While government claims on tax compliance and GST collections paint a healthier picture of the economy, tax-to-GDP has fallen for two consecutive years and tax collections across the board in the first half of FY21 are nowhere close to FY20, indicating that trouble is far from over

This is a nebulous idea designed to mean anything and everything under the sun without the burden of economic logic, facts and evidence

Many market players hedged early, Swiss Re Chief Executive Christian Mumenthaler said, figuring the COVID-19 respiratory disease would spread around the world after first being identified in Wuhan, China, late last year

Service firms and new age companies such as MakeMyTrip, Droom and BookMyShow are restoring the compensation of their employees to the original level; Future Retail has filed an urgent caveat petition before the Delhi High Court in anticipation of legal action by Amazon against its deal with Reliance Industries; Gita Gopinath, chief economist of the International Monetary Fund (IMF), has pitched for fiscal stimulus to mitigate the economic impact of coronavirus crisis. Watch this and more on News Blast.Also Read: Why IT stocks are on fire ahead of US Presidential election results

IMF's Gita Gopinath bats for fiscal stimulus to revive global economiesGita Gopinath, chief economist of the International Monetary Fund (IMF), has pitched for fiscal stimulus to mitigate the economic impact of coronavirus crisis, citing the pandemic has pushed the global economy in a liquidity trap. Gopinath highlighted that central banks across the world have taken strong measures to improve liquidity situation and have brought down policy interest rates aggressively, leaving little space ...

After the third stimulus package last month, Finance Minister Nirmala Sitharaman had said that the option for another stimulus package has not been closed

The Ministry of Finance said, that no PSBs except Bank of Baroda have increased such charges recently

So far as Regular Savings accounts, Current Accounts, Cash credit accounts & Overdraft accounts, the charges will not be revised upwards in the \"near future\"

So far, the promoter SBI has committed the highest amount of Rs 13,000 crore followed by Central Bank of India, Punjab National Bank, HSBC, Bank of Baroda and Sumitomo Mitsui Banking Corporation

While there's an air of melancholy due to Australian cricketer Shane Watson leaving, people are expressing their gratitude to him and wishing him well for his future endeavours

The IMF chief economist said that fiscal policy must play a leading role in the economic recovery by creating demand through cash transfers to support consumption and large-scale investment in medical facilities, digital infrastructure and environmental protection

The UNCTAD report also said that it expects South Asia to contract 4.8 per cent and South-East Asia to dip 2.2 per cent. South Asia is expected to recover 3.9 per cent in 2021, while South-East Asia is expected to pull up 4.3 per cent

Modi government recently introduced three new farm bills with the promise to remedy the agricultural sector of its malaises, but these have been met with protests across India. We take a look at what promise do these bills hold for farmers

The COVID-struck Indian economy is set to shrink by a colossal 10.3 per cent this year, the IMF said in its World Economic Outlook report titled 'A Long and Difficult Ascent'

Gopinath believes the recent passing of three new labour codes and farm reform bills will provide jobs, some direct support and pave the way for more demand while strengthening supply chain

IMF Chief Economist Gita Gopinath talks about the state of Indian and world economies in the age of Covid-19 and the road ahead. Explaining IMF's growth forecast for India. she throws light on what one can expect from the next quarter. This is the second downgrade for India by the IMF after it reversed its forecast of 1.9% growth in April to a 4.5% contraction in June for 2020-21. Watch the full interview.Also Read: Online furniture segment sees sudden spurt in growth post COVID-19

The IMF forecast a 2020 global contraction of 4.4% in its latest World Economic Outlook, an improvement over a 5.2% contraction predicted in June, when pandemic-related business closures reached their peak

IMF, however, projected that the Indian economy will deliver an impressive recovery with 8.8 per cent growth rate in the next fiscal, higher than the 6 per cent growth it had predicted in June

In 2003, Business Today was the first publication to identify the Most Powerful Women (MPW) highlighting the achievements of women in the areas of business, economy and policy in India

In a covid-hit world, Gita Gopinath has her task cut out as IMF's first woman Chief Economist