Economy

Economic Activity Contracts in India with PMI at 30.8 in May

Economic Activity Contracts in India with PMI at 30.8 in May

Indian government announced opening up of many sectors during May.

German Government proposes Euro 5 billion Stimulus package for Automobile Industry

German Government proposes Euro 5 billion Stimulus package for Automobile Industry

German Ministry of Economics has proposed a Euro 5 billion stimulus package to help automobile industry, facing tough times due to coronavirus pandemic and lockdowns across Europe and other parts o

81% Hotel Occupancy Decline in India while Singapore manages with just 29.2%

81% Hotel Occupancy Decline in India while Singapore manages with just 29.2%

Occupancies across hotels in key cities witnessed a sharp decline, as travel restrictions intensified and India continued the lockdown.

Argentina Defaults on Payment; Creditors Ready to Resume Debt Discussion

Argentina Defaults on Payment; Creditors Ready to Resume Debt Discussion

Argentina has defaulted on its sovereign debt for the ninth time.

How are the European and Indian Economies Handling COVID-19?

How are the European and Indian Economies Handling COVID-19?

The global economic outlook for Q1 and Q2 is bleak. In Europe, Italy is the poster child for a country that has been decimated by COVID-19.

MSME Loans at 9.25 percent under Indian Government’s 3 Lakh Crore Package

MSME Loans at 9.25 percent under Indian Government’s 3 Lakh Crore Package

Indian government has clarified that MSME loans announced recently to help micro, small and medium businesses to deal with coronavirus led economic slump will be allocated at a preferential rate of

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