Thiruvananthapuram
C
Alappuzha
Ernakulam
Idukki
Kannur
Kasaragod
Kollam
Kottayam
Kozhikode
Malappuram
Palakkad
Pathanamthitta
Thiruvananthapuram
Thrissur
Wayanad
Friday, April 03, 2020

economy-2

Global economy could shrink by almost 1% in 2020: UN

The global economy could shrink by up to one per cent in 2020 due to the coronavirus pandemic, a reversal from the previous forecast of 2.5 per cent ...

GST mop-up in March at Rs 97,597 cr

Goods and Services Tax (GST) revenue in March stood at Rs 97,597 crore, lower than over Rs 1.05 lakh crore collected in February. Of the total Rs 97,...

Coronavirus could push 11 mn people to poverty: World Bank

The coronavirus pandemic's economic fallout could cause China's growth to come to a standstill while driving 11 million more people in East Asia into...

China pumps $7 bn into market to counter COVID-19

China's central bank cut an interest rate on loans to banks by the largest margin in five years and injected 50 billion yuan (USD 7 billion) into the...

Indian banking system is safe, says RBI Governor

Allaying depositors' concerns, RBI Governor Shaktikanta Das asserted there Indian banking system is safe, and termed linking banks' share prices to s...

Moody's slashes India's GDP growth in 2020 to 2.5%

Moody's Investors Service slashed its estimate of India's GDP growth during 2020 calendar year to 2.5 per cent, from an earlier estimate of 5.3 per c...

Sensex crashes 1,709 pts; Nifty tanks below 8,500

Equity benchmark Sensex plunged over 1,709 points on Wednesday as talks of stimulus measures to cushion the economic blow of the Covid-19 pandemic fa...

Japan's imports from China plunged in February

Japan's imports from China almost halved last month from a year earlier to log the steepest fall since 1986 as the new coronavirus outbreak disrupted...

Federal Reserve slashes interest rates to zero

The Federal Reserve announced it would drop interest rates to zero and buy at least $700 billion in government and mortgage-related bonds as part of ...

Retail inflation cools to 6.58% in Feb

Retail inflation dropped for the first time after six months in February, easing to 6.58 per cent as prices of vegetables and other kitchen items coo...

Indian economy to benefit from slump in oil prices

The Indian economy will likely see significant benefits in the form of lower current account deficit, reduced inflation and higher GDP following a sl...

82% women prefer mutual funds, stocks for investment: Survey

A survey has showed that as many as 82 per cent women are preferring stocks and mutual funds to meet their investment goals. The survey conducted by ...

COVID-19 outbreak could cost global economy up to USD 2 trillion

The coronavirus outbreak could cost the global economy up to USD 2 trillion in 2020, the UN's trade and development agency said, warning that shock f...

Coronavirus impact on Indian economy will be limited: RBI Governor

Reserve Bank governor Shaktikanta Das assured that the central bank will take every measure needed to secure the economy against the challenges arisi...

GST collections at Rs 1.05 lakh cr in Feb

The government has collected Rs 1.05 lakh crore as GST revenue in February, up 8 per cent over the same month last year. The collection from Goods an...

Govt to launch monthly GST lottery scheme from Apr 1

The government is planning to launch lottery offer under the Goods and Services Tax (GST) from April 1 by conducting lucky draws every month for invo...

Coronavirus hammers China's February economic activity

China's manufacturing activity fell to its lowest level on record in February as official data on Saturday confirmed the massive damage the deadly co...

Forex reserves up by USD 29 mn to record USD 476.12 bn

India's foreign exchange reserves inched up by USD 29 million to a fresh lifetime high of USD 476.122 billion in the week to February 21, aided by an...

GDP growth slips to 4.7% in December quarter

India's economic growth slowed to 4.7 per cent in October-December 2019, according to official data released on Friday. The Gross Domestic Product (G...

Sensex tanks 807 pts as coronavirus alarm spreads

Indian equity benchmark Sensex plunged about 807 points in line with massive sell-offs in global equities as spike in new coronavirus cases beyond Ch...