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An Indian ragpicker collects reusable material from a garbage dump. Coronavirus pandemic could plunge an extra 395 million people into extreme poverty. (AP Photo)

Economic fallout from COVID-19 could push more than billion into...

The outlook for the worldâ€™s poorest looks grim unless governments do more and do it quickly, says a UNU report

12 Jun 2020 11:53 AM IST

Reserve Bank of India (RBI) sets out proposals for tighter governance at banks. (PTI Photo)

RBI proposes stricter governance rules for commercial banks

RBI said the objective of tougher guidelines was to align the current regulatory framework with global best practices

12 Jun 2020 8:54 AM IST

Prime Minister Narendra Modi. (PTI Photo)

Turn crisis into opportunity, says PM Modi; reiterates self-reliance

PM Modi said that the government has reformed many sectors, it is now time for indsutry and youth to take benefit of...

11 Jun 2020 11:35 AM IST

Secretary General of the Organisation for Economic Co-operation and Development (OECD), Jose Angel Gurria. Global economy to contract at least 6% in 2020, says OECD. (AP Photo)

OECD sees global economy contracting at least 6% in 2020

By the end of 2021, loss of income exceeds that of any previous recession over the last 100 years outside wartime, says...

10 Jun 2020 2:09 PM IST

Global economy to plunge into worst recession since WW-II, says World Bank. (AFP Photo)

World Bank says global economy to shrink 5.2%, worst recession since...

Per capita incomes are expected to decline by 3.6 per cent, which will tip millions of people into extreme poverty this...

9 Jun 2020 10:50 AM IST

US economy entered recession in February. (AP Photo)

US economy entered recession in February

US gross domestic product fell at a 4.8% annualized rate in the first three months of the year

9 Jun 2020 8:45 AM IST

Japan still in recession, but economy shrank at lower rate. (AFP Photo)

Japan-'s economy shrinks less than initial estimate, but still in...

Export-dependent Japan-'s economy had contracted at an annual rate of 7.2% in the October-December period

8 Jun 2020 9:29 AM IST

Andhra Pradeshs industrial policy to be more environment oriented.

Andhra Pradesh industrial policy to go radical green

Chief minister Jagan Mohan Reddy is talking about a clearance system that begins with environmental impact

6 Jun 2020 1:34 PM IST

Finance ministry has asked all ministries and departments not to initiate any new scheme in the current financial yea. (PTI Photo)

No new government schemes for a year, Centre cuts back amid COVID-19...

Schemes that are already approved for the currrent financial year will remain suspended till March 31 next year or...

5 Jun 2020 4:20 PM IST

PSBs disburse Rs 3,893 cr loans to MSMEs under Emergency Credit Line Guarantee Scheme. (AP Photo)

Public sector banks disburse Rs 3,893 cr loans to MSMEs

On May 21, cabinet approved additional funding of up to Rs 3 lakh crore at a concessional rate of 9.25% through ECLGS...

3 Jun 2020 1:05 PM IST

People queue outside a benefits payment center in Sydney. (AFP Photo)

Australia's economy shrinks in first quarter, headed for first...

The central bank stepped in by cutting the cash rate to a record low 0.25% and launching an unlimited bond buying...

3 Jun 2020 8:55 AM IST

Congress leader Rahul Gandhi. (PTI Photo)

Moody's rated Modi's handling of economy a step above junk, says Rahul...

He said lack of support to the poor and small and medium industry indicates that the worst is yet to come

2 Jun 2020 3:23 PM IST