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Reserve Bank of India steps in to bail out industry, MSME’s. The central bank will ensure adequate liquidity in the system to ease the financial stress caused by the Covid-19 pandemic.

RBI to ensure adequate liquidity in system; cuts reverse repo rate by 25 bps Mumbai, Apr 17 The Reserve Bank of India Governor Shaktikanta Das on Friday said the central bank will ensure adequate liquidity in the system to ease the financial stress caused by the Covid-19 pandemic. The central bank reduced the reverse repo […]
Business

Govt issues set of new guidelines for the extended lockdown. All finance related institutions and health related services will remain fully functional.

The Center today notified a new set of guidelines in light of the extension of the nationwide lockdown till 3rd of May. In order to mitigate the hardship for the public and relax provisions for the daily wage workers and farmers, select additional activities have been allowed which will come into effect from 20th of […]
Breaking News Business

COVID-19 impact on world economy. Global trade will plunge by up to a third in 2020 amid pandemic: WTO

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Global trade could plummet by a third this year due to the coronavirus pandemic, the World Trade Organization (WTO) said Wednesday, warning the deepest recession “of our lifetimes” could be on the horizon. “COVID-19 has completely upended the global economy and with it international trade,” WTO chief Roberto Azevedo told reporters in a virtual
Business World

COVID-19 pandemic : Japan set to announce coronavirus emergency, Japanese Prime Minister Shinzo says Japan prepares near $1 trillion stimulus

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COVID-19 pandemic : Japan set to announce coronavirus emergency, Japanese Prime Minister Shinzo says Japan prepares near $1 trillion stimulus. TOKYO – Japanese Prime Minister Shinzo Abe pledged that his government would do its utmost to protect people’s lives as he prepared to declare a state of emergency on Tuesday to stem a worrying rise […]
Business

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

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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 […]

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How to make India future-ready? In an era of ever changing uncertainties.The truth of the matter is India’s monumental blunder years after years in preparing for the future. Have you ever realized that you are remembered only once in five year to vote & the rest of the time, you are treated as an unwanted object.Corruption? Incompetence? Bad planning?. Political corruption is always hard to fathom. Sure, greed typically is the devil paving the road toward graft. But the potential consequences are so severe for persons held in high esteem you would think any sane politician would run from the risk. Indian Affairs led by Satya Brahma, the visionary founder chairman & Editor—In-Chief of the illustrious Network 7 Media Group attempts to make an impact as he makes you the supreme.