Category: Economy News
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World economy has got badly affected due to Covid-19
Saloni Subha ( Intern Journalist ) All the Nation across the world has revealed the extent of economic devastation due to Covid-19 outbreak. Six months after the World Health Organization has declared Coronavirus a pandemic, this has infected more than 17 million people across the world. It has inflicted global economic mayhem. Most developed a…
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No change in the price of Petrol and Diesel
(Pooja Dubey, Intern Journalist) There has been no change in the price of petrol and diesel by the government oil companies today. Petrol and diesel prices in Delhi, Mumbai, and Chennai and Kolkata remain the same.The price of petrol in Delhi is Rs 80.43 per liter and the price of diesel is Rs 81.94 per…
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Government amends certain Indian Accounting Standards
Aatmja Kumari(Intern Journalist): The government has amended certain Indian Accounting Standards (Ind-AS), including the standard relating to leases amid the coronavirus pandemic. Ind-AS 103, 116, and some other standards have been amended by the Corporate Affairs Ministry. While Ind-AS 103 pertains to business combinations, Ind-AS 116 relates to principles for the recognition, presentation, and disclosure…
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India’s investment in US increased by $ 13 billion to $ 169.9 billion
(Aditya Shaw, Intern journalist): New Delhi, July 26 India’s investment in US government securities increased by $ 13 billion to reach $ 169.9 billion by May-end. This information has been provided by the latest official figures. This year Indian investment in US securities has seen a lot of ups and downs. It reached a record…
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Smriti Irani asks textile sector to commercialize this Opportunities
(Namita Pradhan, Intern Journalist) Kolkata; Smriti Irani, Textiles Minister on Saturday said that the Covid-19 pandemic has given opportunities and the sector should commercialize this scope. She said the textile sector always looking to subsidy but it is needed to keep in mind that subsidy is the taxpayer’s money. ‘There is a need to see…
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Commercial vehicle sales to contract by more than one-third this fiscal
(Riya Singh, Intern Journalist): In the current fiscal and business needs market recovery, commercial vehicle sales are forecast to fall by more than one-third, a survey said on Friday. The domestic commercial vehicle (CV) industry continues to demonstrate cyclicality as observed in the last two decades, but the downturn experienced in the fiscal year 2020…
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Finance Minister holds 2nd review meeting on CAPEX of CPSEs
Aatmja Kumari(Intern Journalist): Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman today held Video Conference with Secretaries of the Ministries of Civil Aviation, and Steel, and the Chairman Railway Board (CRB), along with the CMDs of 7 Central Public Sector Enterprises (CPSEs) belonging to these Ministries, to review the Capital Expenditure in this…
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LIVE India Ideas Summit 2020: US Emerging Defense Partner in Indo-Pacific
US Secretary of State Mike Pompeo said at the India Ideas Summit that the US invited PM Modi to the next G7 summit, where we will advance the international prosperity mechanism. He said, ‘We are the oldest and most prosperous democracy in the world and it is important that democracies like us work together. India…
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India, Spain reforms to economic ties
(Anjali Shreya, Intern Journalist): India and Spain on Tuesday discussed reforms and opportunities to increase bilateral economic cooperation in the post-COVID eraThe 6th Foreign Office Consultation between India and Spain took place on Tuesday, during which the two countries shared views on a number of regional and global issues of common interest, including multilateral cooperation…
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Government To Boost Growth: Nirmala Sitharaman
Aatmja Kumari(Intern Journalist): Finance Minister Nirmala Sitharaman on Tuesday promised more policy interventions to revive the economy, and emphasized that green shoots are visible and the agriculture sector is driving growth.Indicators like electricity and fuel consumption, inter and intra-state movement of goods, PMI data, and retail financial transactions are witnessing a pick-up, she said. Earlier…