Prime Minister Narendra Modi on Thursday reviewed the impact of Covid-19 on the Indian economy and a possible second stimulus to boost sectors hit hard by the pandemic. Modi held discussions with Finance Minister Nirmala Sitharaman as the pandemic hit sectors from small industries to the aviation sector hard with millions of jobs at stake.
The RBI guv said global economy is actually recovering, though slowly
Harris alleged that Trump lied to American people on the coronavirus pandemic.
The nonpartisan Commission on Presidential Debates said that the second presidential debate scheduled in Miami on October 15 will take the form of a town meeting, in which the candidates would participate from separate remote locations.
Sam Walton learnt the value of money very early in life.
Bala V Balachandran explains what makes India a favourable destination for business in the long run.
The Great Depression, that began almost 10 years before World War II broke out, is said to be the worst-ever financial crisis that the United States and many other nations across the world ever witness to.
IBM has played a leading role in transforming business, science and society in these 100 years.
Strongly defending his record as US President during the nearly first three years of his tenure, Barack Obama has said he deserves to be re-elected as he has not only revived the nation's economy, but also secured the country.
Subramanian recommended five ways of financing additional expenditure over a period of one year, including cutting expenditure and borrowing directly from the RBI or monetising debt.
India's 100 top billionaires have seen their fortunes increase by Rs 12,97,822 crore since March last year when the Covid-19 pandemic hit the country and this amount is enough to give 13.8 crore poorest Indians a cheque for Rs 94,045 each.
Sachin Tendulkar, possessor of every one-day batting record worth holding, carries an unparalleled weight of expectation over the course of the next two months.
From when James Buchanan was sworn in in 1857 to Donald Trump in 2017.
US President Barack Obama remains committed to economic reforms and recovery, says White House.
Although companies have been able to tap bond markets, the recovery of global financial markets is shaky
The Group of 20 countries, or G20, would play a steering role in the post-crisis world, giving the global economy a definitive character and preventing a retreat from globalisation, said Pulitzer Prize-winning author and investment manager Liaquat Ahamed.
Indian policy makers will have to evolve an exit strategy that maintains high growth with price stability.
US President Barack Obama has claimed victory as the Senate voted to end debate on a massive Wall Street overhaul package, which is said to be the most sweeping reform of the country's financial regulatory system since the Great Depression.
The National Bureau of Economic Research has declared the recession that started in December 2007 ended in June 2009.
'Is it too much when senior -- very senior --politicians fear the law so little that they accept payment through cheques, something that can be easily traced?'
The US economy, which is hit by one of the worst crisis after the Great Depression, is coming back stronger and faster than predicted, the US Treasury Secretary, Timothy Geithner, has said.
'Unfortunately, the most likely outcome is that they will press India to give in to the ISI, or, equally disastrously, ask for Indian troops to join them in Afghanistan.'
Fitch Ratings director Thomas Rookmaaker said India's debt-to-GDP ratio is likely to rise to 76 per cent from 70 per cent currently due to wider fiscal deficit and low economic growth.
Rediff reader Rashmi Pillai, a pharma professional from Mumbai suggests how to stay positive and make the most of the lockdown.
To kick start the sagging economy, the US administration has come up with many initiatives including stimulus packages, bailouts for ailing banks and funding programmes for the auto sector, among others.
Dr Singh made a strong pitch for restoring the momentum of growth in the developing world at the G-20 Summit and said there is need to replace lost export demand and to expand investment.
India will seek continuance of the stimulus package that was devised to get the global economy out of the worst crisis since the Great Depression of the 1930s at the G-20 Summit in Pittsburgh on Friday pitching at the same time strongly against any attempts at protectionism and advocating reforms of the international financial institutions.
The big lesson to learn from the world's worst financial crisis is that nations and industry should see globalisation as a friend.
A gush of Federal money helped in avoiding an economic meltdown.
Addressing the Committee for Development Policy, Sha Zukang, under-secretary-general for economic and social affairs, said the worst economic crises since the great depression have thrown many more people into poverty.
As Indian exporters feel the heat of recession, let's take a look at where India stands as far its top trading partners are concerned.
The US House of Representatives has passed the $819 billion mega stimulus package, which is aimed at reviving American economy that is reeling under the worst ever crisis since the great depression of last century.
Rajan, who has been warning against competitive monetary policy easing by central banks, however, said the situation is different in India where RBI still needs to bring down lending rates to spur investments.
The world's largest economy, the US, is now in recession for 18 straight months, one of the longest since the 1930s Great Depression, amid rising hopes of an early economic revival.
According to Jason White, leader of Hewitt's business performance improvement, cost-cutting and layoffs are amongst the biggest concerns of companies today. He urges struggling firms to change the way people are organised, utilised and managed.
There are 'troubling similarities' between US President Barack Obama's financial actions with those of policymakers during the Great Depression in 1930's, a new study has claimed, warning the country's policies might have the potential to consign it to a similar fate as Argentina.
Have the supervisory agencies in the main financial centres learnt their lesson and adjusted their policies accordingly
At a recent brainstorming session on 'After effects of Financial Meltdown: World Economy', held at the Amity Campus in Noida, Uttar Pradesh, Lord Meghnad Desai expressed his views through a written message, as he could not make it to the event.
Global oil demand will collapse next year and commodities will not return to the highs they reached this summer in the foreseeable future, two authoritative reports said on Tuesday as they forecast a long and painful worldwide recession.
G20's success will hinge on outcome of follow-up measures
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