India needs to address massive job losses; strengthen public healthcare for COVID-19 and beyond; develop institutional mechanisms and leadership to respond to emergencies; devolve decision-making and funding to states, local bodies and scale up public spending to infuse life into the economy, all of which call for structural changes

Another round of fiscal stimulus could include package for MSMEs, bank recapitalisation, DBT for poor among other expenditures

Vista Equity Partners will invest Rs 11,367 crore into Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore, Reliance Industries and Jio Platforms announced today; The spread of the deadly coronavirus across the globe from China was either a terrible mistake on the part of the Chinese or probably it was incompetence, US President Donald Trump said on Thursday; Debt monetisation or printing of notes should not be a constraint on government spending today, says Raghuram Rajan, former Governor of RBI. Watch the video for more.Also Read: $1.5 billion impact! Coronavirus lockdown, supply disruptions badly hit pharma exports

Mukesh Ambani's Jio Platforms scores hat-trick; bags Rs 11,367 cr investment from Vista after FB, Silver LakeVista Equity Partners will invest Rs 11,367 crore into Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore, Reliance Industries and Jio Platforms announced today. This investment will translate into a 2.32 per cent equity stake in Jio Platforms on a fully diluted basis, making Vista the largest investor in Jio Platforms behin...

Raghuram Rajan says there is a lot of concern in some quarters about central banks printing money to finance large budget deficits. And in other quarters there is concern that central banks are doing too little of it

Banerjee advocates for handing out ration cards to everybody to fulfill food demand and create more space for upcoming wheat and rice crop storage in the government facilities

Noted economist and former Governor of RBI, Raghuram Rajan, said that COVID-19 lockdown could not last forever and India needed to be 'cleverer' about the reopening. His comments came during a conversation with senior Congress leader Rahul Gandhi. Rajan said that India needed to reopen businesses as livelihoods of millions were at risk due to the extended lockdown but the reopening had to be measured. \"There is an urgent need for the government to support the country's poor\", he added. Watch the full interview for more.Also Read: RBI extends regulatory benefits to all banks to meet mutual funds' liquidity

On being asked about what's needed to help the poor population in India, the noted economist said,\"India will need a budget of Rs 65,000 crore to help the poor. India should do this\"

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The FM says those who did not repay despite having the capacity to pay, divert or siphon-off funds, or dispose of secured assets without bank's permission were categorised as \"wilful defaulters\"; they are those well-connected promoters, who benefitted from UPA's 'phone banking',she alleges

Reserve Bank of India may revisit old corporate debt restructuring schemes as current regulatory framework of dealing with stressed assets would only accelerate bankruptcies

The former Reserve Bank of India (RBI) Governor rejected the claims as fake news in a post on his LinkedIn account.

While starvation is just one of the concerns, unexpected loss of income and savings can have serious consequences, even if meals are secured for now, said economists

Most coronavirus-hit European countries are taking strong fiscal steps to protect small businesses, is India doing enough

Raghuram Rajan said that the world is certainly in a deep recession and the economy is expected to recover next year if adequate measures are taken to prevent a recurrence of the pandemic

Rajan, 57, who was the Reserve Bank of India (RBI) governor for three years until September 2016, is currently working as a professor at the prestigious University of Chicago

\"To serve our membership well in this context, we need top-notch input and expertise from the widest range of sources, inside and outside the Fund,\" IMF MD Kristalina Georgieva said

The GDP growth may see an upside of 4 per cent for the fiscal year 2020-21 if the situation normalises by next month, says UBS

A snap poll conducted by apex industry chamber Confederation of Indian Industry (CII) on 200 chief executives across sectors found majority of them fearing their revenues would fall more than 10 per cent and profits dip by over 5 per cent during the first six months of the current year 2020-21; Prime Minister Narendra Modi on Sunday spoke to former Presidents, Prime Ministers and leaders of Opposition parties as India continues to witness a spike in coronavirus infections and deaths; Former Reserve Bank of India (RBI) Governor Raghuram Rajan said that the Indian economy was facing the 'greatest emergency' since Independence, more acute than the global financial crisis in 2008-09. Watch this and more on News Blast.Also Read: Coronavirus outbreak: Increase testing to avoid another lockdown, says ex-RBI chief Urjit Patel

Government should now plan about how to restart the economic activity in the low-infection regions with enough precautions since lockdown can't be continued for longer periods, Rajan said in a blog