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World economy at its worst due to COVID-19. We have reassessed the prospect for growth for 2020 and 2021. It is now clear that we have entered a recession – as bad as or worse than in 2009 – IMF Chief

COVID-19 on the global economy is the risk of a wave of bankruptcies and layoffs capable of eroding the fabric of the societies. The world’s economy has entered a recession and requires massive funding to help developing nations, Ms Kristalina Georgieva has declared. Georgieva, the Managing Director of the International Monetary Fund (IMF), explained that […]
Business

It is our firm resolve that the poor and vulnerable get all possible help to cope with the testing times – Narendra Modi

The Union Finance & Corporate Affairs Minister Smt. Niramla Sitharaman today announced Rs 1.70 Lakh Crore relief package under Pradhan Mantri Garib Kalyan Yojana for the poor to help them fight the battle against Corona Virus. While addressing the press conference here today, Smt. Sitharaman said “Today’s measures are intended at reaching out to the […]
Business

Union Government will soon announce economic relief in the wake of Covid-19 outbreak, measures to boost economy.

Union Finance Minister Nirmala Sitharaman has said the Modi government will announce an economic package for the coronavirus-hit sectors “as soon as possible”. Without mentioning a tentative date by which the package could be announced, the FM said several ministries were coming up with their suggestions and that the task force will analyse all those […]