The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) voted unanimously to leave the policy repo rate unchanged at 4 per cent. At the same time, the marginal standing facility and bank rate also remained unchanged at 4.25 per cent, while the reverse repo rate too remained unchanged at 3.35 per cent.

The COVID-19 pandemic-induced lockdown coupled with other restrictive measures to contain the disease has adversely impacted the prospects of the Indian logistics sector, especially the road freight transportation movement, rating agency ICRA has said in a note.

Investment information and credit rating agency, ICRA has revised the outlook on the logistics sector from ‘Stable’ to ‘Negative’ given the prevailing circumstances and its near impact on the industry metrics.

Announcing measures like cut in the repo rate and further measures to support the market through video conferencing , Reserve Bank of India Governor, Shaktikanta Das on Friday stated that citizens must have faith in India’s resilience and capacity to overcome all odds.

CW’s webinar discusses the current economic scenario, the stimulus package, what can be done to revive the economy, and more...

Research and advisory firm CRISIL, has revised its growth outlook for India in FY2021 down to 1.8 per cent, from the 3.5 per cent estimated earlier, factoring the nationwide lockdown to stem the Covid-19 pandemic.

COVID-19 might have put the world in a miserable spot, but optimists have already spotted light even when the tunnel is yet to be crossed.

"Make in Steel 2020" Seeks Forging of Stronger Ties for Growth

The National Highways Authority of India (NHAI) had expected to construct about 500km of roads in March, but that could not happen after the COVID-19 pandemic forced a nationwide lockdown.