RBI employees donate Rs 7.3 cr to PM-CARES Fund

Mumbai: Coming forward to help a noble cause, employees of the Reserve Bank of India (RBI) have donated a total of Rs 7.30 crore to the PM-CARES Fund, an official said here on Tuesday. The Covid-19 pandemic and consequent dislocation in normal economic activities have severely affected the weaker sections of society and their means […]

Reserve Bank of India (File Photo/IANS)

RBI’s Monetary Policy Report forecasts global recession

Mumbai:¬†Outlining a grim picture for the global economy amid the coronavirus crisis, the Reserve Bank of India’s (RBI) Monetary Policy Report says that the global economy may slump into recession in 2020. The report noted that the the coronavirus pandemic, lockdown and the expected contraction in global output will weigh heavily on the growth outlook. […]