BUSINESS AWAAZ

RBI permits 3-month moratorium on EMI payments on all outstanding loans

Announces a huge 75 basis points rate cut amid Crona crisis AMN The Reserve Bank of India (RBI) Governor Shaktikanta Das today announced cut in benchmark interest rate, Repo Rate by 75 basis points to 4.4 per cent to deal with the hardship caused due to the outbreak of COVID-19. The central bank also reduced … Continue reading RBI permits 3-month moratorium on EMI payments on all outstanding loans

COVID-19 Economic Task Force to soon announce economic relief package: FM

The Government has announced a slew of measures to provide relief to people and business community by relaxing the compliance and regulatory norms in the wake of COVID-19 outbreak. Finance Minister Nirmala Sitharaman has assured that the COVID 19 Economic Task Force will soon announce an economic relief package. Finance Ministry has extended the last … Continue reading COVID-19 Economic Task Force to soon announce economic relief package: FM

Corona Crisis: Deadline for income tax returns extended to June 30

AMN Deadline for income tax returns for FY 2018-19 extended to June 30: Nirmala announced relief measures amid coronavirus crisis. Announcing a slew of relaxation measures related to compliance and regulation, Finance Minister Nirmala Sitharaman on Tuesday said that the deadline for filing income tax returns for the financial year 2018-19 has been extended till … Continue reading Corona Crisis: Deadline for income tax returns extended to June 30

Govt approves Production Incentive Scheme for Electronics Manufacturing

Staff Reporter / New Delhi Union Cabinet today approved financial assistance to the Modified Electronics Manufacturing Clusters Scheme for development of world-class infrastructure along with common facilities and amenities through Electronics Manufacturing Clusters. Briefing media, Union Minister Ravi Shankar Prasad said that the government also approved Production Incentive Scheme for Large Scale Electronics Manufacturing. The … Continue reading Govt approves Production Incentive Scheme for Electronics Manufacturing

India bans entry of international commercial flights from March 22 for week

AMN / NEW DELHI India has banned entry of all international commercial passenger flights from March 22 for one week. An official statement said State Governments will issue appropriate directions so that all citizens above 65 are advised to remain at home. It excludes public representatives, Government Servants and Medical professionals. Similarly, all children below … Continue reading India bans entry of international commercial flights from March 22 for week

25 million people likely to lose job due to COVID-19: UN

An initial assessment of the impact of COVID-19 on the global world of work says the effects will be far-reaching, pushing millions of people into unemployment, underemployment and working poverty, and proposes measures for a decisive, co-ordinated and immediate response. WEB DESK The United Nations latest study has revealed that more 25 million people might … Continue reading 25 million people likely to lose job due to COVID-19: UN

UAE suspends all types of labour permits

AMN The UAE Ministry of Human Resources and Emiratisation has suspended the issuance of all types of labour permits, including for drivers and domestic workers, effective from 19th March 2020, until further notice. The decision however, exempts intra-corporate transfer and EXPO 2020 permits. The UAE government said the move has been taken in coordination with … Continue reading UAE suspends all types of labour permits

Corona’s Economic Impact

By Asad Mirza The Coronavirus endemic and its deadly effects have brought new words like quarantine, lockdown, sanitisation etc. into the lexicon of every common Indian. People who had no regard for their own cleanliness have awakened to the harsh realities and have started practising what the government was trying very hard to instil in … Continue reading Corona’s Economic Impact

Moody’s lowers India’s GDP forecast to 5.3% in 2020 amid Corona Crisis

AGENCIES Amid Coronavirus and global economic crisis, Moody’s Investors Service Tuesday lowered India’s GDP growth forecast for 2020 calendar year to 5.3 per cent. Moody’s had in February projected a 5.4 percent real GDP growth for India in 2020. This too was a downgrade from 6.6 percent earlier forecast. The 5.3 percent real GDP growth … Continue reading Moody’s lowers India’s GDP forecast to 5.3% in 2020 amid Corona Crisis

Govt introduces Companies (Amendment) Bill 2020 in Lok Sabha

Staff Reporter / New Delhi Government today introduced the Companies (Amendment) Bill 2020 in the Lok Sabha. Introducing the Bill, Minister of State for Finance Anurag Thakur said that the proposed Bill will help in doing ethical and honest business in the country. Opposition members including Congress, TMC and BJD opposed the bill and said … Continue reading Govt introduces Companies (Amendment) Bill 2020 in Lok Sabha

Ad

SPORTS

Covid-19 outbreak: Tokyo Olympics postponed to 2021

AMN Japan's Prime Minister and the head of the International Olympic Committee Shinzo Abe today agreed to ...

Olympics will be postponed due to coronavirus outbreak: IOC member

According to USA Today, veteran International Olympic Committee member Dick Pound said that the 2020 Tokyo Gam ...

Sports administrator BVP Rao resigns from Governing Body of SAI

Harpal Singh Bedi / New Delhi Protesting the decision to merge the Special Area Games Scheme ( SAG) with ...

ART & CULTURE

President Kovind confers 61st annual Lalit Kala Akademi awards

AMN President Ram Nath Kovind Wednesday conferred 61st annual Lalit Kala Akademi's awards on 15 artistes a ...

V P asks people to conserve linguistic heritage of India

"Studies by the experts suggest that teaching in mother tongue at the initial stages of education gives impetu ...

Ad

MARQUEE

India, Maldives sign MoUs for establishing Tourism zone 

AMN India and Maldives today signed five MoUs for establishing the Addu Tourism zone in five islands of Add ...

IRCTC to operate Golden Chariot luxury train from March 2020

AMN The Indian Railway Catering And Tourism Corporation, IRCTC, will operate and manage luxury train, Golden ...

CINEMA /TV/ ART

Filmi Tidbits: Sooryavanshi to be postponed amid Coronavirus

Entertainment Desk Akshay Kumar's Sooryavanshi, directed by Rohit Shetty is set for March 24 release for no ...

Irfan Khan to take health break after Angrezi Medium

Ailing actor Irfan Khan is unlikely to sign any new film in the near future as want health break. Angrezi Medi ...

Ad

CORONAVIRUS CRISIS

COVID-19: US death toll higher than China

US death toll - 3,415 - now larger than China The United States has become the Epicenter of Coronavirus ...

No shortage of medicines in country to combat COVID-19 outbreak: Govt

Staff Reporter / New Delhi Government of India today said that there was no shortage of medicines in the co ...