BUDGET 2020 EXPECTATIONS
How Sensex, gold, 10-year G-sec performed during week ending March 26, 2020
Here is a weekly tracker to keep you updated on how Sensex, gold prices, 10-year government bond yield and consumer inflation performed.
COVID-19 impact: New Olympic date likely 'this week': Organisers
New dates for the delayed Tokyo 2020 Olympics will likely be revealed this w...
Delhi Assembly passes budget for 2020-21; Rs 50 cr set aside to deal with coronavirus
Presenting the budget, Delhi Deputy Chief Minister Mani...
DLF expects Rs 800 cr revenue via Tier-II markets
The company, while announcing its third-quarter results in the first week of February, said it would upgrade existing inventory of plots to independent floors, which have shown better traction in the market. The plan is to offer about 7 million square feet of finished homes on plots it has already developed across India.
Finance Minister, RBI meeting on Tuesday to decide first-half borrowing plan for FY21
The meeting between the Finance Ministry and Reserve Bank of India (RBI) will be held through video conferencing for the first time as there is lockdown across the country. As per the Budget, the government plans to borrow Rs 5.36 lakh crore from the market in 2020-21, higher than the Rs 4.99 lakh crore estimated for the current financial year.
Indian property developers vow to feed labourers amid lockdown
The Hiranandani Group has organized 15 days of food rations for more than 4,000 labourers across sites. Oberoi Realty Ltd will continue to pay its staff.
Airline revenues in 2020 to go down by 44% over 2019: IATA
“Revenue loss of $250 bn in 2020 over 2019… which is a 44% decline over 2019… Before any recovery takes place, airlines may run out of cash,” said Brian Pearce, chief economist at IATA. Earlier, in February, IATA had estimated that global airlines would lose about $113 bn in revenues due to the Coronavirus pandemic.
Rupee to average at 77 against dollar in 2020, 80 in 2021: Fitch Solutions
Ongoing global risk-off sentiment and steep monetary easing will pressure the rupee weaker.
12 Bills passed as Budget session cut by 12 days
Parliamentary affairs minister Pralhad Joshi said a total of 12 Bills were passed by Parliament in this session. These include the budget Appropriations Bills, the Finance Bill, The Direct Tax Vivad se Vishwas Bill that aims to simplify resolution of tax disputes, budget of Jammu and Kashmir, and an amendment to the Insolvency and Bankruptcy Code.
Aadhaar-PAN, Vivad se Vishwas, belated ITR, tax-saving deadlines extended to June 30, 2020
The government decision comes amid curfews and lockdowns due to the Covid-19 pandemic.
Comparison of new income tax regime with old tax regime
Based on an example, it is evident that maximum benefit in terms of tax savings that can be availed under the new regime (in case no investments are made) is Rs 75,000. The highest tax rate, i.e. 42.7%, will continue to be a major challenge for HNIs.
2020 US election campaigns go digital amid fears of coronavirus spread
Amid calls for social distancing to stop the pandemic's spread, President Donald Trump and Democrats Joe Biden and Bernie Sanders have had little choice but to call off large-scale public events in favor of politicking online and over the airwaves.
GoAir says services to remain suspended till April 14
The central government has suspended all domestic and international flight operations in India to curb the spread of coronavirus.
When the virus passes, expect an equally sharp rebound in economic activity: Sajjid Z Chinoy
In 2008 we knew what the shock was and how to respond, says chief India economist, JP Morgan
Lok Sabha passes Finance Bill without discussion
The Lok Sabha passed the Finance Bill, Monday, by voice vote without discussion, amid ruckus in the House with opposition parties seeking a fiscal stimulus package in the wake of the Coronavirus outbreak.
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