Search Results for: fiscal deficit

Apple first US company to hit $1.5 trillion market cap

Apple has become the first US company that reached $1.5 trillion market cap and according to the investors and analysts, strong App Store sales, ARM chips-run Macs and a 5G iPhone this fall are the reasons for the surge in stock of the Cupertino-based iPhone maker.

Jun 11, 2020

Oil prices see an increase for the second consecutive day, raised by 60 paise per litre

The increase has been made under the dynamic pricing system for daily revision of fuel prices, which OMCs resumed after over the 80 day break during the lockdown period.

Jun 8, 2020

FY20 gross direct tax collection down nearly 5% at 12.33 lakh crore

The gross direct tax collection stood at Rs 12,33,720 crore for last fiscal, compared to Rs 12,97,674 crore collected in FY 2018-19.

Jun 8, 2020

Protesters gather at the scene where George Floyd, an unarmed black man, was pinned down by a police officer kneeling on his neck before later dying in hospital in Minneapolis, Minnesota, U.S. May 26, 2020. REUTERS/Eric Miller

George Floyd death: Civil unrest rages in Minneapolis over racially charged police killing

Protesters massing outside the building briefly retreated under volleys of police tear gas and rubber bullets fired at them from the roof, only to reassemble and eventually attack the building head on, setting fire to the structure as police seemed to withdraw.

May 29, 2020

India's economy seen slowing rapidly in March quarter, with worse to come

Gross domestic product data out later on Friday is expected to show India's economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already declining consumer demand and private investment.

May 29, 2020

Coronavirus: India may need to pump Rs 1.5 trillion into state-owned banks

The government initially considered a budget of around 250 billion rupees for bank recapitalisations but that has risen significantly.

May 28, 2020

Pay Bengaluru property tax online, avail 5% rebate: Step-by-step guide

In light of the coronavirus-induced lockdown, the BBMP had earlier extended the 5 per cent rebate on payment of full property tax till May 31st.

May 27, 2020

World Bank names financial crisis expert Carmen Reinhart as new chief economist

World Bank President David Malpass said in a statement Reinhart's experience and insights would prove invaluable as the coronavirus pandemic heaps economic pain on developing countries.

May 21, 2020

Japan's Defence Ministry investigates potential data leak of next-gen missiles through cyber attack

Japan's defence ministry is investigating a possible leak of details of a new state-of-the-art missile in a large-scale cyber attack on Mitsubishi Electric Corp, the Asahi Shimbun newspaper reported on Wednesday, May 20.

May 20, 2020

Here's the break-up of economic package; allocation at Rs 20,97,053 crore

On Sunday, FM Sitharaman listed measures worth Rs 20,97,053 crore including RBI measures and steps announced under Pradhan Mantri Garib Kalyana Package (PMGKP).

May 17, 2020

Nirmala Sitharaman's 5th tranche of measures: Rs 20 lakh cr deconstructed, borrowing limit increased from 3% to 5% for states

The fifth tranche of measures are a part of Rs 20 lakh crore Covid stimulus package, announced by Prime Minister Narendra Modi earlier.

May 17, 2020

Deferment of EMIs won't impact bank earnings, lending to continue: SBI chairman

EMI relaxations and moratoriums issued by the Centre to lessen the financial burden on individuals and enterprises worst hit by the coronavirus lockdown has had no negative impact on the fiscal condition of banks, says Rajnish Kumar, Chairman, State Bank of India (SBI).

May 16, 2020

'Don't want to talk to Xi Jinping right now': Trump rules out renegotiating trade deal with China

US President Donald Trump signalled a further deterioration of his relationship with China over the novel coronavirus, saying he has no interest in speaking to President Xi Jinping right now and going so far as to suggest he could even cut ties with the world's second-largest economy.

May 15, 2020

Here's how tour of duty will help India Army rationalise its cost

Interestingly, after the implementation of the 'One Rank One Pension' (OROP) scheme, the Army's one-fourth budget goes towards paying pensions.

May 14, 2020

From affordable rental housing to free food for migrants: Key takeaways from Nirmala Sitharaman's press meet

The second tranche of measures focus on migrant workers, street vendors, small traders, the self-employed and small farmers, says FM Nirmala Sitharaman.