Page 20 - Economic Slowdown

India's air passenger traffic records 3-5% negative growth in FY20: Icra

A gradual recovery in domestic traffic is expected once the commercial air services are restored

Investment pipeline in economy chokes as key indicators show deterioration

Gross fixed capital formation - an indicator of investment demand -as a percentage of GDP, fell to nearly two-decade low

Contraction in Indian economy due to Covid-19 may be short-lived: UBS

"The potential slowdown of the economy will be determined by the duration of the lockdown, and the economic policy choices taken to ensure a safe recovery," said Tanvee Gupta Jain

Covid-19: Amid economic slump, banks' credit costs, NPAs to rise in 2020

The report noted that an additional USD 300 billion spike in lenders' credit costs and a USD 600 billion increase in (NPAs) will occur in 2020 due to the adverse impact of coronavirus pandemic

IndusInd Bank, SBI tumble as Moody's downgrades sector outlook to negative

Stating that asset quality will deteriorate, Moody's said a sharp decline in economic activity and a rise in unemployment will lead to a deterioration of household and corporate finances.

Coronavirus outbreak, recession cloud credit quality outlook, says CRISIL

Moody's, too, revises outlook on Indian banks to negative

Direct tax mop-up falls short by record Rs 1.45 trn of revised estimates

Official figures showed that the gross amount collected under direct taxes as of March 31 was Rs 12.11 trillion

Best of BS Opinion: Economies after Covid-19, tough times for IT, and more

Business Standard opinion pieces for the day talk about the fiscal and other aspects of the pandemic.

New projects dip in March quarter amid economic slowdown, coronavirus

The value of new projects were Rs 7000 crore lower in the three-month period ending March 2020, showed data from project-tracker Centre for Monitoring Indian Economy

GST collection slips below Rs 1 trillion in March after four months

The numbers pertain to GST paid in February but collected in March, suggesting that collections might turn grimmer going forward.

After the lockdown

Planning for the revival of the economy

Best of BS Opinion: The Covid-19 battle, economic dislocation, and more

Business Standard Opinion pieces for the day talk about various economic aspects of the pandemic

Apparel industry could lose Rs 1 trn due to lockdown, say manufacturers

It has requested the government to consider both wage subsidies and working capital support

Non-food loan growth pace decelerates to 7.3% in February 2020 from 13.2%

Bankers said the tepid credit off-take was reflection of elongated economic slowdown and demand

RBI pulled out its bazooka to tackle Covid-19 slowdown: Experts on rate cut

The RBI said it was maintaining its "accommodative" stance, and would keep its position "as long as necessary" to revive growth, while ensuring inflation remained within target

Moody's cuts India 2020 GDP forecast to 2.5%; global growth to dip to -0.5%

Over the next few months, Moody's expects job losses across countries to accelerate

Monsoon cheer

India must grab some of the space vacated by China

Covid-19 relief: FM announces Rs 1.7 trn plan for poor, migrant workers

Package announced includes both food security and cash transfer components

FM Sitharman to announce economic package to deal with Covid-19 impact

Earlier this week, the Finance Minister had said a package is under works and will be announced soon.

Treat taxpayers with empathy amid Coronavirus: CBIC chairman to officers

Covid lockdown has acted as a double whammy for the already struggling economy and slowing revenues