Search For "to contract"
IMF predicts Indian economy to contract by 4.5%, global growth projected a
Updated : 5 years, 9 months ago IST
Washington D.C. [USA], June 24 (ANI): The International Monetary Fund (IMF) on Wednesday said that global growth is projected at -4.9 per cent in 2020, while India's economy is expected to shrink by 4.5 per cent following a longer period of lockdown and slower recovery than anticipated in Ap
Read More
GDP to contract by 5.3 pc in FY21 due to Covid-19 woes: Ind-Ra
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 24 (ANI): India's gross domestic product (GDP) will contract by 5.3 per cent year-on-year in the current financial year (FY21), marking the lowest growth rate in the country's history and sixth instance of economic contraction, India Ratings and Research (I
Read More
RBI cuts key interest rates, forecasts H1 FY21 GDP growth to contract on C
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 22 (ANI): The Reserve Bank of India (RBI) on Friday unveiled a series of measures to minimise the impact of coronavirus (COVID-19) pandemic and subsequent countrywide lockdown which is likely to contract GDP growth rate in the first half of current financial
Read More
US Vice President Pence aide tests positive for coronavirus
Updated : 5 years, 10 months ago IST
Washington [US], May 09 (ANI): A top aide to US Vice President Mike Pence has been tested positive for coronavirus infection. She is the second White House official to contract the disease in the past two days.
Read More
G-20 advanced economies to contract by 5.8 pc with COVID-19 restrictions:
Updated : 5 years, 11 months ago IST
New York [USA], April 30 (ANI): Moody's Investors Service has lowered its 2020-21 real GDP forecasts for all G-20 economies on the ground that economic costs of coronavirus crisis amid the near shutdown of the global economy are accumulating rapidly.
Read More
IMF pegs India's growth at 1.9 pc in FY'20-21, but says will bounce back t
Updated : 5 years, 11 months ago IST
Washington D.C. [USA], April 14 (ANI): The International Monetary Fund (IMF) has projected the growth of Indian economy in 2020 at the rate of 1.9 per cent, while the world economy is likely to contract sharply by "minus 3 per cent" due to the coronavirus pandemic, which is proving worse
Read More
DFCCIL makes payment of Rs 1500 cr to contractors to ensure salary for wor
Updated : 5 years, 11 months ago IST
New Delhi [India], April 9 (ANI): With an aim to ensure salaries for the workforce involved in laying rails for exclusive freight operations, Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) has made payments of Rs 1500 crore to contractors by the end of March amid the COVID-19 l
Read More
Sitharaman asks CPSEs to push capex and payments outstanding to MSMEs
Updated : 6 years, 5 months ago IST
New Delhi [India], Sept 28 (ANI): Finance Minister Nirmala Sitharaman on Saturday asked representatives of central public sector enterprises (CPSEs) and other government agencies to launch a new drive for clearing pending dues to contractors and suppliers by mid-October.
Read More
ICRA revises outlook on construction equipment sector to negative
Updated : 6 years, 6 months ago IST
New Delhi [India], Sep 26 (ANI): Following a sharp correction in unit sales amid slowing economic growth and infrastructure investments, ICRA has revised the outlook on construction equipment sector to negative.
Read More
CBI court grants bail to two accused in NPCC project bribe case
Updated : 6 years, 7 months ago IST
New Delhi [India], Aug 9 (ANI): A special CBI court on Friday granted bail to two accused in an alleged bribe case pertaining to an alleged bribery case pertaining to contracts awarded by National Projects Construction Corporation Limited.
Read More
CBI conducts searches at 18 locations, arrested 7 in NPCC bribery case
Updated : 6 years, 8 months ago IST
New Delhi (India), July 15 (ANI): The Central Bureau of Investigation (CBI) have arrested 7 persons including public servants in an alleged bribery case pertaining to contracts awarded by National Projects Construction Corporation Ltd.
Read More
Andhra govt to grant minimum time scale to contract-based employees
Updated : 7 years, 4 months ago IST
Amaravati (Andhra Pradesh) [India], Nov 22 (ANI): The Andhra Pradesh government on Thursday decided to give minimum time scale to contract employees, a decision that is expected to benefit 23,372 employees in the medical and health department and 3,802 employees in the higher education depar
Read More