Finance Minister Nirmala Sitharaman last week asked banks and NBFCs to roll out one-time loan restructuring scheme for COVID-19 related stress by September 15

Debt investors need to tread carefully in the fixed income market as the balance sheets of the two biggest issuers - the government and corporate sector - are not in the pink of health

Though economists are predicting YoY contraction of 16-25 per cent, actual extend of damage by coronavirus and subsequent lockdowns will be clear once report will be released today

The unanimous prediction by experts is that the year-on-year contraction in GDP growth could be anywhere between 16 and 25 per cent

While some experts opined it would aid the tourism industry in overcoming COVID-19 pandemic's impact, others outlined the scheme's guidelines as \"restrictive\" to the NBFCs

The RBI in its assessment has said that the contraction in economic activity is likely to prolong into the second quarter (July-Sept) of 2020-21

Secretary-General Antonio Guterres said in a policy briefing and video address that tourism is the third-largest export sector of the global economy, behind fuels and chemicals, and in 2019 it accounted for 7 per cent of global trade

Prior to the onset of the COVID-19 crisis large numbers of women were excluded from the labour market, while the pandemic has made things much worse, says ILO

Oyo Japan, which is a joint venture between SoftBank's domestic telco unit (in Japan) and the Indian online hotel operator, is setting up a six-member management monitoring panel to set the virus-stricken business right in the country

Domestic travel operators believe they have a fair chance of attracting tourists who usually travel abroad for holidays, but might lose out on this huge business opportunity due to inconsistent policies

The governments need to come up with policy measures to reduce the economic and social fallout arising out of it, the Asian Development Bank (ADB) said in a report

MSMEs body says the industry is not back on its feet yet and needs more support from the regulator to overcome the current crisis

Most bankers, including myself, believe that there is no need for a moratorium beyond August 31, says SBI Chairman Rajnish Kumar

HDFC Chairman Deepak Parekh reasoned that there are borrowers who have the ability to pay but are taking advantage of the moratorium and deferring  payments

The results of the RBI survey pointed out the five sectors- aviation, automobiles, construction, MSME, and tourism & hospitality that are adversely impacted by the coronavirus pandemic

The Monetary Policy Committee (MPC), headed by RBI Governor, is scheduled to meet for three days beginning August 4 and will announce its decision on August 6

Evolving regulations and poor infrastructure are turning out to be pain points for the private healthcare sector, already struggling to manage the virus outbreak

A slowing economy and widespread stress in India Inc. are creating opportunities for promoters and strategic investors to ink M&As, buy back shares and delist

\"We were expecting these numbers to look quite dismal, although this is worse than what we had expected,\" said Steve Cochrane, economist at Moody's Analytics

The yield curve of Jammu and Kashmir is stabilising at a comfortable level despite lockdown and disruption of businesses.But the challenges to the state economy remains