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.
COVID-19: PayNearby outlets offer users to withdraw Direct Benefit Transfer funds and cash
New Delhi/IBNS: PayNearby, the hyperlocal fintech network builder, through its 8 lakh network of banking correspondents has been seamlessly facilitating cash withdrawal and transfer in this period - conducting over 8.5 lakh transactions per day.
COVID-19 to cause biggest economic contraction ever in Latin America & Caribbean
New York/IBNS: The COVID-19 pandemic will herald the worst economic contraction in the history of Latin American and the Caribbean, with a projected -5.3 per cent drop in activity this year, according to a report by the UN office for the region, ECLAC, published on Tuesday.
Ascon Infra to start operation in phased manner following selective relaxation of lockdown
Kolkata/IBNS: Ascon Infrastructure India Ltd, a leading infra company of eastern India, announced that the company shall begin operations post relaxation of lockdown from April 20, 2020.
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.
Kolkata/IBNS: Walmart Inc., Flipkart and the Walmart Foundation have come together to contribute needed personal protective equipment (PPE) for healthcare workers and financial support for organizations providing essential relief materials to farmers and small businesses to join the battle against the Covid-19 pandemic.
RBI cuts repo rate from 4 pct to 3.75 pct
New Delhi/IBNS: Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced reducing the reverse repo rate from 4 percent to 3.75 percent.
-1587054958.jpg "ITC Hotels adopts various employee engagement acitivities to ensure safety and health of their staff")
ITC Hotels adopts various employee engagement acitivities to ensure safety and health of their staff
Mumbai/IBNS: India’s leading hotel chain, ITC Hotels, said they have undertaken a series of proactive steps to ensure the safety and health of their employees who are one of the key pillars that support the group’s ethos of Responsible Luxury.
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.
SBI waives ATM transaction charges
Mumbai/IBNS: India's largest bank State Bank of India (SBI) has waived charges for its customers on all transactions made on SBI ATMs and other bank ATMs, after exceeding free transactions, till June 30.
Indian exports and imports nosedive in March
New Delhi/ IBNS: Indian exports and imports declined by record volumes in March, as countries across the world sealed their borders to fight the COVID-19 outbreak.
Income Tax Dept issues 10.2 lakh refunds worth Rs 4,250 crores in one week
New Delhi/IBNS: The Income Tax department has released 10.2 lakh refunds worth Rs 4,250 crores in a week's time, the Central Board of Direct Taxes (CBDT) said on Wednesday.
The Bengal Chamber adopts two south Kolkata markets to hold sanitisation drives
Kolkata/IBNS: Kolkata-based Bengal Chamber of Commerce and Industry adopted two markets of Kolkata for sanitisation drives to contain the spread of the Covid-19 pandemic in the city.
Global Economy to Shrink 2.8 percent in 2020 Due to Coronavirus Pandemic - Report
Brussels, Apr 14 (Sputnik) The coronavirus pandemic looks set to shave off 2.8 percent from the global economic output this year, a UK-based forecasting firm has predicted in its monthly report.