Important decision to cut power rates in the state

Important decision to cut power rates in the state

Mumbai – The industry, as well as the citizens, are facing a financial crunch because of the lockdown. Against this background, the Maharashtra Electricity Regulatory Commission (MERC) has recommended a power tariff cut off for the domestic, commercial and industrial users for the next five years. The reduction recommended by the MERC is 5-7% for […]

Read More »

Coronavirus Pandemic: Indians withdraw a whooping ₹53,000 crore from banks

Coronavirus Pandemic: Indians withdraw a whooping ₹53,000 crore from banks

New Delhi: The Indian population has withdrawn a significant amount of money from the banks given the current threat of the Novel Coronavirus. The Reserve Bank of India (RBI) has informed that the citizens have withdrawn a whooping ₹53,000 crore from the banks as of 13th of March. The number of Coronavirus cases in the […]

Read More »

Crude oil drops below $47 as agreement between OPEC and Russia falls through

Crude oil drops below $47 as agreement between OPEC and Russia falls through

Vienna: The agreement between OPEC, the main organisation of the oil-producing countries, and Russia, regarding oil production cut, has fallen through. This caused the international oil rates to tumble and they slid to below $47 per barrel level. A leading analyst and advisory company, from the oil sector, warned that if OPEC members do not […]

Read More »

Global economy takes a major hit due to Coronavirus, oil, stock markets crash, gold rates increase

Global economy takes a major hit due to Coronavirus, oil, stock markets crash, gold rates increase

London/New York: It is evident on the international level that the intensity of the Coronavirus epidemic, which has locked down China, the second largest economy of the world, is increasing by the day. While there is a steady rise in the number of deaths and people infected, the negative impact is apparent in the global […]

Read More »

Budget 2020-21

Budget 2020-21

New Delhi: Union Finance Minister Nirmala Sitharaman presented the Union Budget, for the year 2010-21, in the Lok Sabha. It is claimed that the relief for the people in the income group 500,000 to 1,500,000, in the income tax, is the highlight of the budget. It is also claimed that as the person will have […]

Read More »

Fuel rates slide along with the stock markets under fears of the Wuhan virus epidemic, gold rates predicted to cross USD 1,600 per ounce

Fuel rates slide along with the stock markets under fears of the Wuhan virus epidemic, gold rates predicted to cross USD 1,600 per ounce

London/Washington/Beijing: The global economy is being hit because of the outbreak of the Wuhan virus, which is spreading rapidly in China and the other countries. The investor concerns are increasing with the increasing number of patients infected with Wuhan virus in China, and in effect, the US, European and Asian markets have crashed. Following the […]

Read More »

Tesla Inc. Makers of Electric vehicles jumps to number 2 in the automobile sector

Tesla Inc. Makers of Electric vehicles jumps to number 2 in the automobile sector

Washington: Tesla Inc., makers of only electric cars since the last 12 years, has jumped to number 2 in the automobile sector companies. Tesla Inc. Shares registered an increase of 4%, in the transactions on Wednesday, taking the company’ market capitalisation above $100 billion. Tesla Inc. is the first electric car maker to reach this […]

Read More »