G-20 to invest $5 trillion in the global economy

G-20 to invest $5 trillion in the global economy

New Delhi: – The international institutions are warning that the growth rate of the global economy will reduce by half, because of the Coronavirus pandemic, which is on a rampage in the world and which has already claimed more than 22,000 lives. Against this background, the G-20 countries have announced an investment of $5 trillion, […]

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RBI announces major cut in interest rates

RBI announces major cut in interest rates

Mumbai: – The Reserve Bank of India (RBI) made some important announcements on Friday, given the effects of the Coronavirus pandemic, on the Indian economy. RBI reduced the REPO rate by 0.75% and the reverse REPO rate by 0.90%. This will reduce the EMIs for car and home loans, bringing major relief to the borrowers. […]

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Coronavirus Crisis- Government declares relief for taxpayers and bank customers, a financial package for industry soon, FM Nirmala Sitharaman

Coronavirus Crisis- Government declares relief for taxpayers and bank customers, a financial package for industry soon, FM Nirmala Sitharaman

New Delhi: Union Finance Minister, Nirmala Sitharaman, has announced a significant relief for the taxpayers and ordinary bank account holders. Finance Minister Sitharaman made some important announcements for providing relief, by extending the date for filing returns, to the Income Tax and GST payers. The minimum balance condition, for bank accounts, also has been removed […]

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Chinese requests India not to use the term ‘Chinese Virus’

Chinese requests India not to use the term ‘Chinese Virus’

New Delhi: US President Donald Trump has castigated China over the issue of Coronavirus. President Trump is referring to the Coronavirus as ‘Chinese Virus’ by saying that if China had revealed the information regarding the epidemic in time, the global crisis could have been avoided. China, ruffled by this, has started pleading to India. Chinese […]

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WHO warning to India

WHO warning to India

New Delhi: The World Health Organisation (WHO) has praised the Indian move to impose a lockdown across the country. At the same time, the WHO has also warned that if other necessary measures are not implemented along with the 21-day lockdown, there is a risk of Coronavirus returning in the future and it will be […]

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Coronavirus cases in India exceeds 450

Coronavirus cases in India exceeds 450

Mumbai: The death toll of India attributed to Coronavirus has touched 9, whereas the number of confirmed cases have exceeded 450. Though the state and the central government have appealed citizens to stay indoors and leave their homes only if absolutely necessary, citizens are seen violating the rules. Expressing his discontent Prime Minister said, “Many […]

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‘Corona’ makes Bombay Stock Exchange fall steeply Sensex drops by about 4 thousand points Investors lose ₹14 lakh crore

‘Corona’ makes Bombay Stock Exchange fall steeply Sensex drops by about 4 thousand points Investors lose ₹14 lakh crore

Mumbai: Monday proved to be disastrous day in the history of the Bombay Stock Exchange. Fearing adverse impact on the economy due to the scare of ‘Coronavirus’, which has forced 25 Indian states under lockdown, the stock market saw its largest fall. The BSE sensex fell by almost four thousand points. The entire day saw […]

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India and Russia to activate INSTC, risking US sanctions

India and Russia to activate INSTC, risking US sanctions

New Delhi: India and Russia are making strong movements to boost bilateral trade by starting transport through Iran. For this, a new 7,200 kilometres long International North-South Transport Corridor (INSTC) is being built. Currently, the United States has imposed harsh sanctions on Iran and is imposing tough sanctions on the countries conducting trade with Iran, […]

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