Govt spending on social service increases significantly amid pandemic: Economic Survey
New Delhi: The government’s spending on Social Services increased significantly during the pandemic states the Economic Survey 2021-22.
GST can't be imposed on petrol, diesel in pandemic time: Govt
New Delhi/IBNS: Petrol, diesel and ATF cannot be included under GST until India overcomes the COVID-19 pandemic, the 45th GST Council has decided.
India signs 300 million loan agreement with ADB to improve health care in 13 states
New Delhi/IBNS: The government of India and the Asian Development Bank (ADB) have signed a $300 million loan to strengthen and improve access to comprehensive primary health care in urban areas of 13 states that will benefit over 256 million urban dwellers including 51 million from slum areas, a statement said on Wednesday.
Passenger vehicle sales in July up 45 pc, signals economic recovery
New Delhi/UNI: Pumped by favourable base effect and pent-up demand, passenger vehicle sales jumped 45 per cent in July 2021 to 2,64,442 units as compared to 1,82,779 units in the same month last financial year.
Thomas Cook, SOTC launched a travel scheme among concerns
Chennai/UNI: With the decline in the second COVID-19 wave and acceleration of vaccine drives, Indians are showing an increasingly positive travel sentiment.
Supreme Court refuses to interfere in Centre's decision on extension of loan moratorium
New Delhi/IBNS: The Supreme Court has refused to extend the six-month loan moratorium period given by the Reserve Bank of India (RBI), saying it cannot interfere in the 'policy decision' of the Centre and the RBI.
Vee Technologies’ stitches a partnership with academia for a pandemic solution
Bengaluru: Of the many heroic deeds of Indian firms innovating in a variety of ways during the lockdown — from developing a vaccine, to managing logistics to designing safe online education delivery to developing AI enabled testing platforms, India can add yet another success story – that of developing indigenous ‘seam sealing machines’ for making PPE kits.
IMF urges Euro zone governments to continue fiscal support amid pandemic
Washington/Sputnik: The International Monetary Fund (IMF) is calling on governments in the euro zone to continue providing fiscal support until the COVID-19 crisis is over, Managing Director Kristalina Georgieva told reporters on Monday.
Job consultant Indeed’s virtual hiring week sees spurt in demand for tech jobs
Kolkata/IBNS: Tech-based jobs requiring skills in Data Analytics, Artificial Intelligence, Machine Learning, and customer support appear to be in demand in the current situation, according to Indeed, an Indian job site.
Kotak Mutual Fund launches a digital campaign for investor education in the pandemic situation
Mumbai/IBNS: Kotak Mahindra Asset Management Company (Kotak Mutual Fund) has launched a digital campaign to help investors who are in a flux with the pandemic and the subsequent lockdown creating a turmoil in the financial world.
Annual report: Pandemic recovery must be measured in ‘human rather than economic terms’
New Delhi: We must “commit” to building a more inclusive and sustainable world, the UN chief underscored in his annual report on the Work of the Organization, launched on Thursday.
Indian logistics company holds mega walk-in drive for jobs to boost the distressed market
New Delhi/IBNS: At a time when the pandemic induced financial crisis and job loss are a recurring theme, Gxpress, an Indian logistics company, has dared to walk in the opposite direction.
Coronavirus: World Bank confirms deepest recession since World War Two
New York/IBNS: The COVID-19 pandemic will shrink the global economy by 5.2 per cent this year, representing the deepest recession since World War Two, and triggering a dramatic rise in extreme poverty, the World Bank said Monday in its latest Global Economic Prospects report.