The International Monetary Fund Deputy Chief Economist, Petya Koeva Brooks, in an interview to PTI on Friday also made a strong case for an additional economic stimulus to address the impact of the pandemic on the country's economy

\"Timely delivery of safe and effective vaccines across all countries is critical to ending the pandemic, especially as new variants emerge. Developing countries need to strengthen their readiness for vaccination campaigns and develop coordinated strategies to reach vulnerable populations,\" a joint ministerial committee of the World Bank and the IMF said

The April 5-8 poll of more than 50 economists showed retail inflation rose to 5.40 per cent in March from a year earlier as opposed to 5.03 per cent in February. Forecasts ranged from 4.60% to 6.11 per cent

The international community should work together to resist 'vaccine nationalism,' strengthen cooperation and policy coordination to fight against COVID-19, and improve the accessibility and affordability of vaccines in developing countries in a meaningful way, Yi Gang, Governor of the People's Bank of China said

India's debt to GDP ratio increased from 74 percent to 90 percent during the COVID-19 pandemic, the International Monetary Fund has said

Without them, without those fiscal and monetary measures, the global contraction last year would have been three times worse. This could have been another Great Depression, IMF Managing Director Kristalina Georgieva noted

Sensex closed 460 points higher at 49,661 and Nifty gained 135 points to 14,819

RBI Governor Shaktikanta Das says MPC kept its estimate for economic growth unchanged at 10.5 per cent for FY22. MPC also saw inflation edging up to 5.2 per cent in first half of new fiscal from 5% in January-March period and moderate to 4.4 per cent in Q3

The change in the 2021 forecast for India is minuscule compared to earlier projections, IMF chief economist Gita Gopinath said

The central bank had projected CPI of 5.2 to 5% in the first half (August to September) of 2021-22. The new forecast is an indicator of the hardening of inflation in the economy

RBI MPC meet announcements: GDP growth forecast for FY2021-22 has been retained at 10.5 per cent, consisting of 26.2 per cent in Q1, 8.3 per cent in Q2, 5.4 per cent in Q3 and 6.2 per cent in Q4

Reserve Bank of India's Monetary Policy Committee decides to retain its 'accommodative' policy stance; projection of real GDP growth for 2021-22 is retained at 10.5%

Experts say spurt in Covid-19 cases is a worry. After seeing expansion in third quarter post entering recession in previous two quarters, country is expected to grow at 1 per cent in fourth quarter ending March. But growth may slip further sequentially

UBS Securities India chief economist Tanvee Gupta-Jain on Tuesday retained the earlier house view of 11.5 per cent GDP growth this fiscal, saying the second wave has come as they were planning to upwardly revise growth forecast

India is the only country expected to register a double-digit growth this fiscal.

The RBI had said two months ago that urban demand and demand for contact-intensive services are expected to strengthen with the substantial fall in COVID-19 cases but things have changed since then. Here's what the central bank will have to factor in while announcing GDP and inflation projections

Stock Market News Update Today: Out of 30 stocks on BSE, 25 ended in red, with Bajaj Finance, IndusInd Bank, State Bank of India, Axis Bank, Bajaj Finserv emerging as top losers, dropping between 4-6 per cent

The Monetary Policy Committee (MPC), RBI's rate-setting panel, is also likely to maintain the policy stance accommodative at the next policy review to be unveiled on April 7, say experts

The RBI is trying its best to keep the interest rates low to support the economic recovery and also facilitate government's huge borrowing plan in 2021-22

The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) as well as currency and bond markets remained closed for trading on the occasion of Good Friday