Rupee drops 10 paise to end at 75.56 per dollar
The rupee slipped 10 paise to shut at 75.56 towards the US greenback on Thursday amid a strengthening buck and weak home equities. Forex merchants mentioned market members have been … Read More
Tag: Indian economy
India’s jobless rate drops as govt lifts curbs
India’s unemployment charge dropped to 23.97% within the week ended May 10 as the federal government lifted some curbs on financial exercise, together with farming, after a month-long lockdown, in … Read More
Economy requires Rs 4.5 lakh crore fiscal support at current juncture: Ficci to FM
New Delhi: Seeking speedy assist for the Indian economic system hit by COVID-19, business physique Ficci stated a further fiscal assist of Rs 4.5 lakh crore is required on the … Read More
FY21 fiscal deficit likely at 5.8%, growth to slip to 0.5% says report
Mumbai: After the federal government’s transfer to lift its market borrowing programme for the present monetary yr by Rs 4.2 lakh crore, a overseas brokerage on Monday estimated the fiscal … Read More
Industry says Rs 15 lakh crore package required for economic revival
The Confederation of Indian Industry (CII) on Friday stated the impression of a protracted lockdown on the financial system is extreme and demanded a stimulus package deal of Rs 15 … Read More
Govt borrowing for FY21 up to Rs Rs 12 lakh crore
The Union authorities sharply raised its gross borrowing programme for this fiscal from the budgeted Rs 7.eight lakh crore to Rs 12 lakh crore, signalling a serious slippage in fiscal … Read More
Loans of Rs 5.66 lakh crore sanctioned, says FM Nirmala Sitharaman
India’s economic system is “poised to recover” as state-run banks have sanctioned loans value Rs 5.66 lakh crore over final two months to about 4.2 million account holders belonging to … Read More
India’s manufacturing sector activity hits record low in April amid lockdown: PMI
New Delhi: The nation’s manufacturing sector exercise witnessed unprecedented contraction in April amid nationwide lockdown restrictions, following which new enterprise orders collapsed at a document tempo and corporations sharply lowered … Read More
Covid-19: RBI Governor meets heads of banks, reviews economic situation
Reserve Bank of India Governor Shaktikanta Das on Saturday held a gathering with the heads of banks and reviewed the financial scenario and implementation of varied measures introduced by it … Read More
Commute key hurdle in resuming operations
Commuting hurdles confronted by staff and issues in transporting items are hampering the restart of companies regardless of measures to ease the nationwide lockdown, a survey by Confederation of Indian … Read More