RBI's Monetary Policy Report forecasts global recession

Mumbai (IANS) Outlining a grim picture for the global economy amid the coronavirus crisis, the Reserve Bank of India's (RBI) Monetary Policy Report says that the global economy may slump into recession in 2020.

The report noted that the…

Adani Gas reduces prices of CNG, Domestic PNG

Ahmedabad (IANS) Adani Gas Ltd. (AGL), the city gas distribution business of the Adani Group, has announced reduction in the prices of Compressed Natural Gas (CNG) and Domestic Piped Natural Gas (PNG) across its various geographical areas with effect…

RBI extends overdraft facility for State, UT govts

Mumbai (IANS) To ease the cashflow mismatches which might occur due to Covid-19 lockdown, the Reserve Bank of India on Tuesday extended the time period for States and Union Territories to avail overdraft facilities.

Accordingly, the RBI has…

Tata Power Solar bags contract for constructing 300 MW power project

Mumbai (IANS) Tata Power Solar has bagged the contract to build the 300 MW CPSU-II for NTPC at Rs 1,730.16 crore.

The contract was bagged post reverse auction held on February 21. The Commercial Operation Date (COD) for this grid-connected…

Despite Russia-Saudi difference, global effort begins to stabilise oil prices

New Delhi (IANS) A bigger global effort to stabilise oil prices involving all major oil producers including the US has begun to see that the current crisis does not escalate further putting several oil producers closure to bankruptcies.

Though…

Economic recovery to take at least 2-3 quarters: PE funds

New Delhi (IANS) The situation during the ongoing COVID-19 will be grim and the recovery thereafter will also take time as private equity experts fear that more people will die from hunger than pandemic in India most people under estimating the gravity…

Life insurance policy holders get 30 more days to pay premium

New Delhi (IANS) In a major relief for life insurance policy holders amid the cornavirus crisis, the Insurance Regulatory and Development Authority of India (IRDAI) has extended the deadline for paying premium of life insurance policies, by another…

Passengers can make bookings from April 15 onwards: AirAsia

New Delhi (IANS) Budget passenger carrier AirAsia India on Saturday said that passengers can continue to make their bookings for flights that wil be operated from April 15 onwards.

"If at all there is any change based on the direction provided…

More relief for taxpayers, no TDS on interest income till June 30

New Delhi (IANS) In yet another relief to taxpayers, the Central Board of Direct Taxes (CBDT) has extended the validity of forms 15G and 15H by three months to June 30, 2020 and prevent banks from deducting TDS on interest income of individuals.

Reduced trading hours for currency, debt markets amid COVID-19

Mumbai (IANS) In a major move, the Reserve Bank of India (RBI) on Friday reduced the trading hours for foreign exchange and bond markets by around four hours, with an aim to thwart risks and impact on liquidity amid reduced staff and logistical support.