Page 30 - International Monetary Fund

The case for deeply negative interest rates

Such a policy, backed up by measures to prevent cash hoarding by financial firms, can solve many of today's problems

Saudi Arabia triples taxes, cuts $26 bn in costs amid Covid-19 pandemic

Despite efforts to diversify the economy, the kingdom continues to rely heavily on oil for revenue.

Statsguru: Migrant workers' exit to job crisis, victory over Covid-19 tough

Joblessness is rising, migrants are returning home in India, and macroeconomic fundamentals are deteriorating

Covid-19: India tally close to 60K mark; Russia reports 10,000 new cases

Russia, which has emerged as a new Covid-19 hotspot in Europe, on Friday registered more than 10,000 new Covid-19 cases, for a sixth straight day

IMF approves $18 bn emergency financing for 50 countries during Covid-19

In order to ensure full transparency and prevent any misuse of funds, the IMF asked member countries who apply for financing to commit that it is only used for urgent purposes related to Covid-19.

Remembering Deepak Lal: The last of the true intellectuals?

Deepak put a lot of premium on evidence, hard evidence, and was a pioneer in thinking about poverty and inequality

Refunds save the day for April direct tax collection; mop-up down 5%

Gross direct tax collection stood at Rs 41,556 crore in April, as against Rs 43,950 crore in the corresponding period last year

The lingering effect of Covid on services trade

The International Monetary Fund and the World Trade Organization have predicted massive losses in economic growth and international trade

Beating the pandemic of recession

Money should not be a consideration in protecting jobs, people and industry as the economy nosedives

'Toilet man of India': Journo-turned-civil servant wears this tag proudly

Parameswaran Iyer talks to Ruchika Chitravanshi about why he decided to give up his journalism job to sit for the civil services examination... and all that followed...

The fiscal response challenge

In terms of policy response, governments and central banks are intervening aggressively in the advanced economies

Centre seeks India Inc's view on economic revival amid Covid-19 outbreak

Key demands and suggestions include improving liquidity, cutting customs duties and goods and services tax (GST) rates, expediting all refunds and a halt on tax scrutiny

Need exceptional measures to help countries deal with Covid-19: IMF MD

The IMF last forecast the global economy would contract by 3% in 2020 due to the pandemic, marking the steepest downturn since the Great Depression of the 1930s

Statsguru: The trail of Covid-19 destruction and a resulting recession

According to the International Monetary Fund, the pandemic is expected to cause the biggest recession since the Great Depression

Small businesses still waiting for stimulus package

The fall in March trade figures is only the beginning of a trend that is likely to continue in the first quarter of this fiscal year

Covid-19: Global economic contraction in H1 of 2020 inevitable, says IMF

The IMF managing director said the immediate priority was to minimise the pandemic's human toll and economic disruption

Dangerous crossroads: Extraordinary steps have the habit of becoming habits

Printing money to fund crisis measures is not without risk; countries like the US might get away with it, but the price for excess is always greater for a developing country, writes T N Ninan

Covid-19 relief: Here are the steps taken by the RBI to fight slowdown

Among other important announcements, he announced a reduction in reverse repo rate by 25 basis points from 4 per cent earlier to 3.75 per cent now

Covid-19: India gets $5.9 mn US aid; assures Bhutan, Seychelles of help

The State Department and the US Agency for International Development have now committed nearly $508 million in emergency health, humanitarian, and economic assistance

IMF needs to maintain global financial stability amid Covid-19: Sitharaman

Sitharaman, in her intervention, outlined various measures taken by India to deal with the health emergency