business news

India’s GDP shrank by a staggering 24 per cent year-on-year amid the imposition of one of the most stringent global nationwide lockdown.

The government and Reserve Bank of India have been prompt to take measures for mitigating the impact of pandemic on economy by rolling out stimulus packages, reforms and interest rate cuts.

The enhanced relief under the relaxed conditions will be payable during the period of March 24, 2020 to December 31, 2020. Thereafter the scheme will be available with original eligibility condition during the period January 1, 2021 to June 30, 2021.

The news of Shaw testing positive comes at a time when Bengaluru has seen a sharp surge in Covid-19 cases since the beginning of July.

To effectively reduce taxpayer grievances / litigation, the monetary thresholds for filing of departmental appeals in various appellate Courts have been raised.

Modi's lawyers had contended that their client was being held in difficult conditions at Wandsworth prison and had also claimed that his mental health was deteriorating as a result of his incarceration.

The Finance Minister stated that Congress and Gandhi should introspect why they fail to play a constructive role in cleaning up the system.

PM Modi wrote 'Today’s announcements by RBI will greatly enhance liquidity and improve credit supply. These steps would help our small businesses, MSMEs, farmers and the poor. It will also help all states by increasing WMA limits'.

The number of people infected has topped 107,000 across the world as the outbreak reaches more countries and causes more economic pain.

On Monday, a series of five earthquakes with magnitudes ranging from 4.8 to 6.0 were recorded in British Columbia.