Demonetisation and the subsequent introduction of Goods and Service Taxes (GST) were aimed at lifting Indian economy. But the government's vision has been counterproductive given the way international bodies are calculating India's economic growth
A bench headed by Justice Ashok Bhushan said the Centre had not made its stand clear on the issue despite the fact that ample powers were available with it under the Disaster Management Act and was 'hiding behind the RBI'.
The COVID-19 pandemic will inflict deep disfiguration on the world economy and the shape of the future will be heavily contingent upon the evolving intensity, spread and duration of COVID-19 and the discovery of the elusive vaccine, the RBI said.
The Reserve Bank of India (RBI) kept the interest rates unchanged on Thursday to help tame the inflation that in recent times has surged past the six per cent-mark and said the economy is in an extremely weak condition following the COVID-19 pandemic.
As the world stares at the possibility of slipping into a recession due to the economic devastation caused by Coronavirus pandemic, here is a look at how countries around the world fought the Global Financial Crisis in 2008.