The actual hit to government finances from the measures announced by Finance Minister Nirmala Sitharaman in the last two days was pegged at ₹66,500 crore, or 0.34% of the GDP, by Barclays. Aggregating all the measures, Barclays said the government and the Reserve Bank of India (RBI) cumulatively have, soContinue Reading

The three main industry bodies in the auto sector — Automotive Component Manufacturers Association of India (ACMA), Society of Indian Automobile Manufacturers (SIAM) and Federation of Automobile Dealers Association (FADA) — on Friday, came together to seek government nod for re-starting of operations by the entire value chain, including vehicleContinue Reading