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Economy

World Bank Building, Washington DC | Flickr

V, U, W, L or Nike Swoosh? Economists are trying to figure out shape of global recovery

A V-shape in which the rebound is as swift as the slump was the favoured trajectory early on, but now more are starting to worry about a U-shape.
Traffic travels along a road in Delhi | Prashanth Vishwanathan/Bloomberg

Covid-19 lockdown blocks sale of more than Rs 6,000 crore-worth BS IV vehicles

The government had mandated that only BS-VI-compliant vehicles could be sold and registered in India from 1 April 2020.
Union Finance Minister Nirmala Sitharaman with Revenue Secretary Ajay Bhushan and Minister of State for Finance and Corporate Affairs Anurag Singh Thakur during a Goods and Service Tax (GST) council meeting | PTI

GST collections fall to Rs 97,597 cr in March from Rs 1.05 lakh cr in February

Of the total Rs 97,597 crore GST revenue, the central GST stood at Rs 19,183 crore, state GST at Rs 25,601 crore and integrated GST at Rs 44,508 crore
Indian Railways (representational image) | Photo: ANI

Railways has spent almost Rs 920 crore to stop Covid-19 spread amid huge losses

Health ministry is set to reimburse the railways ministry its expenditure on Covid-19-related activities, after a Union Cabinet takes a decision in this regard.
File photo of an Air India plane | Representational image | Commons

Govt likely to extend deadline for Air India bid as pandemic disrupts economy

This would be the second extension for Air India bids since the govt initiated the process of stake sale in the debt-ridden national carrier on 27 January.
A cashier examines Indian rupee banknotes at the Mayuresh Watches and Traders watch and mobile phone store in the Byculla area of Mumbai

Pay loan EMI if you can. Interest payable will increase if you don’t, banks tell borrowers

The Indian Banks' Association has put out answers to customer queries to address confusion over RBI's 3-month loan moratorium.
A buyer monitors market fluctuation (Representational Image) | PTI

These are the 5 Ps that will help determine if stock markets have bottomed out

Investors have fled emerging markets in record numbers, even though central banks and governments have piled on stimulus to counter the virus impact.
The Reserve Bank of India | Photo: Suraj Singh Bisht | ThePrint

RBI announces more measures to deal with economic fallout caused by Covid-19

The central bank extended the time period for realization and repatriation of export proceeds and increased ways and means advances (WMA) limit.
A man looks toward a screen and an electronic ticker board outside the Bombay Stock Exchange (BSE) building in Mumbai| Photo: Dhiraj Singh/Bloomberg

Stocks crash is once-in-a-decade buying chance for long-term investors: ICICI fund manager

Historically, such times have proven to be attractive for long-term equity investing opportunities, says ICICI Pru AMC’s S. Naren.
An elctronic ticker dsiplaying sensex at Bombay Stock Exchange | Photo: Dhiraj Singh | Bloomberg

Sensex plunges over 700 points, Nifty falls below 8,400

Starting the new financial year on a negative note, the 30-share BSE barometer was trading 714.74 points or 2.43 per cent lower at 28,753.75.

On Camera

People wearing masks in a park in Shanghai, China | Qilai Shen | Bloomberg

Asians will become the new Muslims — how coronavirus will change our world like 9/11

To control another Covid-19 outbreak, solutions like body screening, temperature guns, sanitising kits will become a permanent part of our lives.

Covid-19 Battle: Are Indian chief ministers measuring up or need strong central oversight?

PM Modi held a video conference with all chief ministers Thursday to take stock of the situation arising out of the Covid-19 health emergency.

Defence

The consignment in Maldives

IAF airlifts 6.2 tonnes of essential medicines, hospital consumables to Maldives

The consignment was airlifted to Male by an Indian Air Force C-130 aircraft, as part of 'Operation Sanjeevani'.

Modi’s India isn’t Mao’s China. Silly forecasts assume we’ll let corona kill millions of us

There are many scary scenarios about how badly we Indians may be affected or how many killed by Covid-19. But they presume we will do nothing to influence our fates.