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Topic: economic slowdown
India needs strong leadership & decisive action to strengthen its economy and military power. Platitudes and appeals to nationalism are not enough.
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.
Growth in China and India will decelerate but their economies will still manage to expand 1.2% and 1.9% respectively, IMF says.
PM Modi has appealed to the industry leaders to be compassionate and not sack employees as he extended the nationwide lockdown until 3 May.
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.
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.