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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

File photo | Dr Li Wenliang, who died of the novel coronavirus | Wikimedia Commons

China’s blunders in Wuhan should settle the debate about democracy and economic progress

The virus exploded from Wuhan to the world because the Chinese form of government abhors transparency. What they need is democracy — and India should learn this lesson.

Is talk of lifting lockdown premature or is it necessary to allow some economic activity?

As the Narendra Modi government considers the option of extending the Covid-19 lockdown beyond 14 April, concerns around its impact on the economy are growing.

Defence

USS Theodore Roosevelt. Photo | Bloomberg

Indian Navy veterans slam ‘childish’ US response to Roosevelt ship incident

Former Navy Chief Admiral Arun Prakash says captain of USS Theodore Roosevelt should’ve resigned if he felt system let him down, rather than leaking mail to media.

Poke fun at taali, thaali, diya and mombatti all you want. Modi couldn’t care less

Modi knows who he needs to speak to, who he should toss, who he can address in kind. People accuse him of infantilising his voters, but it’s a winning strategy.