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April 23, 2020 12:38 PM
The World Bank has said that remittances to India are likely to drop by 23 per cent from 83 billion US Dollars last year to 64 billion US Dollars this year due to the Corona virus pandemic, which has resulted in a global recession. According to a World Bank report on the impact of the COVID-19 on mi...
April 23, 2020 12:32 PM
The leading credit rating agency, Fitch Ratings today has slashed India's economic growth projections to 0.8 per cent in the current fiscal saying an unparalleled global recession was underway due to disruptions caused by the outbreak of Corona virus pandemic and resultant lockdowns. In i...
April 23, 2020 9:41 AM
NAFED and Food Corporation of India (FCI) have procured Pulses and Oilseeds worth one thousand 313 Crore rupees benefiting more than one lakh 74 thousand farmers. AIR Correspondent reports that the Department of Agriculture, Cooperation and Farmers Welfare is taking several measures to facilitate th...
April 23, 2020 8:24 AM
Principal economic adviser Sanjeev Sanyal has said that more calibrated monetary and fiscal stimulus measures are on the anvil to deal with the economic fallout from Covid-19 and the consequent lockdown. International passenger travel would remain shut for a long time, not for weeks but for months, ...
April 22, 2020 8:02 PM
The World Bank today said, the remittances are expected to plunge by about 20 percent globally this year due to Covid-19 pandemic. In its report, the Bank said the biggest decline in recent history, as closures cause a global recession and job losses that prevent workers from sending money to their ...
April 22, 2020 7:36 PM
The rupee today recovered from record low levels to settle stronger by 15 paise to 76 rupees and 68 paise against the US dollar. The domestic unit appreciated following gains in domestic stocks and some weakness in the greenback against global currencies.
April 22, 2020 2:07 PM
The Reserve Bank of India has asked banks to extend the benefit of interest subvention (IS) and prompt repayment incentive (PRI) for short-term crop loans to farmers till 31st May, 2020. In a notification, RBI said, it has observed that many farmers are not able to travel to bank branches for paymen...
April 21, 2020 7:12 PM
US crude oil futures continued to trade below zero, today, as concern grew the sector will run out of storage for a glut caused by the coronavirus lockdown. US crude futures had tanked nearly 40 dollars below zero, yesterday. So the US crude futures for May delivery traded at minus 2 dollars and 58 ...
April 21, 2020 4:41 PM
Asian markets ended lower, posting sharp losses, after US crude futures recorded a historic plunge overnight, prompting investors to stay away from riskier assets. So Japan's Nikkei-225 index declined 2 percent; China's Shanghai Composite index dropped 0.9 percent; Hong Kong&ap...
April 21, 2020 12:42 PM
The Central Board of Direct Taxes, CBDT, today refuted rumours circulated on social media alleging that the Income Tax Department is pursuing recovery proceedings and using arm-twisting methods by adjusting outstanding demands of the start-ups. CBDT stated these observations completely unfounded and...
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Last Updated: 27th Apr 2026
