and other support for economies floored ......

India's March services activity contracts amid coronavirus disruptions

Finance

06 April, 2020

India's March services activity contracts amid coronavirus disruptions

India’s dominant services sector, the lifeblood for economic growth and jobs, contracted in March as new business and export demand ......

Three-month EMI holiday for home, car loans and other highlights from RBI policy

Finance

27 March, 2020

Three-month EMI holiday for home, car loans and other highlights from RBI policy

The Reserve Bank of India on Friday took steps to combat the economic fallout of the COVID-19 pandemic, which has ......

RBI slashes interest rates as coronavirus lockdown hits economy

Economy

27 March, 2020

RBI slashes interest rates as coronavirus lockdown hits economy

The Reserve Bank of India on Friday slashed interest rates by 75 basis points in an emergency move to revive ......

US Fed slashes rates to zero in emergency move to cushion coronavirus blow

Finance

16 March, 2020

US Fed slashes rates to zero in emergency move to cushion coronavirus blow

The U.S. Federal Reserve and global central banks moved aggressively on Sunday to buttress a world economy unraveling rapidly amid ......