Page 7 - Indian Economic Growth

Rs 20-trn package: Govt reduces EPF contribution for companies for 3 months

At present, 24 per cent of a worker's basic pay is deducted - with 12 per cent each counted as employer's and employee's share - towards the EPF savings

Former fin secy Hasmukh Adhia to head Gujarat economic revival panel

Committee will assess sectoral and sub-sectoral losses, may also go for fiscal restructuring post Covid-19

Rupee drops by 19p to 1-wk low against dollar on fiscal deficit concerns

Domestic stocks advanced in early trade which supported the rupee. The key indices Sensex and Nifty, however, closed marginally down due to sell-off in financial counters

Human nature to want to go home: Modi tells CMs in meeting

Chief ministers are likely to push for allowing economic activities to resume slowly, as the centre weighs a graded exit from the 54-day lockdown

India needs large fiscal stimulus in face of slowdown risk: Kaushik Basu

The Centre must give states the freedom to spend more, respecting India's federal structure, Basu said

As banker it is my first job to be safe: IDFC First Bank CEO V Vaidyanathan

From now on, the system should open up systematically as people's financial cushions could vanish soon, he says

Biz activities significantly hit; recovery may take over a year: CII survey

45 per cent of the CEOs polled feel it will take over a year to achieve economic normalcy once the lockdown ends

Why the current scenario demands a mid-year economic review on priority

Impact of over-leveraging by companies on the banking sector and disruption caused by Covid-19 make for extremely unpredictable times

RBI assumes protective role, asks banks not to pay dividend for FY20

Experts say while the decision is positive, it may not make any significant contribution

Top headlines: How RBI's MPC panel scrambled to help the economy

Business Standard brings to you the top headlines of the day

Govt may need Rs 5 trn more to boost economy hit by Covid-19: Subhash Garg

He also suggested that the government should directly borrow it from the RBI instead of borrowing from the market

Coronavirus outbreak: Cases in India climb to 834; death toll reaches 19

According to the data, the number of active COVID-19 cases in the country stood at 748, while 66 people were either cured or discharged and one had migrated

Best of BS Opinion: Funny side of economics, coronavirus spread, and more

For many sides of coronavirus, read on. Uddalok Bhattacharya sums up the views.

This is an opportunity to make outsized gains over the next few years

We believe the debt market is very attractively priced from a short-to-medium term perspective.

Will the RBI cut interest rates today? Here's what top brokerages expect

While the Monetary Policy Committee (MPC) of the RBI originally was slated to meet in the first week of April, the central bank in a surprise move is holding a briefing today

With 75% economy under lockdown, analysts see sharp fall in GDP

Even when the lockdown period ends, it will take time for the economy to be fully up and running. The public fear factor, analysts feel, will still result in below-normal activity for a few months

Coronavirus impact: Fitch cuts India growth forecast to 5.1% for FY21

The difficulties facing the Indian economy have been exacerbated by Yes Bank failure, it said

S&P lowers India's growth forecast to 5.2% for 2020 amid Covid-19 pandemic

S&P Global Ratings on Wednesday lowered India's economic growth forecast to 5.2 per cent for 2020, saying the global economy is entering a recession amid the coronavirus pandemic. The agency had earlier projected a growth rate of 5.7 per cent during the 2020 calendar. Asia-Pacific economic growth in 2020 will be more than halve to less than 3 per cent as the "global economy enters a recession", S&P said in a statement. An enormous first-quarter shock in China, shutdowns across the US and Europe, and local virus transmission guarantees a deep recession across Asia-Pacific, said Shaun Roache, chief Asia-Pacific economist at S&P Global Ratings. "We lower our forecasts for China, India, and Japan for 2020 to 2.9 per cent, 5.2 per cent and -1.2 per cent (from 4.8 per cent, 5.7 per cent, and -0.4 per cent previously)," S&P said. On Tuesday, Moody's Investors Service had lowered India's economic growth forecast for 2020 to 5.3 per cent (from 5.4 per cent), in the wake of the .

Govt performance shows strong leadership no guarantee for good economics

The data and the feel after six years under PM Modi prove a strong leader doesn't necessarily give us decisive economic leadership unmindful of immediate political risks

Objective of kick-starting growth not addressed effectively in Budget: Garg

"All these expenditures are unlikely to be imparting any fresh growth stimulus to the Indian economy," he argued