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Ind-Ra cuts economic growth forecast for India to 3.6%

Domestic credit rating agency India Ratings (Ind-Ra) on Monday cut its FY21 growth forecast to 3.6 percent amid coronavirus-related worries. It has assumed that a full or partial lockdown

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Fitch Solutions cuts India GDP growth forecast to 4.6% for FY21

Fitch Solutions on Monday slashed its estimate for India’s GDP growth in the fiscal starting April 1 to 4.6 per cent due to weaker private consumption and contraction in

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Coronavirus pandemic | India orders banks to remain open during lockdown

India has directed all its banks to remain operational during the three-week coronavirus lockdown as part of essential services and to ensure welfare cash schemes that are part of

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Coronavirus | Banks may reactivate some inoperative Jan Dhan a/cs to facilitate govt cash transfers

State-run banks are examining the feasibility of reactivating some inoperative Jan Dhan accounts so that these bank accounts can receive money under the recently announced government cash transfer scheme

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May not have seen market bottom yet, but quality stocks available at reasonable valuations: Mahesh Patil

A near 35-percent market correction over the last couple of weeks has provided an opportunity to buy good blue-chip and quality names at reasonable valuations, Mahesh Patil, Co-Chief Investment

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India to grow fastest among G20 economies despite coronavirus impact, says EIU report

Despite the coronavirus cases growing daily, India will rise as the fastest growing economy among the G20 contries, says a report by Economist Intelligence Unit (EIU), who in the light

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SBI cuts retail term deposit rates by 20-50 bps across tenors

State Bank of India (SBI) on March 27 reduced interest rates for reduced retail term deposit by 20-50 bps across

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Coronavirus pandemic | Will consider Pakistan#39;s request for financial aid to cope with COVID-19 outbreak challenges: IMF

The International Monetary Fund (IMF) has said it would consider Pakistan’s request for financial assistance to cope with the

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Coronavirus pandemic | Donald Trump signs $2 trillion COVID-19 stimulus bill, tells Americans #39;help is on the way#39;

US President Donald Trump has signed into law the historic $ 2 trillion rescue package, setting in motion a

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Bruised Indian economy to be battered further by coronavirus: Poll

India’s already-slowing economy weakened to at least an eight-year low this quarter and will slow even more sharply in

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Sidbi to provide loans up to Rs 50 lakh to MSEs manufacturing medical supplies to fight COVID-19

Small Industries Development Bank of India (Sidbi) on Friday said it will provide loans up to Rs 50 lakh

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From rate cuts to liquidity measures, RBI goes all guns blazing: 8 key takeaways from RBI policy

The Reserve Bank of India (RBI) announced a huge 75 basis points rate cut on March 27, bringing it

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RBI announcements to safeguard economy from impact of coronavirus: PM Modi

Prime Minister Narendra Modi on Friday said the Reserve Bank of India (RBI) had taken giant steps to safeguard

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RBI measures will boost economic activities: Prakash Javadekar

Union minister Prakash Javadekar on Friday said the RBI’s measures to help businesses tide over the economic crisis in

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Slashed interest rate needs quick transmission: FM Sitharaman

Finance Minister Nirmala Sitharaman on Friday asked banks for “quick transmission” of slashed interest rate as the RBI cut

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India#39;s electricity use falls to lowest in five months due to lockdown

India’s electricity use fell to the lowest in nearly five months on the first day of a nationwide lockdown

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RBI#39;s decisions progressive, timely: J P Nadda

Describing the RBI’s decisions, including lowering the repo rate, as progressive and timely, BJP president J P Nadda said

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Massive bazooka amounts to 3.2% of GDP; RBI hints at unconventional methods if needed: Experts

The Reserve Bank of India on March 27 used the majority of conventional methods to fight COVID-19-led economic issues.

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Policy | Zero is not too far from 4.4; Repo at record low, inching towards CRR

Reserve Bank of India (RBI) Governor Shaktikanta Das on March 27 delivered the second biggest single stroke repo rate

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