Economy News

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

budget 2017, income tax, tax planning, tax calculation, exemption, section 80c, personal finance

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

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Economy News

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

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

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

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

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react