October 02, 2022 13:16 (IST)
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PM Modi pays tributes to Lal Bahadur Shastri on his birth anniversary | Congress presidential poll candidate Mallikarjun Kharge resigns as Rajya Sabha LoP | PM Modi launches 5G services in big push to enhance India's digital landscape | Price of commercial LPG cylinders reduced by Rs 25.5 | PM Modi launches 5G services in big push to enhance India's digital landscape

Global oil supply to fall to 9-year-low in May as OPEC+ deal takes effect - IEA

Moscow/ Sputnik: Global oil supply will fall in May to a nine-year-low of 88 million barrels per day, as the new OPEC+ oil production cuts deal will take effect, the International Energy Agency (IEA) said on Thursday.

What to expect from Centre's Rs. 20 lakh crore economic package: Report

New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman at 4 pm on Wednesday will share the details of the mega stimulus economic package worth Rs. 20 lakh crore announced by Prime Minister Narendra Modi last night.

Lockdown Impact: IIP for March shrinks by record margin of 16.7%

New Delhi/ IBNS: India's factory output shrank by a record 16.7 per cent in March 2020 as a result of minimal economic activity due to nationwide lockdown imposed to contain the spread of coronavirus.

COVID-19 lockdown measures will worsen poverty, vulnerabilities among informal economy workers: ILO

Geneva/IBNS: COVID-19 lockdown  and containment measures threaten to increase relative poverty levels among the world’s informal economy workers by as much as 56 percentage points in low-income countries, says a new briefing paper  issued by the International Labour Organization.

COVID-19 economic impact: CII bats for an immediate stimulus package of Rs 15 lakh crore

New Delhi/IBNS: Top industry body The Confederation of Indian Industry (CII) on Friday said a stimulus package of Rs 15 lakh crore is needed to tackle the impact of a prolonged lockdown on the country's economy.

Delhi government imposes 70 percent 'Special Corona Fee' on liquor

New Delhi/UNI: The Delhi government has decided to impose a 70 percent 'Special Corona Fee' on the Maximum Retail Price(MRP) on the bottle of liquor, sources said here on Monday night.

Covid-19: Ola launches ‘10 Steps to a Safer Ride’ for driver-partners and customers

New Delhi/IBNS: With the Ministry of Home Affairs (MHA) easing restrictions in select zones across the country, Ola, India’s leading mobility platform and one of the world’s largest ride-hailing companies, today launched a new safety initiative, ‘10 Steps to a Safer Ride’ as operations resume in over 100 cities which are in green and orange zones.

Lockdown income-loss forces workers to lay hands on Provident Fund savings

Mumbai/IBNS: As many as 6,50,000 people have withdrawn money from their Employees' Provident Fund (EPF) savings to fulfill the income loss due to extended Covid-19 lockdown, said a media report.

SAIL continues to be at forefront of India’s fight against Corona

New Delhi/UNI: Steel Authority of India Limited (SAIL) continues to be at the forefront of India’s fight against COVID-19.Under the guidance of Steel Minister Dharmendra Pradhan, SAIL has contributed Rs 4 crore to four states -- Jharkhand, Odisha, Chhattisgarh and West Bengal where its five integrated steel plants are located.

Centre rejects report by IRS officials suggesting Income Tax hike, calls it ill conceived

New Delhi/ IBNS: The Centre has rejected a report prepared by a group of IRS officers that suggested a 40 per cent hike in the income tax rate, a 4 per cent Covid-19 relief cess and imposing a super-rich tax, finance ministry officials have said, reported media. 

MSME Minister Nitin Gadkari asks entrepreneurs to take advantage of anti-Chinese sentiments to attract business

New Delhi/IBNS: Union minister Nitin Gadkari has said Indian manufacturers can take advantage of the current anti-Chinese sentiments by manufacturing items for which India is largely dependent on Chinese imports, media reports said.

Indian govt employees, pensioners not to get hike in DA till June 2021 due to Coronavirus outbreak

New Delhi/UNI: The additional installment of Dearness Allowance to Central government employees and Dearness Relief to Central government pensioners due from January 1, 2020, will not be paid because of the financial strains due to the Novel Coronavirus crisis, the government said on Thursday.

Buzinessbytes salutes real-life Covid-19 heroes

New Delhi: Buzinessbytes, a one-stop solution of news requirements, recently launched a video saluting the real-life heroes who have made it possible to lead a good life despite coronavirus pandemic.

EU needs roughly $1.6 trillion to overcome COVID-19 crisis – Economic Commissioner

Moscow/Sputnik: Tackling the implications of the coronavirus epidemic will likely cost the European Union an approximate 1.5 trillion euros ($1.6 trillion), EU Commissioner for Economy Paolo Gentiloni said in an interview with Germany's Spiegel on Monday.

PM Modi and Finance Minister Sitharaman meet to discuss economic stimulus package amid COVID-19 outbreak

New Delhi/ IBNS: Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman met on Thursday to discuss the much-awaited financial package to mitigate the negative impact of COVID-19, said media reports.