Page 20 - International Monetary Fund

Covid's economic toll on Maharashtra

Maharashtra can expect to get additional funding from the increased allocation of Rs 40,000 crore to the Mahatma Gandhi National Rural Employment Guarantee Act announced by the Centre

The economic crisis and India's role in post-coronavirus multilateralism

The world gross domestic product is expected to contract by 3%, international trade may decline by up to 32%, and 49 million people could slip into extreme poverty

Between a stimulus package and a hard place

So, while we have achieved some success on the health front, are the steps taken to revive the economy adequate?

In search of the right prescription

Policy predictability and an unambiguous long-term blueprint are essential for private investors

A lot more needs to be done

While the measures over the last two days focus on some of the structural changes, the economy is now looking forward to steps that would lead to an increase in demand

The case for deeply negative interest rates

Such a policy, backed up by measures to prevent cash hoarding by financial firms, can solve many of today's problems

Saudi Arabia triples taxes, cuts $26 bn in costs amid Covid-19 pandemic

Despite efforts to diversify the economy, the kingdom continues to rely heavily on oil for revenue.

Statsguru: Migrant workers' exit to job crisis, victory over Covid-19 tough

Joblessness is rising, migrants are returning home in India, and macroeconomic fundamentals are deteriorating

Covid-19: India tally close to 60K mark; Russia reports 10,000 new cases

Russia, which has emerged as a new Covid-19 hotspot in Europe, on Friday registered more than 10,000 new Covid-19 cases, for a sixth straight day

IMF approves $18 bn emergency financing for 50 countries during Covid-19

In order to ensure full transparency and prevent any misuse of funds, the IMF asked member countries who apply for financing to commit that it is only used for urgent purposes related to Covid-19.

Remembering Deepak Lal: The last of the true intellectuals?

Deepak put a lot of premium on evidence, hard evidence, and was a pioneer in thinking about poverty and inequality

Refunds save the day for April direct tax collection; mop-up down 5%

Gross direct tax collection stood at Rs 41,556 crore in April, as against Rs 43,950 crore in the corresponding period last year

The lingering effect of Covid on services trade

The International Monetary Fund and the World Trade Organization have predicted massive losses in economic growth and international trade

Beating the pandemic of recession

Money should not be a consideration in protecting jobs, people and industry as the economy nosedives

'Toilet man of India': Journo-turned-civil servant wears this tag proudly

Parameswaran Iyer talks to Ruchika Chitravanshi about why he decided to give up his journalism job to sit for the civil services examination... and all that followed...

The fiscal response challenge

In terms of policy response, governments and central banks are intervening aggressively in the advanced economies

Centre seeks India Inc's view on economic revival amid Covid-19 outbreak

Key demands and suggestions include improving liquidity, cutting customs duties and goods and services tax (GST) rates, expediting all refunds and a halt on tax scrutiny

Need exceptional measures to help countries deal with Covid-19: IMF MD

The IMF last forecast the global economy would contract by 3% in 2020 due to the pandemic, marking the steepest downturn since the Great Depression of the 1930s

Statsguru: The trail of Covid-19 destruction and a resulting recession

According to the International Monetary Fund, the pandemic is expected to cause the biggest recession since the Great Depression

Small businesses still waiting for stimulus package

The fall in March trade figures is only the beginning of a trend that is likely to continue in the first quarter of this fiscal year