The world is in the face of a devastating impact due to the coronavirus pandemic and has clearly entered a recession, the International Monetary Fund said on Friday, but projected a recovery next year. "We have reassessed the prospects for growth for 2020 and 2021. It is now clear that we have entered a recession as bad or worse than in 2009. We do project recovery in 2021," IMF Managing Director Kristalina Georgieva told reporters at a news conference.
'Normally, the system is geared towards counting notes -- it is equipped to do x amount of work and one day you are asking them to do 20 x.' 'The processes involved are very complex.'
The PFRDA Act would give statutory status to the pensions sector regulator, and in addition to other objectives, aims to address apprehensions regarding safety and yield under the National Pension System.
'Biometric Aadhaar-based surveillance is not only about violation of privacy, but also about the treasure hunt for unprecedented financial surveillance and economic intelligence in the economic history of mankind,' asks Gopal Krishna.
In a statement, Zurich-based FIFA said the candidates proposed are: Prince Ali Bin Al Hussein, Musa Hassan Bility, Jerome Champagne, Gianni Infantino, Michel Platini, Sheikh Salman bin Ebrahim Al Khalifa and Tokyo Sexwale.
"We feel there is a scam behind this decision," Rahul said.
Michael Phelps urged US lawmakers on Tuesday to push for a reform of the global anti-doping effort in sport after a career in which the Olympic great said he was never confident he was competing against clean athletes.
Such listings will help internationalise our currency, give us economic heft, compel best in class regulations and further develop the professional-services ecosystem., says Amit Tandon.
Unlike the regimes of Jayalalitha, Palaniswami and Karunanidhi, ministers are actually getting to make decisions on their own, with the unmentioned rider that they would be held responsible and accountable, observes N Sathiya Moorthy.
Banks have issues with their balance sheet profiles, say PSB executives.
Mumbai Marathi Patrakar Sangh refuses to 'retreat in the face of threats'.
PAC summons RBI Governor Urjit Patel, Finance Secretary Ashok Lavasa and Economic Affairs Secretary Shaktikanta Das.
P Chidambaram accused the BJP of making a u-turn on bills like GST after having stalled them during the UPA regime.
On the first night of the Republican National Convention on Monday, senior party leaders during their prime-time address said that the future of America was in danger if the November 3 polls resulted in the defeat of US President Donald Trump.
The entire Budget-making exercise will be advanced by 3-4 weeks so as to complete the legislative part of financial business before April 1, the start of a financial year
The minister further said that those who "peddle falsehood to destroy the institution are not dealt with in an exemplary manner, this trend will only accelerate."
Mohammed Shami's participation in the upcoming Indian Premier League (IPL) will depend on the findings of the Board of Control for Cricket in India's (BCCI) Anti Corruption Unit (ACU) chief Neeraj Kumar, acting president CK Khanna said on Friday.
Close to 300 dealers and resellers from Ahmedabad, 300 from Surat, 150 from Vadodara, 75 from Vapi, 75 from Ankleshwar-Bharuch and 50 from Navsari have pledged support to SITA.
The Reserve Bank had identified 12 accounts, each having more than Rs 5,000 crore of outstanding loans accounting for 25 per cent of total NPAs or bad loans of banks, for immediate referral for resolution under the bankruptcy law.
As a result, as per the House version of the Bill, the Obama administration must certify that Pakistan has met before releasing $450 million in aid.
One crucial revenue source that can help the government achieve its fiscal-deficit target is the proceeds from the sale of its stakes in public sector companies.
Rajan's exit will neither affect the RBI's de facto independence nor its working.
Gandhi used a purported audio clip to allege that Goa Chief Minister Manohar Parrikar is 'blackmailing' Modi.
A key hindrance to a faster turnaround of these banks is the slow progress in the resolution of legacy bad loans and the need to build up provisions against those assets.
The AIADMK's staying power is not in question, but it has to regain the winning streak. That will require its leaders and leadership to re-wire themselves, to be able to re-think situations in ways different from what they had been accustomed to, suggests Sathiya Moorthy.
'There are more young people in Assam who are unemployed than possibly anywhere else.'
It was a many splendoured political career, which ended at the presidential palace. But the prime minister's post eluded him, even though it was a position he openly aspired for.
The proposed move to withdraw the DDT would help encourage investments by addressing multiple taxation of income and bringing down the effective tax rate on companies, which is among the highest in the world.
Removal of this status means India can now enhance customs duties to any level on goods coming from Pakistan.
Admittedly, EVMs too have a UID number and any convergence of data can make the secret ballot system a party of history, warns Dr Gopal Krishna in the 5th part of his series against Aadhaar.
Although the future of Direct Benefits Transfer (DBT) on liquefied petroleum gas (LPG) is uncertain for now, the upcoming vote-on-account is likely to account for about Rs 1,300 crore that was transferred to the bank accounts of customers in the form of subsidy.
'The world is going to be more insular.' 'What India needs to do is develop the domestic market for domestic consumption.' 'The emphasis has to be on Bharat as against India.'
GST Bill needs a two-thirds majority in each House.
P Chidambaram rejected Prime Minister Narendra Modi's veiled charge that Sonia Gandhi was an "unconstitutional authority."
Here's everything you need to know about the Goods and Services Tax Bill.
Aimed at creating a single tax for goods and services across the country, government on Friday introduced the long-pending GST Bill in the Lok Sabha for roll-out of the new regime from April 2016 subsuming various levies like entry tax and octroi.
The deadline for officers to decide on their career path in the biggest organisational rejig in the central bank's 85-year history ends on January 31. The immediate fallout could be its disruptive impact on the supervisory process for 2020 -- and beyond -- given the manpower shortfall, even as more entities are set to come under closer central bank scrutiny.
'The Elgar Parishad turned out to be the first rallying cry against the BJP and RSS in Maharashtra.' 'The speakers took a vow not to vote for the BJP.'
India said it firmly believes that a peaceful and secure neighbourhood will yield "rich dividends" for SAARC nations.
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