They noted that the pandemic hadn't destroyed the economy's production capabilities, and once the situation starts normalising, domestic demand would need to be stimulated swiftly
Lockdown was a brave decision. Now, policy-making requires a similar display of boldness
Business Standard brings to you the top headlines of the day
In the second part of a series, the authors say the current uncertainties require room for discretion to serve as a necessary handmaiden of rules that cannot alone cater to all contingencies
Repayment moratorium should be extended to NBFCs
Calls for fiscal stimulus and monetary overreach will not help deal with the pandemic's economic consequences
The only way to save the financial system and the economy is the Reserve Bank relaxing banks' asset classification norms
In its April Monetary Policy report last week, the Reserve Bank of India said the global economy is expected to go into recession after taking into account the impact of the Covid-19 pandemic
These investors are yet to approve the moratorium on underlying loans and reschedule most PTC repayments
Business Standard brings to you the top headlines of the day
RBI had announced a relief package which included a three-month moratorium on payment of all term loans outstanding as on March 1, 2020
The 10-year bond yields closed at 6.49%, which is more than 200 bps above the policy repo rate
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
In a letter to PM Narendra Modi, RBI director said the lockdown, imposed to contain spread of Covid-19, and the earlier slowdown have disrupted operations of manufacturing units
The developments comes as rupee recovered from record low levels to settle 6 paise higher at 76.28 against the US dollar
Companies have reached out at a higher rate than before to assuage investors
As India manages life under a 21-day lockdown, the government and the RBI have moved to help the economy and the poorest. A look at who gains from these moves and who loses out
You can raise cheaper personal loans online to repay unsecured loans. For home loans, banks are taking documents online, but property verification may take time
There may be no official word yet on how the Centre's tax revenue assumptions for the current year have gone awry
According to the schedule, 19 states had lined up to borrow up to Rs 37,500 crore, but they managed to raise Rs 32,560 crore.