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File image of IMF Chief Economist Gita Gopinath | Photo: Andrew Harrer | Bloomberg

IMF cuts India growth forecast to 4.8%, flags stress in non-bank financial sector

IMF chief economist Gita Gopinath cites decline in rural demand growth and an overall credit sluggishness for lowering of India forecasts.
Representational image

Risk of ‘sharp, sudden’ financial tightening has risen, IMF says

Policy makers urgently need to take action to tackle financial vulnerabilities that could exacerbate the next economic downturn, IMF says.
Economy

Simplify GST to maintain high growth, IMF tells India

Also urges a clean-up of banks' balance sheets as it projects growth at 7.8% for FY 19-20.

On Camera

File photo of Bihar CM Nitish Kumar | Facebook/NitishKumarJDU

The curious case of Nitish Kumar — 87% anger, 100% victory

In the supposedly most-politicised state in India, people say they don’t have ‘options’ this election.

Tata woos investors for digital platform as it seeks to compete with Jio, Amazon, Flipkart

Tata Sons is working with advisers to explore bringing in financial or strategic investors, including global tech companies, for its new digital entity.

Defence

Defence Minister Rajnath Singh releases the New Defence Acquisition Procedure (DAP) at the Defence Acquisition Council (DAC) meeting, in New Delhi on 28 September 2020 | @DefenceMinIndia | Twitter

Govt scraps offset policy for govt-to-govt deals, allows leasing of defence equipment

The new Defence Acquisition Procedure 2020, which was unveiled by Defence Minister Rajnath Singh Monday and kicks in on 1 October, also cuts down procurement time.
Narendra Modi and Amit Shah | File photo: T. Narayan | Bloomberg

Partners dispensable in Modi-Shah construct if they do not bring additional votes

In the Modi-Shah construct, if partners do not bring additional votes, they are dispensable. However old or loyal, either they become supplicants, or die.