Topics: Economy

Coronavirus pandemic: Bank Of Canada slices key interest rate to 0.25 percent

In a bid to revive the coronavirus-affected economy, the Bank of Canada on Friday announced its plans to reduce its interest rate to 0.25...

COVID-19: Bank of Japan sees deeper economic pain, even after emergency easing

The Bank of Japan expanded monetary stimulus in an unscheduled policy meeting on March 16 to ease corporate funding strains and calm financial markets...

COVID-19 Update: Industry Bodies says, “India needs stimulus plan or it risks crippling small businesses”

India's small and mid-sized enterprises (SMEs) will struggle for survival if the government does not follow international counterparts in offering financial support to those...

Market Analysis: “COVID-19 to dry up the liquidity in the FX market, quotes to become wider as participation tapers off.”

The Global Coronavirus situation continues to become grim by the day. Several countries across Europe have come to a grinding halt on account of...

COVID-19: Australia injects $38.50 billion in stimulus to shelter coronavirus affected economy

Australia's government will inject AUD 66.4 billion ($38.50 billion) into the economy as part of a second stimulus package to shelter the country from...

Market Analysis by Abhishek Goenka: Why is rupee not depreciating till now despite USD strength?

The Rupee has been one of the better-performing currencies amid the extreme panic and turmoil we have witnessed in global markets. On previous occasions...

Report: Trump administration looks for $850 billion to stem COVID-19 economic fallout

The Trump administration plans on seeking a $850 billion stimulus package aimed at buffering the economy against fallout from coronavirus, the Washington Post reported...

South Africa declares “COVID-19” as the national state of disaster

In an effort to secure the citizen from the global outbreak of novel Coronavirus (COVID-19), the President of South Africa Cyril Ramaphosa on Monday declared COVID-19...

President Cyril Ramaphosa declares “Coronavirus” as the National State of Disaster in South Africa

In an effort to secure the citizen from the global outbreak of novel Coronavirus (COVID-19), the President of South Africa Cyril Ramaphosa on Monday...

TG TV: Lagarde says “COVID-19 will have a significant impact on economic activity”

The President of the European Central Bank, Christine Lagarde on Saturday, said that “The recent outbreak of Coronavirus (COVID-19), will have a significant impact on economic...

Christine Lagarde said, “COVID-19 will have a huge impact on economic activity”

The President of the European Central Bank, Christine Lagarde on Saturday, said that “The recent outbreak of Coronavirus (COVID-19), will have a significant...

#YESBankCrisis: Cabinet approves reconstruction scheme for Yes Bank

Union Finance Minister Nirmala Sitharaman on March 13 said that the Cabinet has approved the Reserve Bank of India's (RBI) reconstruction scheme for Yes...

Rahul Gandhi Slams Modi Government For Poor Management On Economy, Coronavirus, and on Crashing SENSEX

New Delhi: Congress leader and former president of Indian National Congress, Rahul Gandhi has slammed the Narendra Modi rule NDA government for not taking...

Coronavirus Pandemic: Rahul Gandhi Slams Modi government response over Coronavirus, State of Economy

Former Congress president Rahul Gandhi took on Prime Minister Narendra Modi-led union government over the issue of crashing of Sensex, state of economy and...

TG TV: Mark Carney says, “Bank of England will take necessary steps to support the UK economy”

Governor Mark Carney, on Wednesday, said that "The Bank of England will take all necessary further steps to support the UK economy from the...

UK Budget 2020: Chancellor Rishi Sunak speaks on COVID-19 says “We are doing everything to keep our citizens healthy and Financially secure”

While presenting the budget 2020 in the House of Commons on Wednesday, the UK chancellor Rishi Sunak said that “The Government is doing everything...

TG TV: President Trump explains how he will support the coronavirus affected U.S economy

Donald Trump on Sunday highlighted the policy and the measures taken by his government to support the economy which was affected by the novel...

In-depth analysis: Supreme Court lifts ban on trading cryptocurrency in India

The Supreme Court of India has lifted the ban from the cryptocurrency Industry on the trading of virtual currency, cryptocurrency, and bitcoin. Background of the...

Coronavirus Update: US health officials report the fourth case of virus of unknown origin

US health officials reported on February 28 a fourth case of novel coronavirus of unknown origin, indicating the disease was spreading in the country. The...

Report: IMF, Pakistan govt reach agreement on second view of $6 bn bailout package

The IMF has said it has reached a staff-level agreement with the Pakistani authorities "on policies and reforms" needed to complete the second review...

Moody’s Analytics Mark Zandi: Global recession likely if coronavirus becomes pandemic

A global recession is likely if coronavirus becomes a pandemic, and the odds of that are uncomfortably high and rising with infections surging in...

Coronavirus Update: Government of Hong Kong to give big cash handouts as economy reels from virus

The Hong Kong government on February 26 said it will give HK$10,000 ($1,280) handout to seven million permanent residents in a bid to jump-start...

Subramanian Swamy, “GST is the biggest madness of the 21st century”

Describing India's latest tax reform GST as "the biggest madness of the 21st century," BJP leader and Rajya Sabha MP Subramanian Swamy on Wednesday...

Report: India overtakes UK, becomes 5th largest economy with $2.94 trillion GDP

India emerged as the world's fifth largest economy by overtaking the UK and France in 2019, says a report. A US-based think tank World Population...

China to accept tariff exemptions on additional US goods

China said on February 18 that it would accept applications for new tariff exemptions for 696 products imported from the United States including key...

Portuguese President Marcelo Rebelo says “India-Portugal needs joint-expertise in various areas of the economy.”

Terming India as an "economic and social" global power, Portuguese President Marcelo Rebelo de Sousa on February 15 said the country's priority is to...

US Defense Secretary Mark Esper slams China as a rising threat to world order

US Defense Secretary Mark Esper on February 15 cast China as a rising threat to world order — saying the world's most populous nation...

IMF: India needs more ambitious structural and Financial sector reforms

India urgently needs more ambitious structural and financial sector reform measures and a medium-term fiscal consolidation strategy due to the rising debt levels while...

Ex-Finance Minister P Chidambaram, “Govt needs to put money in the hands of poor for demand growth”

Speaking in the parliament on Friday, Congress leader and ex-finance minister P. Chidambaram said, “A classic solution for reviewing the sluggish economy is by...

Budget 2020: A budget for better economic prospects: expectations from the fintech sector

Even as we prepare for the budget 2020, just a day away, here are some of the expectations from the fintech industry ahead of...

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