Category: Business

The number of Americans filing for jobless benefits dropped to a near four-month low last week, but a record 32.9 million people were collecting unemployment checks in the third week of June, supporting expectations the labor market would take years to recover from the COVID-19 pandemic. Economists cautioned against reading too much into the bigger-than-expected […]

Kundapur Vaman Kamath knows his numbers. One of India’s most respected bankers, he sat down with Network 18’s Editor-in-Chief Rahul Joshi to decode the hard numbers of India’s economic growth, moved fluidly among challenges concerning the financial sector, small and large industries, and policy issues in the middle of a pandemic and a border standoff […]

Former National Development Bank chief KV Kamath expressed confidence in India’s ambition to become a 5 trillion dollar economy in the next five years and said that the Prime Minister’s call for a self-reliant India will act as an aid. In an exclusive interview with Network18’s Editor-in-Chief Rahul Joshi, he said, ” I am clear […]

Amid a call for boycott of Chinese goods after the Ladakh face-off, a national trading body in a letter to Prime Minister Narendra Modi has said it should be done in a calibrated way and not until alternatives are in place.The trading body also sought fiscal support from the government to encourage traders to import […]

The income tax (I-T) department has notified tax exemption on interest, dividend and capital gain incomes of sovereign wealth funds (SWFs) and global pension funds arising from their investment in Indian infrastructure. The Central Board of Direct Taxes (CBDT) through a notification dated July 6 has widened the scope of ‘infrastructure’ for the purpose of […]

Finance Minister Nirmala Sitharaman on Tuesday met CMDs of 23 CPSEs and emphasised the need for timely capital expenditure (capex) to give a boost to economic growth. The combined capex target of these 23 Central Public Sector Enterprises (CPSEs) for the year 2020-21 is Rs 1,65,510 crore. “Finance Minister Smt. @nsitharaman held meeting through VC […]

Industry body FICCI has sought the Prime Minister’s Office intervention in the immediate extension of deadline for installation of emission control equipment at captive power plants. The deadline for installing flue-gas desulfurization (FGD) or emissions control equipment at captive power plants (CPP) to meet environment norms was June 30, 2020. In a letter to Principal […]