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Thursday, June 17, 2021

From Crisis to Catastrophe: US Trade War, Iran and Corona Outbreak

The "maximum pressure strategy" is a cruel and inhuman tactic thrown at an already stigmatized country. It can never be a legitimate foreign policy tool, by any rationale. 

Markets open in red on Wednesday

Mumbai: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade.The Sensex of the BSE opened...

Sensex in the red, Nifty holds 12,203

The Nifty was down by 17.90 points to 12,203.75.

Govt’s stimulus report card says FDI inflow at record level

According to the ministry, the stimulus measures have led to a record inflow of foreign capital into the country.

Sensex down 70 pts, Banks slip

Mumbai: The Indian equity markets traded in the red during the early trade on Tuesday as banks and financial services saw mild selling pressure.The Sensex...

No comment on ‘stagflation’ says Nirmala Sitharaman

Several economists have expressed concerns after the official data on Thursday showed that retail inflation soared to 5.54 percent in November, a steep rise of 92 basis points from the inflation number of the previous month.

Exporters meet Finance Minister call for export development fund

Ajay Sahai, President Federation of Indian Exports (FIEO) said, "we need to bring 'Double Tax Deduction Scheme for Internationalization of MSMEs' to allow MSMEs to deduct against their taxable income, twice the qualifying expenses incurred for approved overseas activities including market preparation, market exploration, market promotion, and market presence.

3 Indian cities named world’s fastest growing cities list

Malappuram, Kozhikode and Kollam were the only three cities to make it to the top 10 of the world's fastest-growing cities.

Capital market may seek change in Dividend Distribution Tax

Finance Ministry said Sitharaman will meet the stakeholder groups of 'New Economy: Start-ups, Fintech and Digital Sector' and financial sector and capital market representatives. The capital market players may seek replacement of Dividend Distribution Tax (DDT) with the classical system of dividend taxation.

Oil prices jump 4% after US air strike

The sharp jump followed the attack over fears of conflict between two of the world's largest oil-producing nations.

India faces greatest economic emergency since Independence, says Raghuram Rajan

He noted that although the global financial crisis in 2008-09 had a severe impact on the country, economic activity was going on and India's financial system was largely sound. Currently, none of the fundamentals are positive, he observed.

Fuel prices unchanged as Brent hits 13 months low

WTI crude was also trading down on Monday, at $49.99 per barrel, below the $50 threshold after falling 3.04 percent on the day at New York Mercantile Exchange.

Petrol, diesel prices hiked

In Delhi, petrol prices climbed to Rs 74.68 a liter as against Rs 74.63 a liter on Wednesday while diesel price rose to Rs 67.09 a liter as compared to Rs 66.99 a liter.

BPCL: One step closer to privatisation, what it means for economy?

At a point when the economy of the country is at its worst in 6 years, what the Government must not forget is the fact that the equity that is being sold now is nothing but the capital invested by India’s taxpayers.

Sensex, Nifty trade near record levels

At 10.14 a.m. the Sensex was up 63.12 points at 41,415.29. It opened at 41,442.75 from its previous close of 41,352.17.