The non-oil, non-finance sector of the economy is under severe stress.
Some of the policy measures announced are expected to go a long way in removing current challenges on financing faced by businesses and also increasing economic activity, especially in areas of construction and manufacturing.
The NSE Nifty also gained 53 points, or 0.49 per cent, to settle 10,855.15 after shuttling between 10,870.40 and 10,749.40.
Budget should raise revenues & reduce spending to increase capital expenditure.
The government's Rs 20.97 lakh crore COVID-19 package lacks in addressing the immediate concerns of the economy as the actual fiscal impact of the additional stimulus is only about 1 per cent of the GDP as opposed to the claim of 10 per cent, Fitch Solutions said on Tuesday. Prime Minister Narendra Modi on May 12 announced a stimulus package of Rs 20 lakh crore, or nearly 10 per cent of GDP, to deal with the economic fallout of COVID-19. The contents of the package were broad-based and announced in five tranches.
Do you know what kind of currency notes are illegal?
US President Barack Obama on Sunday affirmed his commitment to enhancing India's 'voice and vote' in global financial institutions like IMF.
"The theme of tomorrow's meeting is 'Economic Policy Reform, Road Ahead'. The prime minister will make opening remarks. There are 15 invitees who will make their presentations before the prime minister," a senior government official said.
Snapdeal said it will give its users the option to defer the delivery by a few days till new currency notes become easily available.
Finance ministry maintains that all KYC requirements will be followed.
Theoretically, Modi, who understood corporate finance, committed no crime by raising debt to fund a growing business. In fact, he did a tidy job of it, but his operation started to see the ground underneath it give way in January 2018. A fascinating excerpt from Pavan C Lall's Flawed: The Rise And Fall Of India's Diamond Mogul Nirav Modi.
If you want to keep your CIBIL Score alive and kicking (healthy) make sure you steer clear from the above mentioned common credit score killers.
We need a change in mindset, says the RBI Governor.
Dollar gained against major currencies overseas.
For the urban population, recalibration of ATMs has already started and they will start dispensing the new Rs 2,000 currency notes from Monday or Tuesday.
Besides regular buyers, there is lot of interest among those in essential services, such as health, banking, and IT. The sales will be helped by social distancing becoming the new normal in both urban and rural regions as people will be averse to using public transport.
From small retailers' experiences with e-wallets to digital transaction numbers post demonetisation, Geetanjali Krishna and Karan Choudhury find out where the truth lies.
Reliance Communications Ltd's subsidiary Reliance Mobile World on Wednesday announced introduction of LPG gas booking service on mobile phones.
Fund transfer through Facebook is meant for tech-savvy customers.
With a sole mandate of inflation targeting, RBI wears many hats.
So far 2,06,024 pensioners have submitted DLCs.
The proposed Rs 10,000 crore (Rs 100 billion) of bond purchase would be done on Monday.
Online and mobile based personal finance applications have gained importance over the past few years.
Here are four ways to keep your credit score in the green
Worried over the fallout of the Supreme Court's observations on allocation of coal blocks, India Inc wants the apex court to consider a reprieve for those allotted to genuine companies that have invested billions.
The advice your mother gave you about choosing your friends wisely got a whole new meaning with lenders looking at your social media posts
Here are the key decisions announced by the Reserve Bank of India on Thursday.
UIDAI has asked police to investigate, it was not fully convinced about nature of the incident
Many hurdles that investors could have faced after enrolling for the scheme have been removed.
Investments and expenses under section 80 C allows various tax benefits, says Harjot Singh Narula
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Cumulatively for the first two quarters till now, the advance tax collections from the Mumbai zone, which contributes over a third of the income tax collections nationally, have grown 11 per cent, the official said.
If you ever face a situation where your card transaction is declined, it is advisable to call your bank and check with them for the cause. In most cases, unless it's a fraudulent issue, the problems will be resolved on the phone.
'It is common knowledge that cash is anonymous.' 'When demonetisation was implemented, one of the intended objectives was to put identity on the cash holdings in the economy.' 'With the return of Rs 15.28 lakh crore in the formal banking system, the almost entire cash holding of the economy now has an address.' 'It is no more anonymous,' says Arun Jaitley.
Around 1,267 private companies posted a 10.8 per cent rise in sales at Rs 3,58,446 crore (Rs 3,584.46 billion) in fiscal 2002-03 while interest payments declined by 11.7 per cent.
Key events that rocked India Inc in 2014 and one of them is Vishal Sikka taking over reins at Infosys.
... Are far-reaching social changes coming with it, asks Ajit Balakrishnan.
Kingfisher Airlines said it would "vigorously challenge" the bank's decision.
India is failing to take advantage of its important ally, Japan as much as it should, notes Mihir S Sharma.
These ambitious projects are littered with every possible acronyms and include proposed road links, air connectivity plans, electricity grids and special economic zones on coasts, says Subhomoy Bhattacharjee.
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