Page 18 - Economic Slowdown

Gold falls on profit-booking, but economic downturn fears limit losses

Spot gold slipped 0.4 per cent to $1,681.49 per ounce by 0239 GMT US gold futures fell 1.4 per cent to $1,728.40.

How economic crisis due to Covid-19 is different from 2008 meltdown

It's been a sudden slump in economic activity, as against a slow burn then

Coronavirus outbreak: Bank credit growth falls sharply to 6.1% in FY20

Deposit accretion activity also moderated in FY20 to 7.9 per cent from 10 per cent in FY19, according to Reserve Bank of India (RBI) data.

Just-in-time virus: Opportunities for a govt that walked into cul-de-sac

The pandemic has resolved many of Mr Modi's issues - protestors have dispersed, state govts are queuing up for support, and all economic problems can be laid at the door of Covid-19 - writes T N Ninan

RBI admits GDP forecasts prior to coronavirus outbreak were off the mark

RBI failed to gauge a greater-than-anticipated contraction in gross-fixed capital formation and continuing weak activity, especially in the rural areas.

Bouncing back after Covid-19

The National Infrastructure Pipeline is clearly the mega-stimulus for the post-corona revival effort

Coronavirus impact: DBS revises India's GDP estimate to 1.5% for FY21

The development comes a day after American brokerage Goldman Sachs revised its forecast for the country's real GDP growth to 1.6 per cent

India's air passenger traffic records 3-5% negative growth in FY20: Icra

A gradual recovery in domestic traffic is expected once the commercial air services are restored

Investment pipeline in economy chokes as key indicators show deterioration

Gross fixed capital formation - an indicator of investment demand -as a percentage of GDP, fell to nearly two-decade low

Contraction in Indian economy due to Covid-19 may be short-lived: UBS

"The potential slowdown of the economy will be determined by the duration of the lockdown, and the economic policy choices taken to ensure a safe recovery," said Tanvee Gupta Jain

Covid-19: Amid economic slump, banks' credit costs, NPAs to rise in 2020

The report noted that an additional USD 300 billion spike in lenders' credit costs and a USD 600 billion increase in (NPAs) will occur in 2020 due to the adverse impact of coronavirus pandemic

IndusInd Bank, SBI tumble as Moody's downgrades sector outlook to negative

Stating that asset quality will deteriorate, Moody's said a sharp decline in economic activity and a rise in unemployment will lead to a deterioration of household and corporate finances.

Coronavirus outbreak, recession cloud credit quality outlook, says CRISIL

Moody's, too, revises outlook on Indian banks to negative

Direct tax mop-up falls short by record Rs 1.45 trn of revised estimates

Official figures showed that the gross amount collected under direct taxes as of March 31 was Rs 12.11 trillion

Best of BS Opinion: Economies after Covid-19, tough times for IT, and more

Business Standard opinion pieces for the day talk about the fiscal and other aspects of the pandemic.

New projects dip in March quarter amid economic slowdown, coronavirus

The value of new projects were Rs 7000 crore lower in the three-month period ending March 2020, showed data from project-tracker Centre for Monitoring Indian Economy

GST collection slips below Rs 1 trillion in March after four months

The numbers pertain to GST paid in February but collected in March, suggesting that collections might turn grimmer going forward.

After the lockdown

Planning for the revival of the economy

Best of BS Opinion: The Covid-19 battle, economic dislocation, and more

Business Standard Opinion pieces for the day talk about various economic aspects of the pandemic

Apparel industry could lose Rs 1 trn due to lockdown, say manufacturers

It has requested the government to consider both wage subsidies and working capital support