RTI Reveals RBI Wrote Off Over Rs 68,000 Cr Loans of Top 50 Defaulters
Banks have technically written off a large amount of Rs 68,607 crore due from 50 top wilful defaulters, including absconding Mehul Choksi. New Delhi| Earlier,...
Category : Business & Finance
Modi Govt Junks IRS Officers’ Report Suggesting Tax On Super Rich
In a statement, the CBDT said that the ‘impugned’ report does not represent the official views of the finance ministry or the income tax dept....
Top Level Bureaucratic Reshuffle As Govt Readies For Economic Battle
The most significant transfers are of Tarun Bajaj & AK Sharma from the PMO to 2 key posts that will play a big role in...
Whopping 40% Tax For The Rich: IRS Officers Suggest Prime Minister
A paper titled ‘Force’ is recommendations by the IRS to PM on revenue mobilization & the economic impetus to fight COVID-19. New Delhi| A group...
More Than 6.3 Crore MSMEs on Verge of Economic Ruin: Sonia Gandhi
Sonia Gandhi Writes To PM Modi highlighting that the MSME sector is bearing around Rs 30,000 crore loss every day due to the lockdown. New...
Finance Commission Meets Today, Likely to Discuss Effects Of Pandemic
The Economic Advisory Council of the 15th Finance Commission will meet on April 23-24 to discuss the impact of the pandemic on GDP. New Delhi|...
OYO Cuts Indian Employees Pay As Lockdown Brings Travel to a Halt
The move comes soon after thousands of international employees were furloughed by OYO earlier in April after the coronavirus outbreak. New Delhi| The salaries of...
First Time In Decades China’s Economy Contracts As GDP Shrinks 6.8%
China’s economy shrank for the first time since at least 1992 as drastic measures to contain the pandemic hammered production & spending. Beijing: Chinese economy...
Amartya Sen, Raghuram Rajan, Abhijit Banerjee Stress on Poverty, Hunger
Amartya Sen, Raghuram Rajan, Abhijit Banerjee give simple ways to revive the economy while helping the poor during the global health crisis. New Delhi| Sen,...
Coronavirus Hits Google, Sundar Pichai Says Slower Hiring
Google parent Alphabet Inc. is significantly slowing hiring for the rest of the year: Chief Executive Officer Sundar Pichai. New Delhi| As the whole world...