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Economy

India to miss sugar export target as lockdown disrupts ports

India won’t be able to ship 5 million tons in the year to September, as expected earlier, because of a shortage of labor at ports and mills.

Moody’s slashes India’s 2020 forecast from 5.3% to 2.5% amid Covid-19 lockdown

Moody’s said credit flow to the economy already remains severely hampered because of severe liquidity constraints in the bank and non-bank financial sectors.

How lockdown is disrupting the village economy in UP, one farmer at a time

Their milk can't reach Delhi and sugarcane can't be taken to the mills, farmers in UP's Baghpat district narrate how lockdown has hit them.

RBI has also liberalised forex trading by allowing banks to trade in offshore markets

Banks in India that operate out of International Financial Services Centre will be allowed to participate in non-deliverable forwards market from 1 June.

Why Rs 1.7-lakh crore relief package may not mean an equivalent fiscal hit in 2020-21

Some of the expenditures announced by the Modi government have already been accounted for in the Union Budget presented in February.

Rupee rises 81 paise against US dollar after RBI announces measures to support economy

The rupee, which opened on a positive note at 74.60, gained further momentum and touched a high of 74.35 against the US dollar.

You don’t have to pay any loan EMI for next 3 months, and it won’t hurt your credit history

RBI defers all loan repayments taken from any financial institution until 30 June, says non-payment will not be classified as default.

Why the world needs Apple’s annual new iPhone cycle

Companies that produce iPhone accessories drive their own revenue, and any delay could be devastating amid the global economic slowdown.

RBI uses bazooka to fight virus with 75 bps rate cut, moratorium on term loan repayments

Announcing rate cut, RBI Governor Shaktikanta Das says series of steps aimed at reviving growth, but adds fundamentals of Indian economy are strong.

Surging soap demand makes Hindustan Unilever India’s best stock

Hindustan Unilever has surged as bottles of hand-wash, detergents and floor cleaner fly off the shelves amid the coronavirus pandemic.

On Camera

PM’s 100-day agenda may have to jettison core issues for coalition partners

Matters of defence and foreign policy are important, but the new government must address widespread discontent in the country. This begins with investing in the rural sector.

PM’s economic advisor asks if India needs a new poverty line, says multidimensional index not enough

Bibek Debroy, chairman of Prime Minister’s Economic Advisory Council, also suggested that analysing inequality at the state level might provide a clearer picture of inequality, as a national estimate could be misleading.

China does a Galwan in South China Sea, Coast Guard carries spears and knives

Pictures had emerged of Chinese soldiers carrying rifles and iron rods with machete-like heads in the vicinity of India’s forward locations on the southern bank of Pangong Tso in 2020.

Sangh wants BJP to know it’s not dispensable. It’s a rap on the knuckles, nothing more

Occasional lovers’ tiffs have marked history of RSS-BJP relations. To think that Nagpur will bring about any change in leadership is a misreading of both its intent and its power.