For a republic at work since 1947, decisions on issues of national importance without prior consultation with experts, opposition parties, state governments and other stakeholders are not only inconceivable but come with consequences that could be easily avoided

Earlier this week, Fitch Ratings and Crisil, too, projected a 5 per cent contraction for the Indian economy

In a letter to Tourism Minister Prahlad Singh Patel, FAITH Chairman Nakul Anand has said that viable tourism business will not restart for almost 15 months after the lockdown is lifted

The package is completely aligned to self-professed agenda of the IMF of limiting fiscal spending, relying on liquidity and credit to households, privatising government-run companies and more deregulations for private enterprises. This agenda has brought immense grief to a large number of countries to be comforting

Banks have in-built mechanism to include the cost of default in the interest rate that it charges from the borrowers as way of credit risk premium, which can be increased or decreased by the bank

States finally have headroom to borrow more from the market. But there's a cost to it

Protecting user data, enhanced capital support to start-ups and changes in IT sector laws can transform India into a digitally empowered society

Fitch expects output in emerging markets, excluding China, to fall by 4.5 per cent this year compared to a predicted fall of 1.9 per cent before

Industry leaders are coping with the effects of the coronavirus-induced lockdown on their businesses. Commenting on the Modi govt's management of the crisis, Sajjan Jindal, Chairman, and MD of JSW Group said that he was satisfied with the way govt was trying to make India self-reliant. He added that the crisis was an opportunity for India. India had a large scope of extracting minerals and it could become a major exporter too. He was speaking to India Today TV, as part of the India Today e-Conclave. Watch the video for more.Also Read: Coronavirus impact: State's fiscal deficit to rise to 4.5% of GDP in FY21, says Ind-Ra

Ind-Ra has revised upward its estimate of gross market borrowings of states to Rs 8.25 lakh crore in FY21 from its earlier estimate of Rs 6.09 lakh crore

Stock Market LIVE Updates: ITC, IndusInd Bank, HDFC Bank, Tata Steel, Titan, UltraTech Cement and L&T were among the top gainers on BSE Sensex pack. On the other hand, Bharti Airtel, TCS, Hero MotoCorp and Infosys were among the top laggards

Trade body advises members to only export to countries which have announced stimulus

According to Dun & Bradstreet's latest Economic Observer, the country's economic recovery will depend on the efficacy and duration of implementation of the government's stimulus package

FM said the package was designed for all sectors of the economy and sectors such as automobile, retail, entertainment, among others were not left out. \"Have not excluded anyone. People in any sector can approach banks and get loans,\" she added

Sources in Finance Ministry said that any such proposal would prove to be counter-productive as sales are already low amid lockdown, while industry is facing a deep crisis due to low demand and shortage of labour

P Chidambaram questioned RBI's decision to infuse more liquidity even though economic growth in the financial year 2020-21 is headed towards negative territory

After the Rs 20 lakh crore Atma Nirbhar Bharat stimulus pacakage largely ignored the auto industry, the sector is now expecting some relief by way of GST reduction and scrappage policy

The government has tried to keep deficit financing at minimum despite demand for higher stimulus from economists, states, opposition parties and global experts

China will also issue 1 trillion yuan in special treasury bonds for the first time this year

The government has in its economic stimulus package provided for 5 kg of foodgrain and Rs 500 per month for three months to poor women having Jan Dhan accounts