India’s overall international reserves stood at $411.9 billion at the end of March this year. Reuters
Indian Finance Minister Nirmala Sitharaman announced a slew of measures on Friday to revive sagging investment in Asia's third largest economy including a cut in corporate taxes.
IMF has cautioned that if inflationary pressure continues, there will be limited room for RBI to cut interest rates to support growth. “On monetary policy, given the sharper-than-expected slowdown
Bangladesh Prime Minister Sheikh Hasina has arrived in India for a visit during which she is expected to sign agreements on increasing trade and investment and improving regional connectivity.
Although India’s economic growth rate has been cut to 6.1 per cent for the current fiscal year, it still remains “very strong” by global standards, International Monetary Fund’s (IMF) Deputy Research Director Gian Maria Milesi-Ferreti said.
Opec and allied nations agreed on Saturday to extend a production cut of nearly 10 million barrels of oil a day through the end of July, hoping to boost energy prices hard-hit by the coronavirus pandemic.
G20 members and invited countries have pledged more than $21 billion to fight COVID-19 and, with a spirit of solidarity, have shown they will spare no effort to protect lives and the most vulnerable.
Emaar chairman Mohamed Alabbar has told the UAE’s leading contractors that they must prepare for a new way of working as the economic activity gradually starts to pick up.