Following Narendra Modi government’s decision to extend the coronavirus lockdown till 3 May, Reserve Bank of India (RBI) Governor Shaktikanta Das will make some important announcements at 10 am today. Continue Reading
On the impact of Coronavirus on the economy, Union Finance Minister Nirmala Sitharaman sought to allay any fears saying there is no need to immediately press the panic button, but things could get challenging if the issues prolong for another two or three weeks, citing feedback from the pharmaceutical and electronic industries, which depend heavily on imports of raw material from China. Continue Reading
The Indian economy experienced some abrupt slowdown in 2019 due to turbulence in non-banking financial institutions and major reform measures such as GST and demonetisation, but it is not in a recession, IMF Managing Director Kristalina Georgieva has said.
Starting today, Finance Minister Nirmala Sitharaman will begin the customary pre-Budget consultation exercise, during which she will seek inputs from various stakeholders including industry bodies, farmer organisations and economists for reviving consumption and boosting growth. Continue Reading
Tamilnadu-based City Union Bank celebrated its 116th Foundation Day here. The event saw the participation of Finance Minister, Nirmala Sitharaman and MD and CEO of City Union Bank (CUB), N Kamakodi. Continue Reading
Investors can find no better place in the world than India that has a democracy loving and capitalist respecting environment, Union Finance Minister Nirmala Sitharaman has said. Continue Reading
The US’ corporate sector has lauded the Indian government for substantially slashing the income tax rate to 25.17 per cent, saying the move will reverse the economic slowdown and allow global companies a “good option” for growing their manufacturing base in the country.
In a major fiscal booster, the government today slashed effective corporate tax to 25.17 per cent inclusive of all cess and surcharges for domestic companies.
The government today issued an ordinance to ban e-cigarettes, making the production, import, export, transport, sale or advertisements of such ”alternative” smoking devices a cognizable offence attracting jail term and fine. Continue Reading