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Covid-19 aftermath: Exports plunge by record 60.28% in April in India, trade deficit lowest in 4 years

Covid-19 aftermath: Exports plunge by record 60.28% in April in India, trade deficit lowest in 4 years

by pallanus | May 15, 2020 | Business News

Contracting for the second straight month, India’s exports shrank by a record 60.28 per cent in April to USD 10.36 billion, mainly on account of the coronavirus lockdown, said an official. Imports too plunged by 58.65 per cent to USD 17.12 billion in April,...
Sensex, Nifty subdued after poor reaction to economic package

Sensex, Nifty subdued after poor reaction to economic package

by pallanus | May 15, 2020 | Business News

Indian shares ended Friday little changed after details on the government’s economic package failed to impress investors already worried about rising coronavirus cases and poor earnings reports. The Bombay Stock Exchange (BSE) building is pictured next to a...
Global shares gain as China reports improved economic data

Global shares gain as China reports improved economic data

by pallanus | May 15, 2020 | Business News

Global shares advanced Friday on signs of improvement in China’s economy after it reopened from its pandemic shutdowns. Benchmarks in Europe opened higher following an upbeat session Friday in Asia. Factory output rose in April as China’s virus-battered economy...
Covid-19 package: Rs 1 lakh crore for agriculture infrastructure

Covid-19 package: Rs 1 lakh crore for agriculture infrastructure

by pallanus | May 15, 2020 | Business News

Finance Minister Nirmala Sitharaman on Friday announced a special package of Rs 1 lakh crore for creating agriculture infrastructure. It will help strengthening the chain of cold storage and other aspects of supply chain for agriculture sector. The third tranche of...
Nirmala Sitharaman PC LIVE: FM likely to announce relief for tourism, aviation sectors

Nirmala Sitharaman PC LIVE: FM likely to announce relief for tourism, aviation sectors

by pallanus | May 15, 2020 | Business News

Finance Minister Nirmala Sitharaman is live with the third tranche of measures under the Rs 20-lakh crore package for the revival of the economy hit by novel coronavirus outbreak. Here are the live updates from the press conference. Finance Minister Nirmala...
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  • Fiscal deficit widens to 4.6% of GDP in 2019-20 on account of poor revenue realisation
  • GDP: 3.1% for March quarter, 4.1% for year. But it is not due to coronavirus
  • Smaller Indo-US trade deal to be inked in coming weeks, says Indian envoy to US
  • Core sector output contracts by record 38.1% in April owing to coronavirus lockdown
  • GDP for 2019-20 Q4 plummets to 3.1%, full year growth at 4.2%

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