New Delhi: The Indian economy seems to have taken a major hit due to the lockdown, imposed for control of the Coronavirus pandemic. The Indian GDP has declined by 23.9% in the April-June quarter. This is the biggest slide in the history of Indian economy. The economists and analysts have warned that the decline will continue for the next two quarters too, and therefore […]
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Washington: – US writer Gordon Chang claimed ‘Chinese President Xi Jinping is receiving severe jolts from around the world, because of the Coronavirus pandemic. The Chinese economy is under threat because of this and President Jinping fears the loss of power. Therefore, President Jinping has started conflicts on multiple fronts like India, the United States, […]
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New Delhi: The Indian Foreign Exchange (Forex) reserves have increased to cross the USD 500 billion mark. This takes India to the fifth spot in the list of countries with the highest forex reserves. The economists are looking at the increased forex reserves as an excellent sign. As per the economists, forex reserves have increased […]
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New Delhi: – The Indian economy has taken a major hit because of the Coronavirus pandemic. But the international credit Rating company ‘Fitch Ratings’ claimed that India would recover from this jolt and the Indian economy will progress at 9.5% in the next year. Moreover, Fitch has upgraded the credit rating of the Indian economy. […]
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Brussels: – Ursula von der Leyen, President of the European Commission, while announcing a recovery plan of 750 billion Euros for Europe, to tide over the crisis created due to the Coronavirus pandemic, said that this is a decisive moment for Europe. This announcement by the European Commission is the biggest ever economic package in […]
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New Delhi: The Union government has taken a major decision of increasing the cap on foreign investment, in the defence equipment manufacturing sector, from 49% to 74%. Prime Minister Narendra Modi had announced an economic package of ₹20 trillion to provide an impetus to the country’s economy. While revealing the details of the package, Finance […]
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London/New York: New cases of Coronavirus have been reported from China and South Korea, who had claimed complete victory over Coronavirus. The fear of the second wave of Coronavirus hitting the world has become stronger with the revelation, and the repercussion of this was seen in the global economy. Gold rates spurted once again to […]
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New Delhi: On Friday, Finance Minister Nirmala Sitharaman declared additional benefits for the joint ventures of farmers and agriculture businesses. The Finance Minister also shared information regarding the new plans to be implemented for businesses such as fishery and pisciculture. Besides, vaccination programmes will be held for 53 crore cattle too. Most importantly, the Finance […]
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New Delhi: Finance Minister Nirmala Sitharaman has reduced the TDS by 25% on non-salaried payment. Furthermore, the due of filing tax returns has been extended until November. On Wednesday, the Finance Minister made this announcement while giving information about some portion of the total package worth 20 lakh crores. This decision regarding TDS and TCS […]
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New Delhi: The details of the economic package of ₹ 20 lakh crores, announced by Prime Minister Narendra Modi, were given by Finance Minister Nirmala Sitharaman on Wednesday. The Prime Minister had said that the cottage, home, micro, small and medium industries, employing millions of people, are the firm foundation of the ‘Self-reliant India Campaign’. […]
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