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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

China's slowdown and disruption in supply: Impact of coronavirus outbreak on global trade

With the widespread coronavirus attack on a global rise, it is becoming increasingly difficult for businesses to sustain the growth momentum through the last few weeks. The trade and business in India has been worst hit by $348-million, according to a UNCTAD report. This is much lesser in comparison to the impact borne by the world's leading economies - the EU, the US, Japan and South Korea.

Mar 12, 2020

Economic impact of Coronavirus outbreak: What should global policymakers do to avert crisis?

Besides economic uncertainty that currently exists, the coronavirus outbreak will cost the global economy up to $2 trillion, according to findings in the UNCTAD report. It might trigger a recession in some countries and a deceleration of global annual growth to below 2.5 per cent.

Mar 10, 2020

BEL beats firms from Russia, Poland to secure $40mn defence deal from Armenia

To boost defence exports from India, Bharat Electronics Limited (BEL) won a $40-million deal competing with firms from Russia and Poland, for supplying four Swathi Weapon Locating Radars (WLR) to Armenia.

Mar 3, 2020

LPG prices slashed from today, here's how much you need to pay now for a cylinder

This is the first time since August last year that the prices of the non-subsidised cylinder were decreased.

Mar 1, 2020

GDP growth further sinks to 4.7%; 'steadiness' in economy a good sign says FM

Turning a blind eye to the struggling state of the economy, Finance Minister Nirmala Sitharaman argued that the "steadiness" in the economy is a good sign

Feb 29, 2020

India to send billions of dollars to US, going to do lot of business: Donald Trump

Donald Trump spoke to reporters post his return to the US, after visiting India saying, "A lot of tremendous progress was made in terms of the relationship. Our relationship with India is extraordinary right now. And we are going to be doing a lot of business with India."

Feb 27, 2020

Women entrepreneurship can create 150-170 million jobs in India

A joint report by Bain & Company and Google titled "Women Entrepreneurship in India - Powering the economy with her", underlines the need to accelerate efforts to grow women entrepreneurs in India in both quantity and quality to solve employment challenges in the country.

Feb 19, 2020

Here's how badly coronavirus outbreak has impacted global trade

As per a poll, the Chinese economy is expected to grow at 4.5% in the first quarter of 2020 down from 6% in the previous quarter, lowest since global recession in 2008.

Feb 18, 2020

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