NEW DELHI: One day after the Center agreed to borrow Rs 1.10 lakh crore on behalf of the states for meet GST deficit, finance minister Nirmala Sitharaman on Friday he reached out to all states to explain the contours of the special window. The finance minister’s letter to the states …
Read More »V-shaped recovery observed in various high-frequency indicators: Nirmala Sitharaman
NEW DELHI: Finance Minister Nirmala Sitharaman On Thursday, he said that a V-shaped recovery pattern is being seen in several high-frequency indicators, driven by various measures taken by the government to revive economic growth, hit hard by the outbreak of the COVID-19 pandemic. . In his address to the plenary …
Read More »Sensex Crash: Markets end bull run, Sensex drops 1,066 points: The main reasons behind this slide | India Business News
NEW DELHI: Stock indices ended a 10-day winning streak on Thursday with the benchmark BSE sensex falling more than 1,000 points, dragged down by losses in banking, financial and IT stocks amid weak signals from global markets. The 30-share BSE index fell 1,066 points or 2.61 percent to close at …
Read More »Fake TRP scam: BARC suspends rating of news channels for 3 months
NEW DELHI: NEW DELHI: Television Rating Agency Broadcast Audience Research Council (BARC) said Thursday that it will take a three-month hiatus from viewership estimates or ratings for news channels. The decision comes after his board proposed a technical committee review to increase current standards for measuring and reporting data, improving …
Read More »India’s GDP in PPP terms is higher than Bangladesh’s: Government
NEW DELHI: India’s GDP in terms of purchasing parity (PPP) in 2019 was 11 times that of Bangladesh, while its population was eight times greater. government sources said Wednesday while replying to the congressional official Rahul gandhithe attack on Twitter about the topic. Referring to media reports, Gandhi took to …
Read More »SC appreciates the interest relief, but wants it to accelerate
NEW DELHI: The Supreme Court said Wednesday that it was a “welcome move” by the Center to waive compound interest on loan installments of up to Rs 2 million payable during the six-month moratorium period from March 1 to March 31. August, but disapproved of the time of more than …
Read More »India’s GDP 11 Times More Than Bangladesh in PPP Terms: Government Sources | India Business News
NEW DELHI: India Gross domestic product (GDP) in terms of Purchasing power parity (PPP) was 11 times greater than that of Bangladesh in 2019, government sources said on Wednesday as they downplayed IMF projections that India would fall below the neighboring nation in GDP per capita this year. Earlier in …
Read More »Loan Forbearance Breaking News: Bring Something Concrete, Common Man’s Diwali in Government Hand: SC on Loan Relief | India Business News
NEW DELHI: The Supreme Court said Wednesday that the center should implement “as soon as possible” interest exemption on loans of up to Rs 2 crore under the Reserve Bank of India (RBI) moratorium scheme in view of the Covid-19 pandemic, saying that the common man’s Diwali is in the …
Read More »Infosys Q2 Results 2020: Infosys Q2 Net Profit Increases 20.5% to Rs 4,845 crore | India Business News
NEW DELHI: Infosys, the nation’s second-largest IT services company, reported 20.5 percent growth in its consolidated net profit for the second quarter ended September 30 (2Q) on Wednesday. The company posted a net profit of Rs 4,845 million in the period considered compared to a profit of Rs 4,019 million …
Read More »Rahul Gandhi: ‘Solid Achievement’ of BJP’s ‘Hateful Cultural Nationalism’: Rahul Gandhi on IMF Projections
NEW DELHI: Leader of Congress Rahul gandhi on Wednesday he did a government excavation on IMF Growth projections showing Bangladesh is close to India in terms of GDP per capita this year and describe it as a six-year “solid achievement” of BJP’s “hate-filled cultural nationalism”. Gandhi also shared a graph …
Read More »