1. Business & Economy

Business & Economy

Business & Economy

Rs 20 lakh package but no immediate relief yet for migrant workers

By Shivaji Sarkar May 16, 2020 New Dehi: The devastation caused by pandemic ensued lockdown may take ten long years to recover and the world economy may continue to be in severe crisis till 2030,…

Lava to shift production from China to India, to invest Rs 800 crore

May 16, 2020 New Delhi:  In an impetus to Prime Minister Narendra Modis Local ke liye Vocal call, domestic brand Lava on Saturday announced to shift its entire mobile R&D, design and manufacturing for the…

Business & Economy

25k registered for repatriation in Saudi reported job loss

May 15, 2020 Hyderabad: About 35 per cent of the 72,000 Indians who have registered with the Indian Embassy in Saudi Arabia for repatriation reported job loss either for short term or long term due…

Necessary steps, but doubts over implementation, effectiveness: Economists

May 13, 2020 New Delhi: As Finance Minister Nirmala Sitharaman on Wednesday announced the first phase of the economic package with liquidity measures for MSMEs and NBFCs, economists, although describing the measures as necessary, have…

15 new, enhanced measures to revive economy; big takeaways for MSMEs

May 13, 2020 New Delhi: Finance Minister Nirmala Sitharaman on Wednesday announced 15 new and some enhanced measures to revive and support businesses, and workers under the mega stimulus package — Self-Reliant India Movement —…

TDS/TCS rate cut by 25% to let Rs 50,000 cr in taxpayers’ hands

May 13, 2020 New Delhi;To provide more money into the taxpayers’ hands, the government, here on Wednesday, reduced the TDS (tax deduction at source) rates for non-salaried specified payments made to residents, and the TCS…

Business & Economy

21 States lose Rs 97K cr in April due to lockdown: Ind-Ra

May 13, 2020 New Delhi, May 13 (IANS) The lockdown imposed to check the spread of Covid-19 disease is expected to unsettle earnings of most Indian states with collective revenue loss for 21 states for…

Modi announces Lockdown 4, Rs 20 lakh Cr economic package

May 12, 2020 New Delhi; Prime Minister Narendra Modi today announced extension of corona lockdown beyond May 17, while hinting at new relaxations, and also unveiled an economic package of Rs 20 lakh crore to…

Business & Economy

Government considers relaxation in FDI policy for real estate

By Rituraj Baruah & Subhash Narayan May 12, 2020 New Delhi: The Ministry of Commerce and Industry is considering relaxation in the foreign direct investment (FDI) policy for the real estate sector, including 100 per…

RIL’s first rights issue in 3 decades likely to open on May 22

May 9, 2020 New Delhi: The rights issue of Reliance Industries Limited (RIL) is expected to open on May 22. It will be priced at Rs 1,257 per share with a share ratio at 1:15.…

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