Economy News

Coronavirus impact: World 'clearly' in recession that will be worse than 2009, says IMF

IMF chief Kristalina Georgieva said that the COVID-19 pandemic has pushed the global economy into a downturn that will require massive funding to help the developing countries come out of the crisis.

Mar 28, 2020

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Indian economy gets corona: Moody's slashes India's GDP growth to 2.5% from 5.3%

The coronavirus outbreak has badly impacted every section of the economy which in turn will affect India's GDP growth in coming months.

Mar 27, 2020

Will RBI's massive repo rate cut and Rs 3.74 lakh cr liquidity push help economic revival?

Amidst the coronavirus scare and economic slump witnessed in the recent days, an announcement by RBI governor Shaktikanta Das brings little relief and hope in times of gloom.

Mar 27, 2020

In an effort to shore up its capital base, Yes Bank to raise up to Rs 5,000 crore

State Bank of India, the country's largest public lender, took a 49 per cent stake in Yes Bank after the central bank placed the lender under a moratorium on March 5.

Mar 27, 2020

RBI cuts repo rate by 75 bps to 4.4% to fight COVID-19, allows banks to put EMIs on hold for 3 months

In view of the ongoing 21-day lockdown to slow the spread of deadly coronavirus, the Reserve Bank has also allowed commercial banks, NBFCs (including housing finance companies) and other financial institutions to put the loan EMIs on hold for three months.

Mar 27, 2020

Citizens plea to govt for temporary break on EMI, loan repayments in its economic relief package

Indian citizens took to Twitter and social media yesterday in a plea to the government to impose a temporary pause on EMIs and loan repayment as a part of the economic relief package.

Mar 26, 2020

Coronavirus lockdown: Indian banks plan to shut down most branches during lockdown, says report

India's central bank and major lenders are considering shutting down most branches across the country to prevent tens of thousands of employees from getting infected with the coronavirus,

Mar 26, 2020

FM Nirmala Sitharaman announces tax relief: Will this help Indian economy tide over coronavirus impact?

Amidst the coronavirus outbreak that has caught the world by storm and pushed the global economy into a state of recession, Finance Minister of India, Nirmala Sitharaman announced tax reliefs and extension on Income tax submission deadline from March 31 to June 30, 2020. Will this really help businesses tide over the Covid-19 impact? We find answers here.

Mar 26, 2020

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Income tax filing, GST returns, Aadhaar-Pan linking deadline extended to June 30

Addressing the media through video conferencing, Sitharaman also said that the government has reduced the interest rate on delayed TDS deposit to 9 per cent from the previous 18 per cent.

Mar 24, 2020

GST Evasion: Firm busted for claiming bogus Input Tax Credit worth Rs 281 cr

On the basis of initiative taken by the Chief Commissioner, Meerut, Data Analytics team analysed suspected firms operating from Delhi, Moradabad and Meerut, involving fraudulent ITC of about Rs 281 crores.

Mar 23, 2020

Corona crisis: 236 people from Iran land in Jaisalmer Corona crisis: 236 people from Iran land in Jaisalmer

Covid-19 may trigger global food inflation, warns United Nations

Consumers across the globe are panic buying across the supermarkets including India.

Mar 22, 2020

Coronavirus : Philippines becomes the first country to suspend all its markets

The Philippine Stock Exchange closed indefinitely while currency and bond trading was suspended, the first shutdown of markets worldwide in response to the coronavirus, with authorities citing risks to the safety of traders.

Mar 17, 2020

'Covid-19 drastically impacted our business': Airport operators write to govt, seek relief measures

The Airports Council International (ACI) Asia-Pacific has written to Civil Aviation Minister Hardeep Puri, requesting him to announce certain relief measures for the airport industries, whose business, they said, was drastically impacted by the coronavirus or COVID-19.

Mar 15, 2020

Petrol, diesel prices in India: No reason to worry about hike in excise duty

The excise duty on petrol and diesel was hiked by Rs 3 per litre due to the falling oil prices in the international markets. In addition to this, the road cess on petrol was also raised by Rs 1 per litre.

Mar 14, 2020

Stocks stage furious rally late after national emergency declared

After U.S. President Donald Trump declared a national emergency to combat the rapidly spreading coronavirus, the US stocks staged a furious rally in the waning moments of the session on Friday.

Mar 14, 2020

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Economy News

Coronavirus impact: World 'clearly' in recession that will be worse than 2009, says IMF

Indian economy gets corona: Moody's slashes India's GDP growth to 2.5% from 5.3%

Will RBI's massive repo rate cut and Rs 3.74 lakh cr liquidity push help economic revival?

In an effort to shore up its capital base, Yes Bank to raise up to Rs 5,000 crore

RBI cuts repo rate by 75 bps to 4.4% to fight COVID-19, allows banks to put EMIs on hold for 3 months

Citizens plea to govt for temporary break on EMI, loan repayments in its economic relief package

Coronavirus lockdown: Indian banks plan to shut down most branches during lockdown, says report

FM Nirmala Sitharaman announces tax relief: Will this help Indian economy tide over coronavirus impact?

Income tax filing, GST returns, Aadhaar-Pan linking deadline extended to June 30

GST Evasion: Firm busted for claiming bogus Input Tax Credit worth Rs 281 cr

Covid-19 may trigger global food inflation, warns United Nations

Coronavirus : Philippines becomes the first country to suspend all its markets

'Covid-19 drastically impacted our business': Airport operators write to govt, seek relief measures

Petrol, diesel prices in India: No reason to worry about hike in excise duty

Stocks stage furious rally late after national emergency declared

FIR lodged against man for impersonating Delhi Police Commissioner [details]

PM to release benefits under PM CARES for Children Scheme on May 30 [see details]

India reports 2,828 Covid cases, 14 deaths; positivity rate at 0.60% [details]

Fahadh Is Like Me, Sethupathi Likes To Experiment: Kamal On His Vikram Co-stars [details]

Collaboration With Pa Ranjith, Vetrimaaran; Details Of Indian 2, Hosting Big Boss And More: Kamal Haasan Spills The Beans