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The Reserve Bank of India | Photo: Suraj Singh Bisht | ThePrint

RBI’s March rate cut was biggest surprise in history of monetary policy panel, paper says

India’s rate-setting panel is due to meet in the first week of August as the economy heads toward its first annual contraction in more than four decades.
PM Modi at Hyderabad House just moments before he addressed the media | Praveen Jain | ThePrint

India could emerge as the global power the world has been waiting for after Covid

India needs strong leadership & decisive action to strengthen its economy and military power. Platitudes and appeals to nationalism are not enough.
Rupee (Representational image) | Dhiraj Singh | Bloomberg File photo

It’s a risk, but there’s simply no escape for India from printing money

India just shouldn't let printing money become a habit. Countries like US can get away with it, but the price for excess is greater for a developing country.
Signage is displayed outside the IMF | Alex Wroblewski/Bloomberg

IMF sees growth in Asia Pacific coming to a standstill for the first time in 60 years

Growth in China and India will decelerate but their economies will still manage to expand 1.2% and 1.9% respectively, IMF says.

Can Modi govt ask companies not to sack workers due to Covid crisis or should firms decide?

PM Modi has appealed to the industry leaders to be compassionate and not sack employees as he extended the nationwide lockdown until 3 May.
Economy_Stocks

India facing worst economic slump since 1991, growth forecast at 1.5-2.8%: World Bank

The World Bank joins a chorus of international agencies that have made a similar cut in growth estimates in recent days on concerns about the Covid-19 pandemic.
A man prays to a deity on display, not pictured, at the Bombay Stock Exchange (BSE) building in Mumbai. | Photographer: Dhiraj Singh | Bloomberg

What’s common to the lockdown and demonetisation? Modi govt’s lack of planning

The national lockdown should have been accompanied by more generous, universal pay-outs, starting immediately and not a week later.
A deserted road in Delhi on the first day of total lockdown Monday | Photo: Manisha Mondal | ThePrint

COVID-19: ‘India in Lockdown’ in TOI, Mint on ‘great fight’, ‘shades of Wuhan’ warns Tribune

A round-up of the most important reports in major newspapers around the country – from TOI and HT, Express and The Hindu to The Telegraph, Mumbai Mirror and The Tribune, as well as top financial dailies.
Despite global economic tensions, India set to witness continuous economic growth | Dhiraj Singh/Bloomberg

The 5 days when world economy’s guardians fought virus and market turmoil

As the week draws to an end, an unprecedented 31 central banks have slashed interest rates and many of them have even activated the crisis playbook.
coronavirus economy

Biggest factory shutdown since world war II hits US, Europe

The shutdowns this time are coming after a bad 2019 for manufacturers around the globe, with the US and Germany reporting plummeting economies.

On Camera

Representational photos | Hindu priests perform evening prayers at Dashashwamedh Ghat in Varanasi | Kanishka Sonthalia/Bloomberg

Want to preserve secularism in India? Well, preserve the Hindu ethos first

Secularism in the Indian context would mean maintaining equidistance from  all religions. Unfortunately, that equidistance never happened.
Mukesh Ambani at ThePrint Off the Cuff

Mukesh Ambani is now world’s fourth richest man, overtakes Europe’s wealthiest

Reliance's shares have more than doubled from a low in March as its digital unit got billions in investments from companies including Facebook Inc. and Google.

Defence

Union Defence Minister Rajnath Singh | Photo: ANI

Artillery guns, assault rifles, AFVs — Here’s a list of 101 items MoD won’t import in future

Contracts worth almost Rs 4 lakh crore will be placed with the domestic industry within the next six to seven years.
Illustration: Soham Sen | ThePrint

Modi redefined secularism with Ram Mandir as Hindu voters were fed up of Sonia-Left version

Assumptions that Indian secularism died with Ram Mandir bhoomi pujan are bunk. It is enshrined in the Constitution, and is worth preserving.