Cabinet to approve proposal on EPFO contribution, advances

New Delhi, April 15 (IANS) Union cabinet may give post facto approval to the proposal of EPF contribution by the government announced under PM Garib Kalyan Yojana by Finance Minister Nirmala Sitharaman on March 26.

Official sources said that…

Realty sector hails easing of curbs on construction

New Delhi (IANS) The Centre on Wednesday lifted restrictions on construction activities along with other sectors in a limited manner, with effect from April 20.

In an order, the Ministry of Home Affairs announced lifting of curbs on construction…

Yes Bank's rescue shows weakness in govt support for pvt banks: Moody's

Mumbai (IANS) Handling of the Yes Bank crisis and its rescue process brings to light the weaknesses in the government's support for the distressed private sector banks, according to a report by Moody's Investor Services.

"Yes Bank's…

Sensex down 600 points, Nifty below 9,000

Mumbai (IANS) Indian stock markets traded on a negative note on Monday morning with the BSE Sensex falling over 600 points.

The indices fell due to weakness in global markets and heavy selling in auto and consumer durable stocks.

The…

Oil prices jump after OPEC+ agree on output cut deal

New Delhi (IANS) International crude oil prices surged on Monday after the Organization of the Petroleum Exporting Countries (OPEC)and its allies including Russia agreed on a nearly 10 per cent cut in oil production.

In the 10th extraordinary…

CII suggests calibrated lifting of nationwide lockdown

New Delhi (IANS) As anticipations rise about the nationwide lockdown being extended, a CII report has suggested that the lockdown should be lifted in a phased and calibrated manner.

The industry body, in its report also said that as it is an…

Industry likely to seek subsidy to provide wages for workers during lockdown

New Delhi (IANS) Trade and industry associations are likely to represent the authorities in central and state governments over the issue of wages to workmen for the lock down period due to the COVID-19 epidemic.

Jeetender Gupta, Advocate-On-Record,…

Flipkart, Tata Consumer Products launch essential commodities distribution

New Delhi (IANS) Etailer Flipkart and Tata Consumer Products Limited on Saturday announced to serve the nation amid the COVID-19 global pandemic, enabling access to essential food and beverage products to the Indian consumers.

Consumers can…

Assocham recommends graded opening of economy

New Delhi, April 11 (IANS) Sectors like construction where sufficient labor is already at the site, export-oriented units, government offices, e-commerce, and agriculture are the sectors that should be opened in the first phase when the country starts…

IMF Chief predicts worst economic fallout since Great Depression

New Delhi (IANS) As the world deals with the coronavirus crisis, the Managing Director of International Monetary Fund (IMF), Kristalina Georgieva has said that the world may face the worst economic fallout since the Great Depression of the 1930s.