Apr 26, 2020, at 11:35 pm
New Delhi/IBNS: Union minister Nitin Gadkari has said Indian manufacturers can take advantage of the current anti-Chinese sentiments by manufacturing items for which India is largely dependent on Chinese imports, media reports said.
Indian govt employees, pensioners not to get hike in DA till June 2021 due to Coronavirus outbreak
Apr 23, 2020, at 02:57 pm
New Delhi/UNI: The additional installment of Dearness Allowance to Central government employees and Dearness Relief to Central government pensioners due from January 1, 2020, will not be paid because of the financial strains due to the Novel Coronavirus crisis, the government said on Thursday.
COVID-19: PayNearby outlets offer users to withdraw Direct Benefit Transfer funds and cash
Apr 22, 2020, at 07:02 pm
New Delhi/IBNS: PayNearby, the hyperlocal fintech network builder, through its 8 lakh network of banking correspondents has been seamlessly facilitating cash withdrawal and transfer in this period - conducting over 8.5 lakh transactions per day.
COVID-19 to cause biggest economic contraction ever in Latin America & Caribbean
Apr 22, 2020, at 01:31 pm
New York/IBNS: The COVID-19 pandemic will herald the worst economic contraction in the history of Latin American and the Caribbean, with a projected -5.3 per cent drop in activity this year, according to a report by the UN office for the region, ECLAC, published on Tuesday.
Ascon Infra to start operation in phased manner following selective relaxation of lockdown
Apr 20, 2020, at 10:29 pm
Kolkata/IBNS: Ascon Infrastructure India Ltd, a leading infra company of eastern India, announced that the company shall begin operations post relaxation of lockdown from April 20, 2020.
EU needs roughly $1.6 trillion to overcome COVID-19 crisis – Economic Commissioner
Apr 20, 2020, at 06:55 pm
Moscow/Sputnik: Tackling the implications of the coronavirus epidemic will likely cost the European Union an approximate 1.5 trillion euros ($1.6 trillion), EU Commissioner for Economy Paolo Gentiloni said in an interview with Germany's Spiegel on Monday.
Apr 18, 2020, at 04:46 pm
Kolkata/IBNS: Walmart Inc., Flipkart and the Walmart Foundation have come together to contribute needed personal protective equipment (PPE) for healthcare workers and financial support for organizations providing essential relief materials to farmers and small businesses to join the battle against the Covid-19 pandemic.
RBI cuts repo rate from 4 pct to 3.75 pct
Apr 17, 2020, at 10:38 am
New Delhi/IBNS: Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced reducing the reverse repo rate from 4 percent to 3.75 percent.
ITC Hotels adopts various employee engagement acitivities to ensure safety and health of their staff
Apr 16, 2020, at 10:05 pm
Mumbai/IBNS: India’s leading hotel chain, ITC Hotels, said they have undertaken a series of proactive steps to ensure the safety and health of their employees who are one of the key pillars that support the group’s ethos of Responsible Luxury.
Apr 16, 2020, at 08:41 pm
New Delhi/ IBNS: Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman met on Thursday to discuss the much-awaited financial package to mitigate the negative impact of COVID-19, said media reports.
SBI waives ATM transaction charges
Apr 16, 2020, at 05:10 pm
Mumbai/IBNS: India's largest bank State Bank of India (SBI) has waived charges for its customers on all transactions made on SBI ATMs and other bank ATMs, after exceeding free transactions, till June 30.
Indian exports and imports nosedive in March
Apr 16, 2020, at 12:43 am
New Delhi/ IBNS: Indian exports and imports declined by record volumes in March, as countries across the world sealed their borders to fight the COVID-19 outbreak.
Income Tax Dept issues 10.2 lakh refunds worth Rs 4,250 crores in one week
Apr 15, 2020, at 11:00 pm
New Delhi/IBNS: The Income Tax department has released 10.2 lakh refunds worth Rs 4,250 crores in a week's time, the Central Board of Direct Taxes (CBDT) said on Wednesday.
The Bengal Chamber adopts two south Kolkata markets to hold sanitisation drives
Apr 15, 2020, at 08:57 pm
Kolkata/IBNS: Kolkata-based Bengal Chamber of Commerce and Industry adopted two markets of Kolkata for sanitisation drives to contain the spread of the Covid-19 pandemic in the city.
Apr 15, 2020, at 01:18 pm
New York/IBNS: Forecasting the “worst economic downturn since the Great Depression”, the International Monetary Fund said on Tuesday that growth for the year was likely to end up at minus three per cent, with a dramatic change evident since the last World Economic Outlook report in January.
Global Economy to Shrink 2.8 percent in 2020 Due to Coronavirus Pandemic - Report
Apr 15, 2020, at 12:21 pm
Brussels, Apr 14 (Sputnik) The coronavirus pandemic looks set to shave off 2.8 percent from the global economic output this year, a UK-based forecasting firm has predicted in its monthly report.
Raghuram Rajan ready to help India as country stares at post-COVID-19 economic crisis
Apr 11, 2020, at 02:19 pm
New Delhi/IBNS: Days after giving suggestions to the Narendra Modi government on how to tackle the post-Coronavirus economic situation, former Reserve Bank of India (RBI) governor Raghuram Rajan said he was ready to help India as the vast country of 1.3 billion people is staring at a financial crisis once the threat of COVID-19 retreats.
Centre released Rs 15,841 crore under PM KISAN in the lockdown period
Apr 10, 2020, at 09:29 pm
New Delhi/IBNS: The Centre has released the first installment of Rs 15,841 crore under the PM KISAN scheme during the lockdown period, the Agriculture Ministry said in a statement on Friday.
Growth outlook to be hit drastically by COVID-19 outbreak
Apr 10, 2020, at 07:15 pm
Mumbai/IBNS: The Reserve Bank of India has said the country's economic growth outlook has been hit drastically by the coronavirus outbreak, media reports said.
ASEAN foreign ministers agree to establish COVID-19 response fund
Apr 10, 2020, at 12:45 pm
Phnom Penh/Xinhua: Foreign Ministers of the Association of Southeast Asian Nations (ASEAN) agreed on Thursday to set up a COVID-19 response fund to collectively fight against the virus, said a Cambodia's foreign ministry statement.
CREDAI West Bengal writes to Union Finance Minister seeking reliefs for Real Estate industry
Apr 09, 2020, at 07:33 pm
Kolkata/IBNS: The West Bengal chapter of the Confederation of Real Estate Developers' Associations of India (CREDAI) has approached the Union Finance Minister Nirmala Sitharaman for relief to aid the real estate industry in the backdrop of the Covid 19 pandemic.
Apr 09, 2020, at 06:38 pm
New Delhi/IBNS: Jindal Stainless, one of the largest stainless steel conglomerates in India, has contributed rupees five crore to the PM Cares Fund to help combat the COVID-19 pandemic in India.
COVID-19: impact could see 195 million job losses, says ILO chief
Apr 09, 2020, at 12:10 pm
New York/IBNS: The rapidly intensifying economic effects of COVID-19 on the world of work are proving to be far worse than the 2008-9 financial crisis, with cutbacks equivalent to nearly 200 million full-time workers expected in the next three months alone, the UN labour agency said.
Nestlé India extends its commitment to India’s fight against COVID-19
Apr 08, 2020, at 06:34 pm
New Delhi/IBNS: Packaged food and beverage company Nestlé India on Wednesday said it has extended its commitment to India’s combat against Coronavirus.
25 million jobs at risk with airline shutdown: International Air Transport Association
Apr 08, 2020, at 10:22 am
Geneva/IBNS: The International Air Transport Association has released new analysis showing that some 25 million jobs are at risk of disappearing with plummeting demand for air travel amid the COVID-19 crisis.
ASSOCHAM suggests business continuity measures to sustain economic activity amid COVID-19 crisis
Apr 07, 2020, at 09:44 pm
Kolkata/IBNS: In a comprehensive plan for gradual lifting of the lockdown, the ASSOCHAM has suggested that several selective but key sectors of trade and industry, including retail, essential manufacturing, large construction and infrastructure projects, to name a few, should be allowed to resume operations, with strict adherence to social distancing norms and other precautionary measures suggested by the Government. This would help mitigate the business and job loss that Indian industries are facing amid the Covid-19 outbreak.
Greatest emergency since Independence: Former RBI Governor Raghuram Rajan over COVID-19 situation
Apr 06, 2020, at 04:15 pm
New Delhi/IBNS: Advising the Indian government to spend more on poor to manage the crisis caused by the Novel Coronavirus, former Reserve Bank of India (RBI) governor Raghuram Rajan has said the pandemic virus is the "greatest emergency since Independence".
Apr 04, 2020, at 08:48 pm
Kolkata/IBNS: With the Covid-19 pandemic throwing the economy of diverse nations out of gear, Shasank Jalan, the owner of Jalan Financial Services, believes people should take wellmesured steps now so far as financial inestments are concerned.
Apr 04, 2020, at 08:44 pm
Mumbai/IBNS: A leading fast online fashion brand SHEIN India donated surgical masks to the Mumbai-based Lokmanya Tilak Municipal Medical College and General Hospital recently.
Aparna Constructions and Estates contributes rupees five crore for the battle against COVID 19
Apr 04, 2020, at 08:38 pm
Hyderabad/IBNS: Telangana based real estate firm Aparna Constructions and Estates Private Limited has donated rupees five crore to relief efforts towards containing the Covid-19 pandemic.