New Delhi: The States of Uttar Pradesh (UP), Gujarat, Madhya Pradesh (MP), Haryana, Punjab and Himachal Pradesh (HP) have amended the labour laws. This amendment sanctions 12 hours working shift, instead of the current 8 hours, and Karnataka and Assam also have indicated similar changes. These amendments in the state labour laws are considered to […]
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London: Coronavirus is on a rampage in the United Kingdom, like the United States and Italy, and has claimed more than 10,000 lives. Currently, there is a lockdown imposed in the United Kingdom. The economy of the United Kingdom also is taking a hit because of this. Now, it has been reported that there is […]
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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 […]
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New Delhi: The Indian population has withdrawn a significant amount of money from the banks given the current threat of the Novel Coronavirus. The Reserve Bank of India (RBI) has informed that the citizens have withdrawn a whooping ₹53,000 crore from the banks as of 13th of March.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 […]
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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 […]
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London/New York: While the extent of the Coronavirus epidemic is increasing in China, the prices of gold, the perpetual safe investment, have jumped to USD 1,600 per ounce (28.34 Grams). Leading investors and analysts had made this prediction at the end of last month. While the prediction has come true, the possibility of gold rates […]
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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 […]
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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 […]
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New Delhi: 2020’s Economy Survey Report is published. It is expected that India’s economy will progress with 6 to 6.5% growth rates in the year 2020-2021. Moreover, it is advised that the fiscal deficit will have to be overlooked to give impetus to the development. Chief Financial Advisor Krishnamurthy Subramanian has expressed confidence that the […]
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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 […]
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