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Topic: economic slowdown
The national lockdown should have been accompanied by more generous, universal pay-outs, starting immediately and not a week later.
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.
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.
The shutdowns this time are coming after a bad 2019 for manufacturers around the globe, with the US and Germany reporting plummeting economies.
The Finance Ministry is considering extending loan tenors and relaxing bad-debt norms for small firms.
Former PM Manmohan Singh said social unrest, economic ruin and coronavirus outbreak could diminish India's global standing as an economic and democratic power.
Former RBI governor Raghuram Rajan says Modi govt has focused more on fulfilling its political and social agenda rather than paying attention to economic growth.
Economic recovery remains elusive as sectors such as manufacturing and electricity contract. Full year GDP growth forecast at 5%.
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India’s economy is seeing some green shoots but faces unknown risks from the coronavirus outbreak, Chief Economic Adviser Krishnamurthy Subramanian says.