Page 47 - Gdp Growth

Sooner than later, govt will accept our suggestions on economy: Chidambaram

A stubborn government has no choice and must listen to experience and wise counsel, says Chidambaram

Last rate cut for now but there're more bullets in RBI's chamber

Following this, the reverse repo rate, or the rate at which the banks perk extra liquidity with the RBI, was reduced to 3.35 per cent from 3.75 per cent - both at their historic lows.

Fiscal stimulus by FM is mostly credit oriented, says Subhash Chandra Garg

He said that the fiscal stimulus, by its very nature, is additional fiscal burden on the public finances

Lockdown 3.0, global tension rattle markets; Sensex, Nifty crash nearly 6%

The Sensex closed at 31,715, down 2,002 points, or 5.94 per cent - its biggest single-day loss since March 16.

Top biz headlines: India Inc plays safe, IT clients fear data leak and more

Here are the top 10 business headlines this morning

Lockdown extension beyond May can lower growth to zero, says CRISIL

The sharp deceleration in growth and increased income uncertainty is certain to pull demand down, it says

India Inc may see 15% fall in profits in FY21, 10% revenue decline: Crisil

At present, the country is under a 40-day lockdown till May 3, and there are indications of it being gradually withdrawn.

GDP likely to grow at 1.9% if lockdown is lifted in mid-May: India Ratings

Meanwhile, CRISIL has cut estimates of India's FY21 economic growth rate to 1.8% from earlier 3.5%

Fitch Ratings sees India growth dipping to 0.8% in FY21 from estimated 4.9%

The rating agency predicted two consecutive quarters of contraction or negative year-on-year growth in current fiscal -- (-)0.2 per cent in April-June and (-)0.1 per cent in July-September

HFCs: Home alone

'The burden of unsold inventory of over half a million housing units in the top 7 cities will worsen due to impact of the pandemic. Business process re-engineering will hold the key to the future'

Existing investors must book partial profits in gold to cut portfolio risks

New ones should build their allocation gradually upon corrections

Coronavirus outbreak: India Inc asks RBI for one-time loan recast

Analysts have already predicted that due to the lockdown, India's economic loss will be close to $ 234.4 billion or 8.1% of GDP

Carry forward structural economic reforms

Tackling Covid-19 should open the door for urgent economy-wide reforms

Corporate India braces for $26-bn a week loss amid coronavirus outbreak

Nation may lose close to over $5 bn due to lockdown, says Ficci

Covid-19 lockdown: May take two or three quarters for normalcy to return

We need to get used to the "new normal" now and calibrate our expectations accordingly

Economy needs more govt support

Lockdown was a brave decision. Now, policy-making requires a similar display of boldness

'Covid-19 hangs over future like spectre': RBI in Monetary Policy Report

While efforts are being mounted on a war footing to arrest its spread, Covid-19 would impact economic activity in India directly through domestic lockdown, the central bank has said

Goldman Sachs slashes India's FY21 real GDP growth forecast to 1.6%

While the fiscal easing so far has been limited, they do expect more fiscal measures by the central and the state governments.

Covid-19 impact: Indian economy likely to grow 2% in FY21, says Icra

The rating agency said nationwide lockdown announced to contain the coronavirus outbreak has impacted industries

SC to hear PIL seeking declaration of financial emergency after 2 weeks

The plea filed by Centre for Accountability and Systemic Change (CASC) came up for hearing before a bench of Justices L Nageswara Rao and S Abdul Nazeer