Government Begins Fiscal Year Under Severe Strain Amid Biggest Lockdown
India kicks off its fiscal year with revenues under severe strain. A prolonged slowdown in the economy depressed tax collections in the financial year that […]
Month: April 2020
Only 5% Trucks Operating; Logistics Hit By Driver, Labour Shortage, Says Truckers’ Body
Even after Home Ministry notification allowing movement of non-essential goods during the lockdown, things have not changed Only 5 per cent of around 90 lakh […]
Borrowers Unlikely To Get Loan Moratorium Benefit As Banks Will Charge Interest Later
The three-month suspension of EMI payments may not result in a significant gains for borrowers as they will charge interest for the moratorium period, according […]
Core Sector Growth Up 5.5% In February, Highest In 11 Months
These industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP) Eight core sector industries recorded a […]
March Sees India’s Biggest Monthly Foreign Investor Rout Ever
The country’s markets are set to witness the biggest sell-off by foreign investors in a single month in March, as a 21-day nationwide lockdown to […]
Airlines Face Refunding $35 Billion Of Unused Tickets: Aviation Body
The airlines are faced with refunding $35 billion of sold but unused tickets in the April-June period as governments across the world have imposed travel […]
Banks Begin Loan Moratorium Measures But Concerns Mount Over Job Losses And Pay Cuts
Centre said the Rs 27,500-crore financial package under the Prime Minister Garib Kalyan Yojana will be disbursed in coming days Seeking to ease hardships faced […]
Indian Banks Association Answers All Questions About Loan Moratorium
Last week, the Reserve Bank of India announced a three-month moratorium on all term loans outstanding as on March 1, 2020, as well as on […]
Donations To PM-CARES Fund For Coronavirus Made Tax-Free By Special Order
The government on Tuesday brought in an Ordinance to give relief in compliance in filing income tax, GST, customs and central excise returns, to help […]
Oil’s Unparalleled Demand Crash Likely To Be Gamechanger For Industry
Oil is entering a period of unparalleled demand destruction this month that promises to transform the industry for years to come. Daily consumption will plummet […]