India’s economic recovery could face major roadblocks if the Covid-19 situation continues to deteriorate. On Thursday, the country reported over 4 lakh daily cases and nearly 4,000 deaths. Read more..
After eight years, India and the European Union are set to resume negotiations for an ambitious and comprehensive free trade agreement. An announcement on the formal resumption is expected to be made at a virtual summit between Prime Minister Narendra Modi and top leadership of the 27-nation grouping on Saturday. Read more..
The domestic rating agency ICRA has cut the growth estimate of India for 2021-22 by 0.5 percent on the upper end, and now expects the economy to grow 10-10.5 percent in 2021-22 as against 10-11 percent estimated earlier. Read more..
The bank said the new currency, if it comes to pass, would be a new form of digital money for use by households and businesses and would exist alongside cash and bank deposits, rather than replacing them. Read more..
The raging second wave of Covid-19 infections in India is threatening to derail the gradual recovery the economy has achieved in the last one year, the trajectory of the Nomura India Business Resumption Index (NIBRI) indicates. Read more..